Citizens Financial 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 today announced that it is the exclusive financial advisor to InCare Technologies, LLC, a leading Birmingham, Alabama-based managed IT services company, in connection with its sale to Thrive Networks Inc. ., a portfolio company of Court Square Capital Partners. Thrive’s acquisition of InCare represents Court Square’s continued deployment of capital to accelerate the platform’s growth across its 12and additional acquisition.

InCare Technologies provides mission-critical and cloud solutions focused on IT infrastructure and is one of the largest technology employers in Alabama, Mississippi and Tennessee. The company focuses on a specific industry which includes commercial enterprises, local government, healthcare, financial services, legal services and manufacturing.

Martin Costa, Managing Director of InCare Technologies, said, “Citizens M&A has played a crucial role in connecting us with the right strategic partner at the right time in Thrive’s acquisition strategy. It made a huge difference in the process we went through, and we thank them for helping us find the right home for InCare. »

Steve Carr, Director of Citizens, said: “InCare has built an impressive managed services business and earned a solid reputation in the South East. We’re thrilled to have their company join Team Thrive and can’t wait to follow the story.

Citizens M&A Advisory specializes in middle market mergers and acquisitions. Citizens combines industry intelligence with a customer-centric approach to realize the true value of our customers. 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 wide range of retail and commercial banking products and services for individuals, small businesses, ETIs, large corporations and institutions. Citizens helps its clients reach their potential by listening to them and understanding their needs in order to offer advice, ideas and tailor-made solutions. In Consumer Banking, Citizens offers 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’s products and services include a full suite of banking, lending, savings, wealth management and small business offerings. In commercial banking, Citizens offers a wide range of financial products and solutions, including lending and leasing services, deposit and cash management services, foreign exchange risk management solutions, interest rate interest and commodities, as well as loan syndication, corporate finance, mergers and acquisitions, and debt and equity markets capabilities. More information is available at www.citizensbank.com or visit us on Twitter, LinkedIn Where Facebook.

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