XLCS Partners, Inc., a leading middle market investment bank, is pleased to announce it served as exclusive advisor to Cost Segregation Services, Inc. (CSSI), on its sale to Align Capital Partners (ACP).

Headquartered in Baton Rouge, Louisiana, CSSI is a national provider of cost segregation studies for commercial and residential property owners. Through a robust technology-enabled service model and national network of over 300 external sales representatives, CSSI completes thousands of studies annually that help clients maintain tax compliance and optimize cash flow of real property assets. ACP’s investment represents the first institutional capital in CSSI since its founding in 2003.

ACP is a growth-oriented private equity firm that partners with business owners and management teams to create shared success. ACP manages $1.5 billion in committed capital with investment teams in Cleveland and Dallas. The acquisition of CSSI along with a second related investment have helped ACP establish a specialty tax consulting platform. Today, the company’s core service lines include cost segregation, research and development tax credits, and energy efficiency tax credit consulting services.

“The XLCS team professionally illustrated CSSI’s success history to those interested companies that brought many ‘best of the best’ choices to CSSI to find a business partner,” said Jim Shreve, Founder and CEO of CSSI. “The XLCS managed result was the clear review to attain the best final choice in favor of CSSI and its new investment partner in an efficient timetable. An exceptional proven result.”

Anthony Contaldo, Partner of XLCS, commented “We are excited to have worked with CSSI on a successful transaction. ACP is an excellent partner to help CSSI sustain continued growth in the coming years and we look forward to watching the company further establish its position as a leader in the tax services space.”

XLCS acted as the exclusive M&A advisor to CSSI and the transaction was led by Anthony Contaldo, Partner. The transaction was completed August 1, 2023.

About XLCS Partners, Inc.
XLCS Partners is an investment banking firm providing M&A advisory services to select clients globally. More information is available at www.xlcspartners.com.

XLCS Partners, Inc., a leading middle market investment bank, is pleased to announce it served as exclusive advisor to Globe International Corporation (Globe), on its sale to AFC Industries (AFC), a portfolio company of Bertram Capital.

Founded in 1950, Globe is a global supplier of OEM fasteners, garage door hardware, and galvanized aircraft cable. Based in Philadelphia, Pennsylvania, the company specializes in value-added kitting and related services. It holds a leading market position in the overhead door industry, serving as a critical supply chain partner to leading OEMs and specialty distributors of garage doors, parts, and accessories. Other industries served include industrial and residential fence, industrial OEMs, furniture, and solar.

“Since Globe has been in our family for three generations, the decision to embark on this journey is one that we did not take lightly,” said Globe co-owner Steve Weissman.  “XLCS served as an invaluable advisor to guide us through this process. Anthony and Jay both had a tremendous understanding of our business and the overall landscape of the industrial fastener market. That industry knowledge was critical in finding the right partner and assisting us through every stage of the journey.”  

Headquartered in West Chester, Ohio, AFC Industries is a dynamic organization dedicated to providing supply chain management solutions on small components and tooling for a diverse base of manufacturers and assemblers across a broad range of industries. Through its experienced team and global resources, AFC excels at making customer manufacturing and assembly processes more efficient and cost-effective.

XLCS acted as the exclusive M&A advisor to Globe, and the transaction was led by Anthony Contaldo, Partner and Jay Cremer, Vice President. The transaction was completed February 29, 2024, and marks the firm’s nineteenth fastener and industrial distribution transaction.

About XLCS Partners, Inc.
XLCS Partners is an investment banking firm providing M&A advisory services to select clients globally. More information is available at www.xlcspartners.com.