December 12, 2018
Croft & Bender Serves as Financial Advisor to 4th Source, Inc. in its Sale to AN Global
Croft & Bender, an Atlanta-based investment banking and private equity firm, is pleased to announce the successful sale of its client, 4th Source, Inc. (“4th Source” or the “Company”), to AN Global.
Headquartered in Tampa, Florida, 4th Source is a leading provider of nearshore software development and IT services to sophisticated clients with complex technology requirements. 4th Source specializes in the support of the complete software lifecycle including the development, testing, deployment and support of custom and packaged applications. 4th Source delivers its services through a hybrid U.S.-Mexico nearshore model, which is ideally suited for modern software development models that require real-time communication and collaboration.
Croft & Bender served as the exclusive financial advisor to 4th Source on the transaction. “Croft & Bender has been a valued and trusted partner to 4th Source throughout the transaction process. They effectively positioned the Company to generate strong interest and provided expert guidance through various complexities to closing. This transaction represents a tremendous outcome for our shareholders, employees and customers.” said 4th Source CEO, Chris Desautelle.
“It was a pleasure to work with the founders, Mark Molinari and Rick McKay, along with Chris Desautelle and the rest of the impressive management team at 4th Source.” commented Bo Briggs, Managing Director at Croft & Bender. “They have built a dynamic company that has a bright future in partnership with AN Global.”