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Convenient Payments Backs Mainstreet™ Computers in its Acquisition of Digital Business ControlsConvenient Payments Holdings, LLC, a portfolio company of The Beekman Group, announced today that subsidiary, Mainstreet™ Computers, LLC (" Mainstreet™") has acquired Dialmark, LLC (dba Digital Business Controls) ("DB Controls," or the "Company"), a Sandy, UT-based provider of business software to the auto and flat glass industries. Through its Chameleonware point-of-sale application, DB Controls provides software that supports a full range of business functions, including ticketing, invoicing, and accounting and inventory functions. DB Controls uses a SaaS (News - Alert) business model and has a diverse and loyal customer base. Brad Rhoades, CEO of Mainstreet™ commented, "The DB Controls team and their focus on value-add solutions are a perfect complement to Mainstreet™. We believe that both companies will be better positioned to deliver outstanding customer tools along with service and support, and we continue to look for similar acquisition opportunities." John Wharton, founder of DB Controls, commented, "This transaction is a fantastic outcome for DB Controls and its employees, and I look forward to working with Mainstreet and the broader Convenient Payments team in delivering value-add, integrated solutions for our clients." Casey Leloux, CEO of Convenient Payments Holdings, commented, "We are thrilled to welcome DB Controls to the Convenient Payments family. Our vision for Convenient Payments has always been to partner with software companies like DB Controls, and support growth by allowing them to leverage our infrastructure for critical back-office functions such as marketing, finance and accounting, and payment processing." Jim Clippard, Principal of The Beekman Group, added, "This transaction is another important milestone in building a diversified software and payments business around Convenient Payments, and we continue to look for complementary businesses that could benefit from their resources." About The Beekman Group The Beekman Group i a private equity firm, based in New York City, dedicated to partnering with management teams to grow companies into market leading businesses. Beekman manages over $800 million of capital and has access to additional capital through strategic co-investment relationships. Beekman focuses on lower middle market investments in service-related sectors including business services, healthcare services, and consumer. Beekman partners with management teams who desire to be significant owners and create meaningful value by accelerating organic and acquisition growth initiatives. The Beekman team consists of experienced private equity professionals, as well as a select group of Operating Advisors, who are leading executives in Beekman's targeted industry segments. This Industry Advisor approach to investing is the cornerstone of Beekman's investment strategy - bringing financial and operational resources to lower middle market companies in order to accelerate growth and create value for all shareholders. For more information, please visit www.thebeekmangroup.com. About Convenient Payments Holdings, LLC Convenient Payments Holdings, LLC is a holding company for business technology companies. Through its Intellipay subsidiary, Convenient Payments provides a full range of technology-driven payments solutions for on-line and card-present transactions, including credit, debit, and ACH/ECheck. To learn more about Intellipay™, please visit: http://www.intellipay.com. About Mainstreet™ Computers Mainstreet™ is a technology company founded in 1982 that provides best-in-class solutions and support for customers in the auto and flat glass industries. Products and services include SaaS, Mobile app for Technicians, Disaster Recovery, Web Design and 24/7 Call Center Services. We help our clients be more productive and profitable. To learn more about Mainstreet™, please visit: https://mainstreetcomp.com About DB Controls Digital Business Controls, founded in 1999 provides customers in the auto and flat glass industries with the products, processes, and technology necessary to perform critical business functions and maintain profitability and efficiency. DBC serves its customers and their teams as dedicated development partners to ensure that the outcome of each project is exactly as expected. To learn more about DB Controls, please visit: https://dbcontrols.com View source version on businesswire.com: https://www.businesswire.com/news/home/20200113005088/en/ |
