Capital Southwest supported Align Capital Partners’ recent acquisition of Electronic Transaction Consultants from Italian parent company Atlantia SpA with a revolver, first lien term loan and equity co-investment.
Capital Southwest led the financing transaction and will act as the sole administrative agent on the credit facility. Main Street Capital and Principal Global Investors, an affiliate of Principal Financial Group, were co-lenders on the term loan and the revolving credit facility.
“We are excited to partner with ACP and ETC. ACP brings extensive experience investing in the technology and business services sectors and we look forward to supporting ETC to invest in its technology and team to build out its mobility-as-a-service platform,” Douglas Kelley, managing director of Capital Southwest, said.
Grant Eason, vice president of Capital Southwest said, “ETC is a critical technology partner to a number of the largest tolling authorities in the country and is well-positioned to leverage its leading technology suite for new projects and agency relationships.”
Headquartered in Richardson, TX, ETC is an industry-leading software and services provider of electronic tolling technology and smart mobility solutions. Founded in 1999, ETC serves electronic tolling agencies by providing back office and roadside services through its next-generation, modular software platform. The company’s proprietary software utilizes artificial intelligence technology and big data to meet unique tolling and transportation needs at a lower cost to the customer.