Lafayette Square USA provided a senior secured credit facility to support RM Capital Partners’ platform investment in Samaha & Associates, a technology-driven consulting firm serving credit unions and banking institutions.
Founded in 1998 and headquartered in Miami, Samaha provides end-to-end advisory services to U.S. financial institutions spanning core system conversions, vendor contract negotiations, digital banking implementations, electronic funds transfer migrations and merger-related technology integrations. The company has completed over 500 engagements for more than 200 credit union clients, generating more than $200 million in negotiated savings since inception.
“Samaha is exactly the kind of business our portfolio is built around: a market leader with a defensible position, nearly three decades of demonstrated value, and a client base that keeps coming back,” said Blair Badham, managing director at Lafayette Square. “The credit union sector is in the middle of a multi-year technology modernization cycle, and Samaha’s vendor-agnostic, execution-focused model is well-positioned to serve that demand. We are glad to support Samaha and its employees as they build on a 28-year track record.”
“Samaha has built an unrivaled reputation for delivering bespoke technology solutions that consistently exceed client expectations, and we are thrilled to partner with Adam and the team as they enter this next chapter of growth,” said Ruslan Matveyev, Managing Partner of RM Capital Partners. “The Company’s dedication to quality, innovative processes, and industry-defining client service ensures Samaha will continue to provide a trusted, boutique-level experience as it scales. We see a clear path to enter exciting new market segments and look forward to working alongside Lafayette Square as a collaborative and aligned capital partner.”
“For nearly 30 years, this firm has grown from a single guiding principle: people helping people. That ethos lives in every relationship and engagement we take on,” added Adam Denbo, President and Chief Executive Officer of Samaha & Associates. “The credit union movement is navigating one of the most substantial technology transitions in its history, and this partnership gives us the capital and support to guide more institutions through that journey. I am proud to lead this team into the next era.”
Beyond capital, Lafayette Square introduces its portfolio companies to Worker Solutions, a services platform advising clients on human capital practices and facilitating introductions to third-party employee benefit service providers with the goal of reducing turnover and operational risk while improving job quality, retention and productivity.
