
Generational Group Advises Softrak Systems in Sale to Arcaccsoft Corporation
By Generational Group
08/22/2019
Generational Group, a leading mergers and acquisitions advisor for privately held businesses, is pleased to announce the sale of its client, Softrak Systems Inc., to Arcaccsoft Corporation. The acquisition closed May 1, 2019 and details were not disclosed.
Softrak Systems Inc. was founded in 1985 and is located in Vancouver, British Columbia. The Company develops, publishes, and supports Adagio Accounting, a full line of accounting software, comprised of 19 modules targeted at small to medium sized businesses.
Arcaccsoft Corporation, a New Jersey-based software application company, saw Softrak as a good add-on for them.
Generational Group Executive Managing Director M&A – West, Stephen Crisham, and his team, led by Senior M&A Advisor Ted Rattenberry, with support from Managing Director Mergers & Acquisition Mike Meredith, successfully closed the deal. Executive Managing Director Randy Kamin established the initial relationship with Softrak Systems.
“There was a strong strategic fit between the two companies,” said Rattenberry. “The acquisition presents the opportunity for Arcaccsoft to expand its services offered and increase its market share while presenting additional career advancement opportunities to Softrak’s staff.”
About Generational
Generational Group, headquartered in Dallas, TX, is a leading, award winning full-service M&A advisory firm. Generational has over 300 professionals across 16 offices in North America. The firm empowers business owners to unlock the full value of their companies through a comprehensive suite of services—including strategic growth consulting, exit planning education, business valuation, value enhancement strategies, M&A advisory, digital solutions, and wealth management.
Celebrating its 20th year, Generational has successfully closed over 1,700 transactions and has ranked #1 or #2 in all LSEG league tables for deals valued between $25 million and $500 million in 2022, 2023, and 2024.
The firm was named 2024 USA Investment Banking Firm of the Year by the Global M&A Network and recognized as Investment Banking Firm of the Year by The M&A Advisor in both 2024 and 2022.