America's Growth Capital is pleased to announce that its client, LocationLogic LLC, a provider of platform software, applications frameworks and professional services that deliver location-smart services to wireless customers, has been sold to TeleCommunication Systems, Inc. (NASDAQ: TSYS), a provider of wireless data communications technology, for $25 million. From a standing start, America's Growth Capital orchestrated a targeted process, leading to multiple bidders and a successful transaction with TeleCommunication Systems. With a team led by Ben Howe, America's Growth Capital acted as sole financial advisor to LocationLogic.
Ben and his team led a fast-paced, efficient and competitive process. Their excellent transactional sense complemented an extraordinary operational turnaround. Hale Funds and Hale Global couldn't be more pleased with the results and look forward to the opportunity to work with AGC in the future.