D.A. Davidson & Co. (“D.A. Davidson”) announced today that it served as exclusive sell-side financial advisor to IT Assist (the “Company”), a leading TeamLogic IT franchisee, to TeamLogic LLC (“TLIT”), the franchisor.
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D.A. Davidson & Co. announced today that it served as exclusive sell-side financial advisor to IT Assist, a leading TeamLogic IT franchisee, to TeamLogic LLC, the franchisor.
Founded in 2011 and headquartered in Newtown, Pennsylvania, IT Assist is the largest TeamLogic IT franchisee providing managed IT services, cloud solutions, and cybersecurity offerings to small and mid-sized businesses. The Company was acquired by Salt Creek Capital in 2020 in partnership with CEO Pratik Roychoudhury and has since grown from eleven to twenty-three territories, serving a diversified customer base across industries including healthcare, life sciences, education, and manufacturing. IT Assist has consistently been recognized as the leading franchisee within the TeamLogic IT system, the largest franchisor of managed IT services providers in the United States.
“We are grateful to have partnered with the D.A. Davidson team on executing this transaction and are very appreciate of their firm commitment throughout the entire process,” said Pratik Roychoudhury, Chief Executive Officer. “The D.A. Davidson team brought together deep franchise industry knowledge, informed by unique multi‑unit franchisee perspectives, with strong advisory capabilities and rigorous process execution to drive an efficient transaction. We truly enjoyed working with such an exceptional team and are appreciative of the outstanding outcome they helped us achieve.”
“We are proud to have served as exclusive financial advisor on this important transaction for IT Assist and ultimately the broader franchise system,” stated Austin Black, Director at D.A. Davidson. “Pratik and team have built a best-in-class multi-unit franchise operation within the attractive managed IT services industry, and we are grateful for the opportunity to have worked alongside such a capable team. We look forward to continuing our partnership and supporting the many successes ahead.”
This transaction underscores D.A. Davidson’s Consumer Investment Banking team’s proven expertise in advising franchise businesses through strategic transactions and transformative partnerships.
D.A. Davidson Companies is an employee-owned financial services firm offering a range of financial services and advice to individuals, corporations, institutions, and municipalities nationwide. Founded in 1935 with corporate headquarters in Great Falls, Montana, and regional headquarters in Denver, Greater Los Angeles, New York, Omaha and Seattle, the company has approximately 1,600 employees and offices in 30 states.
D.A. Davidson’s Investment Banking Division is a leading full-service investment bank that offers comprehensive financial advisory and capital markets expertise. The group has extensive transaction experience serving middle-market clients worldwide across four industry verticals: consumer, diversified industrials, financial institutions, and technology. Together with its European strategic partner, MCF Corporate Finance, D.A. Davidson originates and executes transatlantic M&A transactions under the common brand of D.A. Davidson MCF International.
Subsidiaries include: D.A. Davidson & Co., a full-service investment firm providing wealth management, investment banking, equity and fixed income capital markets services, and advice; Davidson Investment Advisors, a professional asset management firm; D.A. Davidson Trust Company, a trust and wealth management company; and Davidson Fixed Income Management, a registered investment advisor providing fixed income portfolio and advisory services.
For more information, visit dadavidson.com.
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