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."