Company Information:
Transact Capital Partners, based in Richmond, Virginia, specializes in business sales and acquisitions, along with other financial advisory services. Our Business Brokerage Group represents small business owners in the sale of their companies--from the initial valuation to closing. Our Investment Banking Group is focused on small to middle-market private companies with enterprise values of $2-$25 million. And our Commercial Real Estate Group provides the other divisions with the needed expertise and resources to handle all parts of a complex transaction. Our total team of experienced advisors offers you professional, competent and confidential attention that may not be available to you by the larger investment banking firms. Call us today to discuss your business needs with one of our professionals.
Our services fall into four general categories:
Seller Services: business sales and brokerage
Buyer Services: business acquisitions
Valuations: business pricing and valuation opinions
Financial Advisory Services: general investment banking, capital funding, debt placement, owner buyouts
Background:
Steve is managing director and co-founder of Transact Capital Partners. He has over 25 years of financial related experience, including lead roles in numerous acquisition and divestiture transactions, debt financings and capital fundings.
As a certified public accountant, Steve's early career included serving as senior auditor in the Richmond office of Ernst & Young. He later served as audit director of a Fortune 1000 company and performed operational audits, acquisition and due diligence reviews for its manufacturing, publishing and communications divisions.
From 1993 to 2000 Steve served as corporate treasurer of Media General, Inc., a $900 million media conglomerate where his responsibilities included debt and treasury operations, corporate budgeting, strategic planning and growth initiatives. During this time he led the corporate valuation and due diligence teams in acquiring over a dozen media and related enterprises totaling well over $1 billion. He structured several private placements and bank credit facilities to support this rapid growth, and led major re-engineering and process improvement initiatives to improve cash flows.
In 2001 Steve set up a private practice, which later became Transact, to assist early-stage and small companies in financial advisory services, including acquisitions, fund-raisings and strategy formulation. He negotiated the successful acquisition of a $3.5 million catalog production company based in Atlanta. He also completed two private equity fund-raisings, including $1.5 million in 2002 to support the acquisition. Creative client financings included a $1 million asset-backed secured credit line for a small company to support working capital and growth.
Steve has served as a board director for Hoovers, Inc., a publicly-traded business information company, since 1997. As a director, he assisted the company in launching a successful IPO in 1999, served on the finance, nomination and CEO search committees and chaired the audit committee. In this capacity, he and the board worked with S. G. Cowan in 2002 to solicit acquisition bids for the company, and successfully sold all the stock of Hoovers to Dun & Bradstreet for over $100 million in March 2003. Steve currently serves on the board of another publically traded company and serves on its audit committee.
Steve holds a B.S. degree from the University of Virginia with concentrations in accounting and finance. He is a past board director for the Richmond chapter of the Association of Corporate Growth, and member of the Financial Executives Institute.
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Areas Served:
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Richmond City County, Virginia.
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