News Release
September 30, 2021
Croft & Bender Serves as Financial Advisor to Cumberland Group in its Recapitalization Led by Members of Existing Management
has completed a buyout
Cumberland Group is a leading provider of enterprise technology solutions and services.
Cumberland Group
- Industry Business Services, Technology
- Type M&A Sell-Side
About
Cumberland Group is a leading provider of IT services and solutions. The Company provides a comprehensive offering, expertise and an unmatched commitment to client service when guiding organizations who are making critical technology decisions and investments.
Situation
Croft & Bender was engaged to help the Company's majority shareholders evaluate strategic alternatives for the business. After determining a management buyout would be the optimal outcome, Croft & Bender worked with the Company's shareholders to negotiate the transaction with members of the existing management team.
Result
Croft & Bender successfully negotiated the sale of the Company to members of the existing management team.