We are pleased to announce a majority recapitalization for our client, Reliant Account Management, by Westshore Capital Partners. Coil acted as exclusive financial advisor to Reliant Account Management.
Founded in 2009, Reliant Account Management ("RAM" or the "Company") is a specialized independent third-party payment processor and trust accounting company. Utilizing a best-in-class software platform that seamlessly integrates into multiple counterparty management information systems, RAM is rapidly growing into the industry leader and gaining market share as the payment processor of choice for consumers and debt resolution companies.
"The Coil team proved to be uniquely invaluable in navigating us through all stages of the transaction," said Greg Winters, President of RAM. "We now understand the importance of retaining an investment banking team that has the depth of knowledge and capabilities in managing both the transactional and the relational elements of bringing on institutional capital partners."
Advising the owners and RAM management, Coil was successful in sourcing the Company's first institutional capital partner with Westshore Capital Partners, a leading private equity firm focused on small-to-midsized growth companies. The completion of this majority recapitalization, which included debt financing from Capitala Group, represents a significant milestone for both the Company and its management team and positions RAM to aggressively pursue its growth objectives.