Executive Financial Advisor
DENVER (2015) – Class VI Partners (formerly CapitalValue Advisors (“CVA”)) is pleased to announce the acquisition of Linko Data Systems, Inc. (“Linko”) by WaterTrax, Inc. (“WaterTrax”). Class VI Partners served as the exclusive financial advisor to Linko.
“We were honored to have been provided the opportunity to participate in this transaction and work with the Linko team,” said Zack Gibson, Vice President at Class VI Partners. “Mike Connolly and his team have built an impressive organization with an inspiring legacy of innovation and success; we know WaterTrax will be a great home for the business and are enthusiastic for its continued expansion.”
Business Acquisition
Founded in 1994, Linko has established itself as the leading supplier of industrial pretreatment, FOG and liquid hauled waste software to municipal agencies nationwide. The company’s customers include municipal wastewater districts, wastewater treatment plants, sanitation districts, and haulers and disposers of liquid waste. Customers have selected Linko for over two decades due to its industry-leading software, vast implementation experience, and unmatched support.
Established in 2000, WaterTrax has a growing client list of leading municipalities and agencies that manage over 4,000 water and wastewater systems across North America. The company offers a suite of cloud-based data management software products to help water and wastewater utilities manage water quality data to ensure regulatory compliance and operational excellence.
In combination, WaterTrax and Linko will now provide a complete suite of water and wastewater software tools serving the compliance, bylaw and ordinance enforcement, and water quality data management needs, with a strong market share of industry-leading clients across North America.
Lance Neale, CEO of WaterTrax, commented: “In the municipal market, where the need to provide automated data management is growing, the WaterTrax and Linko team is well situated to make leading-edge improvements in the lives of our existing and future clients.”
“The team at Class VI, specifically Zack and Bates, made my deal possible,” noted Mike Connolly, President of Linko. “As an entrepreneur who developed the business over twenty years, it was extremely challenging for me to be objective in the negotiations. Their commitment to understanding our business allowed us to negotiate the intricacies and challenges of our deal successfully. They provided down-to-earth advice and represented Linko’s interests very well. Their experience and professionalism impressed the WaterTrax team, which promoted effective communications as we moved through the discovery, due diligence and documentation phases. We would not have been able to do our deal without Class VI.”
The transaction was closed on February 11, 2015.
About Class VI Partners
Class VI provides middle-market investment banking services, including mergers and acquisitions advisory, corporate advisory, business valuation, and private capital raising services through its affiliate, Class VI Securities, LLC and Member FINRA. Class VI is also affiliated with and offers wealth management services through Class VI Family Office, LLC, a Registered Investment Advisor with the Securities & Exchange Commission.
Mike Connolly, President of Linko, is a client of Class VI Partners and is not being compensated for sharing their opinion and experience with the firm. Any compensation creates a conflict of interest. Comments by Mike Connolly may not be representative of any other person’s experience with the firm and are no guarantee of future performance or success.
Additional Disclosures
Investment advisory services offered through Class VI Partners’ affiliate Class VI Family Office, LLC, a Registered Investment Adviser with the U.S Securities and Exchange Commission. Class VI Partners offers investment banking and private securities transactions through its affiliate, Class VI Securities, LLC. Class VI Securities, LLC is a registered broker/dealer and member of the Financial Industry Regulatory Authority (FINRA). Class VI Pathfinder, LLC provides general business consulting to privately held businesses. Collectively these entities are referred to herein as “Class VI”.
Testimonials may not be representative of the experience of other customers. Any promotion, either via testimonial or endorsement, is unpaid (in cash or non-cash form) and does not guarantee future performance or success. We believe that all information provided is from credible and reliable sources. This information does not constitute advice or a recommendation or offer to sell or a solicitation to deal in any security or financial product. It is provided for information purposes only and on the understanding that the recipient has sufficient knowledge and experience to be able to understand and make their own evaluation of the proposals and services described herein, any risks associated therewith and any related legal, tax, accounting or other material considerations.