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The Forbes M+A Group Advises The Studio Director on its Sale to Providence Equity PartnersDENVER, Jan. 28, 2020 /PRNewswire/ -- The Forbes M+A Group (Forbes), an award-winning middle market investment bank, served as exclusive advisor to The Studio Director, a Customer and Payment Management SaaS Platform, on its sale to Providence Equity Partners. "The Forbes team was able to unlock a huge amount of additional value in our Company by truly understanding our unique value drivers. They exceeded our expectations by achieving a successful close with an ideal partner within only 4 months," said The Studio Director's President & Co-owner Jon Visscher. Vice President & Co-owner Steve Luna added, "An M&A transaction is one of the most important life events for a business owner, and I am grateful we selected Forbes. They were a group we could trust to fiercely advocate for us throughout the entire process." Dan Pellegrino, Managing Director and Partner of Forbes' Software and Technology team and The Studio Director's lead advisor, stated, "Technology companies with both scalable proprietary IT assets and payment processing capabilities, like The Studio Director, are attracting significant interest from major investment groups and strategics alike." Blake Shear, Director at Forbes and co-advisor commented, "Health and wellness industry leaders see significant strategic value in acquiring innovative software and technologies to transform the approach to supporting their customer's active lifestyles." Blake further commented that, "The current market demand and The Studio Director's innovative technology platform enabled us to employ a "pre-emptive" bid strategy that yielded a great partnership for both The Studio Director and Providence." In addition to Dan Pellegrino and Blake Shear, The Studio Director advisory team included Associate, Cassie Dobos. The Studio Director provides proprietary web-based management software and payment solutions for children's activity centers, primarily dance and gymnastic studios. The Studio Director platform enables its customers to lower administrative costs and increase revenue and customer service. Additionally, the platform creates a high ROI for its customers by providing flexible solutions for scheduling, customer relationship management (CRM), credit card / ACH processing, customer communications, inventory, ecommerce, and event management. By delivering quality software and support, the Company has experienced solid growth over its 15-year history, serving thousands of clients and annually processing over half a billion dollars in credit card payments. About The Forbes M+A Group Providence Equity Partners
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