Software applications that provide safety communications such as incident alerts and announcements have enabled schools and organizations to effectively handle emergency situations. Recently, CMM successfully facilitated a multi-million-dollar transaction for a software company specializing in developing this vital software for schools, healthcare facilities and various organizations. Deal team Vincent Costa, Marc Saracino, and Zachary Mike structured the complex transaction as a spinoff and a merger. CMM formed a new corporation for the seller, spun off the hardware assets, and transferred all debt, equity, and options to the newly formed corporation. The existing corporation, which now only contained the purchased SaaS assets, was merged into a subsidiary of the buyer, which became the surviving entity. Consideration for the merger was paid in cash and rollover equity at closing and an earnout based on revenues for a three-year period moving forward.
Alan Sasserath, Managing Partner of Sasserath and Co., was an integral part of the team with respect to deal structure and tax advice. Paralegal Cailey McByrne’s efforts helped push the complicated deal to closing.
CMM has the experience to handle the most complex M&A transactions. Contact us today.