Citizens Advises InCare Technologies on its Sale to Thrive Networks, a Portfolio Company of Court Square Capital Partners

01/18/2022

PROVIDENCE, RI - Citizens M&A Advisory announced today that it served as the exclusive financial advisor to InCare Technologies, LLC, a leading managed IT services firm based in Birmingham, Ala., on its sale to Thrive Networks Inc., a portfolio company of Court Square Capital Partners. Thrive's acquisition of InCare represents the continued deployment of capital by Court Square to accelerate the platform's growth through its 12^th add-on acquisition.

InCare Technologies delivers strategic and cloud solutions focusing on IT infrastructure and is one of the largest technology employers in Alabama, Mississippi and Tennessee. The company has an industry-specific focus which includes commercial business, local government, healthcare, financial services, legal services and manufacturing.

Martin Costa, chief executive officer of InCare Technologies, said: "Citizens M&A played a crucial role in connecting us with the right strategic partner at the right time in Thrive's acquisition strategy. That made a huge difference in the process that we ran, and we appreciate them in helping us find the right home for InCare."

Steve Carr, director of Citizens, said: "InCare has built an impressive managed services firm and has earned a strong reputation in the Southeast. We are excited for their firm to join the Thrive team and look forward to following the story."

Citizens M&A Advisory specializes in middle-market mergers and acquisitions. Citizens combines sector intelligence with a client-focused approach to realize our clients' true value. The Citizens team has more than 130 M&A professionals specializing in a range of industries across the United States. Citizens M&A Advisory is part of Citizens Capital Markets, Inc., a subsidiary of Citizens Financial Group (NYSE: CFG).

About Citizens Financial Group, Inc.

Citizens Financial Group, Inc. is one of the nation's oldest and largest financial institutions, with $187.0 billion in assets as of September 30, 2021. Headquartered in Providence, Rhode Island, Citizens offers a broad range of retail and commercial banking products and services to individuals, small businesses, middle-market companies, large corporations and institutions. Citizens helps its customers reach their potential by listening to them and by understanding their needs in order to offer tailored advice, ideas and solutions. In Consumer Banking, Citizens provides an integrated experience that includes mobile and online banking, a 24/7 customer contact center and the convenience of approximately 3,000 ATMs and approximately 1,000 branches in 11 states in the New England, Mid-Atlantic and Midwest regions. Consumer Banking products and services include a full range of banking, lending, savings, wealth management and small business offerings. In Commercial Banking, Citizens offers a broad complement of financial products and solutions, including lending and leasing, deposit and treasury management services, foreign exchange, interest rate and commodity risk management solutions, as well as loan syndication, corporate finance, merger and acquisition, and debt and equity capital markets capabilities. More information is available at www.citizensbank.com or visit us on Twitter, LinkedIn or Facebook.

# # #

The testimonials presented are applicable to the individuals depicted and may not be representative of the experience of others. The testimonials are not paid and are not indicative of future performance or success.

Public link

Please use the above public link if you want to share this noodl on another website.