San Diego, CA- July 26, 2016 – Objective Capital Partners, a leading middle market investment bank focused on transactions for companies with enterprise values up to $500 million, is pleased to announce the completed strategic investment in Del Mar Recovery Solutions (“Del Mar”), a leading provider of a comprehensive range of automotive asset recovery and repossession management services, by TZP Growth Partners I, L.P. (“TZP Growth”). TZP Growth is a private equity fund focused on investments in growing business and consumer services companies and part of the TZP Group family of funds. Objective Capital Partners served as financial advisor to Del Mar.
“TZP’s investment accelerates our ability to invest in technology and systems, recruit top-tier talent, and expand the breadth of services we offer to our customers,” said Josh Elias, Founder and CEO of Del Mar. “Objective Capital Partners provided tremendous value throughout the entire process including providing financial leadership, strategic options assessment, and guidance through the entire due diligence and negotiation process. Objective Capital Partners worked as a true partner in helping me achieve my objectives.”
“Del Mar’s management team have achieved great success and positioned the business for ongoing leadership in the repossession management segment”, said Trever F. Acers, a Managing Director at Objective Capital Partners. “Del Mar has gained a strong partner in TZP, with whom it will be able to continue to expand the value Del Mar provides its customers. We are pleased to have delivered a great outcome for the company and its owners.”
About Objective Capital
Objective Capital Partners is a leading M&A investment banking firm whose Principals have collectively engaged in more than 500 successful transactions serving the transaction needs of growth stage and mid-size companies. The executive team has a unique combination of investment banking, private equity, and business ownership experience that enables Objective Capital Partners to provide large enterprise caliber investment banking services to companies with annual revenues up to $500 million. Services include sale transactions, equity and debt capital raises and comprehensive advisory services. The firm uses a proprietary process to work to achieve maximum company valuation, premium pricing, and high client satisfaction rates post-sale. The firm’s industry expertise includes: life sciences, business services, software and hardware technology, aerospace/defense, IT services, healthcare services, energy services, biotech, consumer products and specialized manufacturing. Securities and investment banking services are offered through BA Securities, LLC Member FINRA, SIPC. Trever Acers is a Registered Representative of BA Securities. Objective Capital Partners, LLC and BA Securities, LLC are separate and unaffiliated entities. Additional information on Objective Capital Partners is available at www.objectiveibv.com.
About Del Mar Recovery Solutions
Del Mar Recovery Solutions is a leading provider of a comprehensive range of automotive asset recovery and repossession management services to leading automotive lenders including banks, credit unions, title lenders, captive lenders, and specialty finance companies. Founded in 2011 and based in Carlsbad, CA, Del Mar specializes in skiptracing, national repossession management, license plate recognition, and specialty recovery services. For more information, please visit www.delmarrecovery.com.
About TZP Group
TZP Group, a private equity firm with assets under management of more than $700 million across its family of funds, is focused on investments in business and consumer services companies. Founded in 2007, TZP targets companies with solid historical profitability and sustainable value propositions and aims to be a “Partner of Choice” for business owners and management teams. TZP seeks to invest primarily in closely-held, private companies where the owners desire to retain a significant stake and partner with an investor with complementary operating and financial skills to accelerate company growth, increase profitability, and maximize the value of their retained stake. TZP leverages its investment professionals’ operating and investment experience to provide strategic and operational guidance and is dedicated to long-term value creation. For more information, please visit www.tzpgroup.com.
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Objective Capital Partners Contact:
Trever Acers, Managing Director
The above testimonials may not be representative of the experience of other customers and is no guarantee of future performance or success.
This news announcement is for informational purposes only and does not constitute an offer, invitation or recommendation to buy, sell, subscribe for or issue any securities. While the information provided herein is believed to be accurate and reliable, Objective Capital Partners and BA Securities, LLC make no representations or warranties, expressed or implied, as to the accuracy or completeness of such information. All information contained herein is preliminary, limited and subject to completion, correction or amendment. It should not be construed as investment, legal, or tax advice and may not be reproduced or distributed to any person.