Citizens M&A Advisory served as the exclusive financial advisor to TopBloc, a services, deployment and support provider for Workday, in its recapitalization by BV Investment Partners.

“TopBloc is obsessed with innovation and customer satisfaction. Our goal is to leverage new ideas, methods and systems to make Workday available to the broadest possible audience, while also delivering insights that drive more strategic decision-making and employee engagement,” Christopher Skinner, CEO and co-founder of TopBloc, said. “With the support of the BV investment team, we will be better able to help more customers achieve higher-quality Workday implementations in less time and at lower cost.”

TopBloc is based in Chicago and offers initial and phased Workday implementations, help desk technical and functional support and managed payroll services across a range of industries, including technology, financial services and business services.

“Chris Skinner and the other founding partners at TopBloc have done an outstanding job delivering Workday implementations and related services using a disciplined and technology-driven approach,” Don Holbrook, managing director at Citizens, said. “Their reputation for excellent service, the new partnership with BV, and the leadership team in place will allow for continued growth in the years to come. We were proud to leverage our deep knowledge of the Workday ecosystem to find TopBloc an ideal partner in BV.”

Citizens M&A Advisory specializes in middle-market mergers and acquisitions as well as later-stage financing transactions. The Citizens team has closed more than 130 transactions in the last five years and has more than 80 M&A professionals specializing in a range of industries across the United States. Citizens M&A Advisory is part of Citizens Capital Markets, a subsidiary of Citizens Financial Group.

“The project management and guidance from the Citizens team was the driving force behind our wildly successful investment process,” Skinner said. “From top to bottom, Don and the team were wholeheartedly engaged and responsive throughout the duration of this major milestone in TopBloc’s history. Their knowledge of the tech services sector, Workday ecosystem and buyer universe created an extremely competitive process that we were able to execute on a very efficient timeline.”