The transaction is expected to close in early 2025.
The investment from Renovus will enable Performive to continue to build out its solution offerings, grow its team, and pursue acquisitions.
The sellers are Cemex and Advent International.
Oliver will continue to operate under its current management team led by CEO Mitch Summerfield.
The deal provides an exit for Aliter Capital.
This sale completes NorthEdge’s exit from SME Fund.
Consumer & Retail news
Fitcrunch is headquartered in Bohemia, New York and Bakery Barn is based in Pittsburgh.
Jacob Thomas will serve as the CEO of the new standalone business that will operate under the name Grain & Protein Technologies.
Paytronix was founded in 2001 by executive chairman Andrew Robbins.
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