Caltius Structured Capital provided subordinated debt and equity to support Spinnaker Support’s continued capital growth, portfolio expansion and geographic reach.
Founded in 2008, Denver-based Spinnaker Support is a provider of third-party support and managed services, primarily for Oracle and SAP enterprise software and technology products. The company’s award-winning services are delivered at significant cost savings and keep business-critical software available, secure, compliant and interoperable.
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“The Caltius team was knowledgeable and thorough, and ran a very smooth diligence and closing process,” said Matt Stava, CEO of Spinnaker Support. “With their help, we will expand market share more rapidly and build incremental value through continued organic growth and strategic acquisitions.”
