September 30, 2021
Croft & Bender Serves as Financial Advisor to Abacus Solutions in its Sale to Fresche Solutions, a Portfolio Company of American Pacific Group
has been acquired by
Abacus Solutions is a world-class IBM i solutions provider.
Abacus Solutions is one of the largest, and growing, IBM i platform-focused providers of cloud, hardware, business continuity, and managed services. For over 20 years, the Company's industry-leading team of architects, engineers, and experts have been providing clients with world-class IBM i solutions.
Croft & Bender was engaged to help the Company evaluate strategic alternatives, including a majority recapitalization or sale of the business. Croft & Bender worked with the Company to conduct management presentations, manage the diligence process, and negotiate with buyers.
Croft & Bender successfully negotiated the sale of the Company to Fresche Solutions, a portfolio company of American Pacific Group.