Daily News: February 26, 2015

Breakaway Finances Wave Technology Facility

Breakaway Capital Partners Fund funded a senior facility to Wave Technology Solutions Group. The Wave transaction represents Breakaway Capital Partners Fund’s second investment in 2015.

“Breakaway Capital is a great partner for Wave. They were creative and flexible. Equally as important is the wealth of experience and relationships that Breakaway’s principals bring to an entrepreneurial owned and managed company like ours,” said Matt Vaezi, chairman and CEO of Wave Technology Solutions Group.

Warren Woo, managing partner of Breakaway Capital Partners Fund, said, “We are thrilled to provide financing to Wave. Matt and his management team have built a quality company by providing value-added solutions to its broad base of Fortune 1000 and municipality customers. This transaction is representative of Breakaway’s strategy to provide complete one-stop financing solutions for lower middle market companies, financial sponsors and independent sponsors.”

Irvine, CA-based Wave Technology Solutions Group is a consulting services organization.