Alabama, South lag in venture capital funding By Jimmy DeButts Staff – Birmingham Business Journal Venture capitalists have largely ignored Alabama in the past year with no deals being reported in two of the past four quarters. Alabama tied for 32nd nationally with just seven deals worth $43.1 million in the four quarters ended March…
Founders Investment Banking, LLC is pleased to announce that it advised the shareholders of Rea Brothers Mid-South Auction (RBMSA) on the sale of the company to American Auto Auction Group (AAAG). Founded in 1972, RBMSA is a Jackson, Mississippi-based auto/vehicle auction that, in addition to its core auction function, provides a full complement of automotive…
Founders Investment Banking, LLC is pleased to announce that ActekSoft (also “ACTEK, Inc.”) has been acquired by Callidus Software Inc., which is publicly traded on the NASDAQ exchange under the “CALD” ticker symbol. ActekSoft, based in Birmingham, Alabama, delivers commission, incentive compensation, and compliance software solutions for complex selling environments primarily in the insurance and general…
Key Part of Founders’ Ongoing Focus to Advise Clients on Investing in the Distressed Real Estate Market Founders Investment Banking’s Real Estate Practice is pleased to announce the successful closing of the first round of investment in the newly formed Foundation Residential Acquisition Fund I. In response to ongoing challenges in the residential real estate…
Founders Investment Banking, LLC is pleased to announce that Walpar, Inc. has been recapitalized by Rock Gate Partners, LLC in partnership with Peninsula Capital Partners, L.L.C., who provided both debt and equity in support of the transaction. Walpar, based in Birmingham, Alabama, is a leading designer and fabricator of highway signage structures and other highly-engineered, large-scale…
Small Businesses Find Money When Banks Say No By Roy L. Williams — The Birmingham News The worst recession in decades is making life difficult for companies needing financing to make ends meet, capital to expand or complete mergers. Duane Donner , managing director of Founders Investment Banking, says his firm, which helps put deals together,…