Chicago investment banking firm Madison Street Capital accepted to be client Sachs Capital Group’s sole advisor in the acquisition of private company RMG Networks.
Through Madison Street Capital, Sachs Capital Group tapped debt facility provider Merion Investment Partners and Virgo Capital to assist in providing funds to close out the transaction in a timely fashion. Sachs Capital Group acquired RMG Networks to get control of its digital signage business, distribution of hardware, proprietary software, and the many services offered to companies on the Fortune 100 list.
Madison Street Capital put Senior Managing Director Barry Petersen in charge of leading the Madison Street team through the acquisition process.
According to a statement by Gregory H. Sachs, Sachs Capital Group’s CEO, the transaction wen tout without a hitch thanks to the advising team. With Madison Street Capital, Sachs had access to influential relationships that led to the proper sources for funding the transaction while also getting the benefit of expertise that comfortably carried them to end.
Petersen expressed a similar attitude with respect to their working relationship now that the transaction is over. Now Petersen sees the benefits Sachs Capital Group will have now that they’re in control of RMG Networks. Sachs Capital Group can now tap into a new market and expand rapidly thanks to the development of cloud storage and digital signage techniques that will make use of the power of new communication platforms.
With the company changing hands, things have changed for stockholders. Those with shares of RMG Networks ceased trading the company on the NASDAQ Stock Exchange on September 28, 2018. As detailed in the transaction, those in possession of RMG Network stocks received a payout of $1.29 a share.
About Madison Street Capital:
Madison Street Capital is an investment banking firm located in the city of Chicago. Dedicated to continuing a history of integrity, innovative leadership, and overall excellence, the Madison Street Capital reputation has remained one that attracts notable clients in the worlds of business and finance. Their role as financial counsel allows them to walk clients through the processes of mergers and acquisitions, and the valuations of public and private businesses.
Madison Street Capital gets to know their clients, sets up goals, and sets out to meet them together. This commitment to the client’s vision for their business allows for the development of effective strategies that make sense of the global economy so that the agreed upon vision becomes reality.