AGC Partners Advises Untangle on its Sale to Providence Equity

AGC Partners is pleased to announce that its client, Untangle Inc., a leader in comprehensive network security for SMB business and connected home, has been acquired by Providence Strategic Growth (PSG), the growth equity affiliate of Providence Equity Partners. The acquisition will further Untangle’s ability to win market share and continue to unseat incumbents in the Unified Threat Management (UTM) market. With a team comprised of Russ Workman, Harsh Sharma, Charlie Finnegan and Colm Smith, AGC Partners acted as sole financial advisor to Untangle.

I was initially skeptical about the value of bringing in a banker, but Russ and his team added tremendous value from Day 1 and have earned my respect and highest recommendation. AGC inherited a complex situation, boiled it down to a very consumable story and ran a highly efficient and effective process. Ultimately they found the best buyer in Providence Equity, and drove a premium valuation for Untangle. There is nobody I would rather have in my corner than Russ and AGC. I would absolutely welcome the opportunity to work with them again.

Bob Walters, CEO, Untangle

AGC Partners acted as sole financial advisor to Untangle in September, 2016