Scale Finance LLC announces the successful closing of the sale of Network Communications Technology Inc. (www.nct.com) to Black Box Network Services, Inc. (NASDAQ: BBOX, www.blackbox.com). Scale Finance Managing Director, Dave Gilroy, provided exclusive advisory support end-to-end through this M&A process. Also, Ken Wright, a Scale Finance Senior Controller currently, provided extensive finance and accounting support and working capital management throughout the diligence process in recent months to ensure a smooth closing.
NCT, Inc., backed by private equity group, NewSpring Ventures a London company, is well recognized since 1993 as the largest and best network infrastructure company in the Southeast with approximately 120 employees operating out of 6 locations (including Charlotte and Raleigh) and serving more than 2,000 customers. Black Box is a national provider of communications and infrastructure solutions – a value-added reseller of platforms and applications that designs, builds, and maintains complex voice and data networks. Headquartered in Pennsylvania, Black Box has the largest footprint in the industry, with 189 offices in 141 countries and nearly 4,300 employees.
John Hart, President of NCT, Inc. commented, “I have worked with Scale Finance’s Dave Gilroy for many years; his deep experience in corporate M&A and recapitalizations proved essential to us in managing through the toughest stages of this transaction and getting to a great outcome. The combination of hands-on, intensive financial management and strategic advisory support, at a fee structure dramatically more cost effective than typical investment bankers, was perfect for NCT’s situation.”
Dave Gilroy commented, “This transaction exemplifies our unique cost-effectiveness – we simply save companies major dollars when it comes to financial management, raising capital, or selling the business relative to alternatives like boutique investment banks or over use of full-time staff or outside CPA firms.
About Scale Finance Scale Finance LLC (scalefinance.local) provides professional CFO services, Controller solutions, and support in raising capital, or executing other transactions, to growth companies. The firm specializes in costeffective financial reporting, budgeting and forecasting, implementing controls, other financial management, etc, and provides strategic help for companies raising growth capital or considering M&A/recapitalization opportunities. Most of the firm’s clients are fast-growing technology, healthcare, business services, consumer, and industrial companies that are at various stages of development from start-up to tens of millions in annual revenue. Scale Finance LLC has offices in Raleigh/Durham, Charlotte, and Winston-Salem, a team of more than 18 professionals, and serves more than 30 companies throughout the region.