Jeff Drazan’s Firm, Bertram Capital Selected as Finalist for
10th Annual M&A Advisor Awards
Acquisition of Procon and Enfotrace Finalist for Lower Middle-Market Deal of
the Year Award
Bertram Capital is pleased to announce that their February 2011 acquisition
of Procon and Enfotrace was selected as a finalist for the Lower Middle-
Market Deal of the Year Award for the 10th Annual M&A Advisor
Awards. The M&A Advisor announced a record 389 nominations
representing over 500 company submissions and will announce the winners
at the Awards Gala on December 13th at the New York Athletic Club in New
York City.
“We are honored to be recognized by the M&A Advisor for completing a
complex transaction that hinged on our ability to close the deal quickly and
with certainty due to our captive debt facility and by demonstrating to the
existing management team our shared vision for the enormous growth
opportunities in the market,” said Jeff Drazan, Managing Partner at Bertram
Capital. “This transaction brings together the two largest providers of risk
mitigation products, most notably GPS tracking solutions and payment
protection systems, to the North American subprime automobile finance
industry.”
“We had been looking for an institutional partner that shared our vision and
enthusiasm for the opportunity ahead,” said Brian Boling, CEO of
Procon.“The partnership with Jeff Drazan and his team which is led by Jared
Ruger at Bertram Capital will enable us to provide our customers with
breakthrough technology solutions and superior customer service.
Additionally, we will re-invest in our business to develop new market
opportunities and execute select strategic acquisitions, such as the purchase
of an intellectual property portfolio we just completed.”
The acquisition of the two companies will enable each to significantly
accelerate growth as they look to expand into other industry verticals and
leverage their expertise in asset tracking applications. “Given the forecasted
growth in the business, we envision this investment will lead to sizeable job
creation opportunities,” Said Jeff Drazan. Since the close of the transaction
in mid-February, we have already hired a number of key sales, finance, and
software executives to supplement the already stellar management team.”