733Park Facilitates Successful Acquisition of CDE Services, Inc. by Milestone Partners

In a recent transaction, 733Park, a leading mergers and acquisitions advisory firm, has played a pivotal role in advising CDE Services, Inc. in its acquisition by Milestone Partners, a prominent private equity firm. The acquisition marks a significant milestone for both companies, as they join forces to capitalize on the evolving market opportunities in the technology-enabled services and financial solutions industries.

As the deal's advisor, 733Park has successfully facilitated the acquisition, leveraging its expertise and experience in the payments and software sector. The firm's founder, Lane Gordon, expressed his delight in representing CDE Services, stating, "We are beyond happy to have advised CDE Services in their acquisition by Milestone Partners. It was a pleasure to represent CDE and to bring this transaction to fruition; we are sure that both teams will encounter more successes together."

The acquisition comes at a time when the second half of 2023 has seen a surge in buyer activity, with a growing number of companies adjusting to the "new" interest rate environment and returning to the market. 733Park remains optimistic about the payment industry and SaaS M&A transaction volume, as well as valuations heading into 2024.

Milestone Partners, specializing in partnering with management on investments, focuses on leveraged buyouts and recapitalizations of lower middle-market businesses in technology-enabled services and financial solutions industries. With a track record of success and a commitment to identifying niche, high-margin segments, Milestone Partners has positioned itself as a leader in the private equity space.

733Park, headquartered in Boston, is the market maker of choice for ISOs, merchant portfolios, ISVs, and SaaS. Led by Lane Gordon, a seasoned M&A veteran with over 20 years of experience, 733Park represents payments and software companies seeking successful exits, as well as buyers looking to execute strategic acquisition or roll-up strategies. The firm specializes in mergers and acquisitions within the payments, fintech, SaaS, and ISV sectors.

The acquisition will significantly enhance the capabilities of CDE Services, Inc., a company that provides fully integrated payment processing solutions and ancillary products to a rapidly expanding recurring revenue base of 24,000 merchants and retailers. CDE Services specializes in electronic benefits distribution (EBT) and credit/debit processing for convenience stores, grocery stores, and pharmacies. The company's integrated solution also includes applications such as over-the-counter (OTC) insurance product benefits, age verification, and digital couponing. Furthermore, CDE Services offers customized point-of-sale device encryption, deployment, and activation services for industry-leading strategic partners.

The acquisition of CDE Services, Inc. by Milestone Partners underscores the continued growth and potential within the technology-enabled services and financial solutions industries. By combining their resources, expertise, and industry knowledge, both companies are well-positioned to capitalize on emerging opportunities and deliver innovative solutions to their clients.

Milestone Partners' extensive experience in leveraged buyouts and recapitalizations, coupled with 733Park's deep understanding of the payments and software sector, will create a formidable force in the market. The collaboration between these two entities will likely drive further growth, expansion, and success in the years to come.

In conclusion, 733Park's successful advisory role in facilitating the acquisition of CDE Services, Inc. by Milestone Partners showcases the firm's expertise in the mergers and acquisitions space. The acquisition sets the stage for the combined entity to leverage their strengths and capitalize on the evolving market dynamics. With a focus on technology-enabled services and financial solutions, the newly formed partnership is well-positioned for sustained growth and success in the industry.