
Generational Equity Advises Softrak Systems in Sale to Arcaccsoft Corporation
By Generational Equity
08/22/2019
Generational Equity, 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 Equity 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, is a leading, award winning, full-service M&A advisory firm. With more than 350 professionals located throughout 16 offices in North America, the company helps business owners release their business’ wealth by providing growth consulting, merger, acquisition, and wealth management services. The Generational suite of advisory services includes strategic growth consulting, exit planning education, business valuation, value enhancement strategies, M&A services, digital services, and wealth management.
The M&A Advisor named Generational Group Investment Banking Firm of the Year in 2016, 2017, 2018, 2022 & 2024. They also awarded us Valuation Firm of the Year and M&A Consulting Firm of the Year in 2022 and 2023. For more information, visit: https://www.generational.com.