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CHATTANOOGA, Tenn. (November 5, 2010) – FourBridges Capital Advisors today announced the successful completion of a strategic partnership between Chattanooga-based Services Select and Atlanta-based 2 Peak Performance. Services Select researches, evaluates, and nominates exceptional companies for the exclusive, federally-registered “Seal of Satisfaction” award. The Seal of Satisfaction recognizes companies for a commitment to business excellence and customer satisfaction. Based in Atlanta, 2 Peak Performance provides business training and service solutions.
“This new business training and service solution component for already exceptional Seal of Satisfaction recipient companies will provide a vehicle for taking these companies to an even higher level of business excellence, and for increasing customer satisfaction, so the consumer is a big winner too,” said Gary Miller, Chief Executive Officer of Services Select. “This new training component will be managed by Executive Directors in each market.” Services Select engaged FourBridges to evaluate various strategies for expanding the Company nationwide, in a manner that would also enhance the reputation of Seal recipient companies in their respective local markets. One of the strategies identified was to create an alliance with a group such as 2 Peak Performance that could provide additional value and business resources for Seal of Satisfaction recipient companies. “The FourBridges team did a great job of evaluating our current platform, canvassing the market for value added strategic partners and then providing guidance and suggestions for structuring the alliance”, said CEO Miller. “Their past experience as operating executives provided extremely valuable insight and perspective as we went through the process.” “We enjoy working with high growth companies and helping owners identify and achieve their objectives,” said FourBridges Managing Director Andy Stockett. “Those objectives can range from creating strategic alliances to securing capital for growth to conducting a sale that maximizes value for the shareholders. In this case, we evaluated a number of potential partners and structures and were pleased to assist Services Select and Peak 2 Performance in forming a strategic alliance.”
For more information about this transaction, please contact Andy Stockett at (423)266-6979, or Chris Rowe at (423)266-4630.
FourBridges Capital Advisors is a middle market investment bank providing sell-side, buy-side, capital raising, restructuring, and strategic advisory services primarily to closely-held and family-owned businesses. FourBridges is based in Chattanooga, Tennessee and serves clients across the Southeast, including Atlanta, Nashville, Birmingham, Memphis, Knoxville, and Huntsville.
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