AGC Partners Advises Untangle on its Sale to Providence Equity
Transaction Details
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.
Testimonial
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.
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© In the U.S., America’s Growth Capital, LLC dba AGC Partners, member FINRA/SIPC. In Europe, America’s Growth Capital Europe, LLP (Appointed Representative Alternatives St. James, LLP which is authorized and regulated by the Financial Conduct Authority). America’s Growth Capital Europe, LLP is a Limited Liability Partnership incorporated in England and Wales (OC368580). Its registered address is 6th Floor, 9 Appold Street, London EC2A 2AP. The testimonials contained herein may not be representative of the experience of other customers or clients. Testimonials are no guarantee of future performance or success. Deals marked with an “*” are non-AGC deals.
