HDM Corp. Completes Sale of its Qwik+Cross Division to Capario in Deal Negotiated by W. G. Nielsen & Co.
DENVER, May 15, 2009 -- W. G. Nielsen & Co., a leading Denver-based investment banking firm, announced that it successfully negotiated the sale of Qwik+Cross, the Medicare claims processing division of Omaha-based HDM Corporation to Capario, a Marlin Equity Partners (“Marlin”) portfolio company. Terms of the deal were not disclosed.
“This transaction was challenging due to a variety of factors, including a difficult economic environment which creates obstacles to closing transactions. However, we found a financial purchaser with a synergistic portfolio company that is the perfect partner for the Qwik+Cross division of HDM. They have the culture and focus to make the whole greater than the sum of its parts,” said Taylor Kirkpatrick, Vice President of W.G. Nielsen & Co.
W. G. Nielsen & Co. specializes in developing creative and mutually beneficial matches for company buyers and sellers. “W.G. Nielsen understood that culture was a high priority for me in this transaction, and making sure that we took care of our obligations with employees, clients and vendors. Blake Nielsen and Taylor Kirkpatrick were essential in negotiating this transaction successfully,” said Lisa Lechowicz, CEO and Founder of HDM. “W.G. Nielsen & Co. went above and beyond to be my advocate and really helped me through this nuanced transaction.”
“We are excited about the addition of Qwik+Cross to Marlin’s portfolio of companies,” said George Kase, Partner of Marlin Equity Partners. “Lisa and her team will be complementary to our existing platform and we are confident the new company will take advantage of enormous growth potential in the claims processing sector.”
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About HDM Corp
HDM Corp. is a woman-owned, Omaha-based company dedicated to helping its nationwide clients find a better way to administer health care. HDM Corp. recognizes that there is no single solution that satisfies every clients' needs
The Company develops customized solutions to meet the unique needs of its customers. To learn more about HDM Corp., visit www.hdmcorp.com
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About Marlin Equity Partners
Marlin Equity Partners is a Los Angeles, California-based private investment firm focused on providing stakeholders with tailored solutions that meet their business and liquidity needs in special situations.
Since 2005, Marlin Equity Partners, through its group of funds and related companies, has successfully completed over 20 acquisitions across a variety of industries. For more information, please visit www.marlinequity.com.
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About W.G. Nielsen & Co.
W.G. Nielsen & Co. is a Denver-based investment banking firm that specializes in mergers and acquisitions (sell side and buy side advisory services) and structured and leveraged financing transactions. W.G. Nielsen & Co. is the dominant independently owned FINRA investment banking firm in the region offering clients innovative financing solutions. The Company enables select mid-sized clients to achieve their goals through strategic alliances, industry experience, and proven methodologies. Since the company’s inception in 1996, W.G. Nielsen professionals have completed transactions valued in excess of $4 billion. For more information, please visit www.wgnielsen.com.
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