Class VI Partners (“Class VI”) is pleased to announce the acquisition of Zivaro, Inc. (“Zivaro” or the “Company”) by Trace3 (“Trace3”). The acquisition will allow for the creation of a new business vertical to be known as Trace3 Government (“T3G”), unlocking new expertise in government, critical infrastructure, and the public sector.
Greg Byles, CEO and Co-Founder of Zivaro, said, “We engaged Class VI’s Pathfinder team to initially prepare us to go to market, and then transitioned to Class VI’s Investment Bank to assist us throughout the process of selling our business. From the outset, Class VI set clear expectations, identified areas where we could improve, expertly navigated a competitive M&A process, and negotiated key terms on our behalf. Their strategic guidance and deep expertise facilitated a swift and successful transaction, resulting in a partnership that is the right fit for Zivaro. The Class VI team has become trusted advisors, and we greatly appreciate their approachable and composed demeanor throughout the entire process.”
“Deciding to sell your business is a significant step for any entrepreneur, and having a trustworthy investment banking partner is crucial. Our experience with Class VI Pathfinder prior to the sale was invaluable, providing us with insights into the clarity and effort required for effective documentation and a successful transaction. By understanding key valuation elements well in advance, we were able to strengthen our processes and documentation to support critical valuation factors. The Class VI Investment Banking team went above and beyond, working tirelessly to prioritize our best interests throughout the sale, and for that, I am deeply grateful.” said Glenn Smith, President and Co-Founder of Zivaro.
“Class VI has been fortunate to work with the Zivaro leadership team for several years, and we could not be happier with this outcome for both organizations. Zivaro built an incredible company, and it was truly empowering to see their dedication, focus, and hard work pay off in many ways. As we look ahead, we are excited about the Company’s continued growth in its new partnership with Trace3,” said Peter Bessone, Vice President for Class VI.
Founded in 1998 and headquartered in Denver, CO, Zivaro has built its reputation as an industry leader, delivering specialized solutions for its customers. The Company’s expertise spans software engineering, managed hybrid cloud, application modernization, platform and public sector system integration, and managed SIEM services, all supporting critical infrastructure markets and advancing our nation’s mission in the space and missile domains.
“Our acquisition by Trace3 enables our combined companies to leverage collective engineering, sales, and functional capabilities to create new opportunities for team members, improve technology strategy for our clients, and deliver greater value to our partners,” said Tom De Angelis, Zivaro Chief Revenue Officer. “We are thrilled to be part of the Trace3 team.”
“The joint value our clients will receive from Trace3’s integration of Zivaro promises to be significant,” said Trace3 CEO Rich Fennessy. “Integrating Zivaro’s public sector and critical infrastructure expertise into the Trace3 portfolio of end-to-end solutions will drive true business transformation for both Trace3 and Zivaro clients, as well as our collective partners.”
Trace3 delivers business transformation. The firm consults on, integrates, and operates convergent solutions across data, security, and cloud that embrace emerging technology and drive measurable business value for its clients.
The transaction closed on December 16th, 2024. Clark Hill PLC served as legal counsel to Zivaro, and Benesch, Friedlander, Coplan & Aronoff LLP served as legal counsel to Trace3.
For more information about the transaction, please contact Peter Bessone at (303) 243-5606 or pbessone@classvipartners.com, and Riley Bell at (303) 243-5609 or rbell@classvipartners.com.
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.
Greg Byles, CEO and Co-Founder of Zivaro, Glenn Smith, President and Co-Founder of Zivaro, and Tom De Angelis, Chief Revenue Officer at Zivaro, are clients of Class VI Partners and are not being compensated for sharing their opinion and experience with the firm. Any compensation creates a conflict of interest. Comments by Greg Byles, Glenn Smith, and Tom De Angelis 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”.
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