Arlington, VA – Bean, Kinney & Korman recently represented Productive Programming Inc. (“PPi” https://www.ppi.com/) in its transaction with Crest Rock Partners (http://www.crestrockpartners.com/), a Denver-based private equity firm investing in lower middle market software, technology, services and manufacturing businesses. The strategic growth investment by Crest Rock will enable PPi to accelerate product development and continue expanding its Care Compass software and service solutions to customers nationwide. Quantive Advisors, LLC (https://goquantive.com/), led by its CEO Dan Doran, served as the exclusive sell-side advisor to PPi. See the full press release here: https://www.crestrockpartners.com/news/ppi
Founded in 1996 and headquartered in Verona, Wisconsin, PPi provides software-as-a-service and (“SaaS”) tech-enabled services, including care management software, electronic health records (“EHR”) software, claims processing software, and third-party administrator (“TPA”) services to healthcare and benefits programs across the United States. PPi’s Care Compass software platform provides an end-to-end solution for customer needs across patient management, provider management, regulatory reporting, CRM, and claims processing.
BKK’s transaction team was led by Zack Andrews, with assistance from Evan St. John, Robert Wolfson, and Emad Maghsoudi, and strategic intellectual property counsel from Kandis Koustenis. Eric Ripp, CEO of PPi, commented on its partnering with BKK on the acquisition: “We couldn’t be more grateful to Zack and his exceptional team at Bean, Kinney & Korman for their tireless efforts in helping PPi successfully close our deal with Crest Rock Partners. They worked night and day under our tight timeline to ensure that every detail was handled with precision, that our interests were protected, and that the transaction closed both on time and on budget. Their professionalism, responsiveness, and commitment went far beyond our expectations.”
Bean, Kinney & Korman’s M&A practice group is a leader in middle market M&A transactions in the Washington, D.C. metropolitan area and across the country, representing buyers, sellers, lenders, and private equity groups in acquisitions, dispositions, capital raises and other strategic business transactions. Please contact Zack Andrews at (703) 284-7283 or zandrews@beankinney.com for more information.