108 Partners Successfully Completes Levementum Recapitalization with Inoca Capital Partners
San Francisco, CA-108 Partners, LLC, a Silicon Valley-based middle market business advisory firm led by James Bergeron, today announced the successful completion of the recapitalization of Levementum, LLC enabling the latter to drive growth, expand its customer base and further accelerate its strong bookings momentum in the growing market for CRM and Digital services.
Levementum provides management consulting, system integration and value-added resale of cloud-based CRM and Digital solutions, serving more than 1,000 customers across a wide variety of industries that include consumer packaged goods, high-tech, financial services, energy, telecommunications and manufacturing.
108 Partners began advising the Levementum executive team in April 2013 with James Bergeron providing CEO Coaching services and serving as a member of the company’s Advisory Board. The firm worked deeply with the team on strategic direction and sales growth, combined with pricing and profitability, evaluating potential add-on acquisitions and preparing and best positioning the company for a strategic or financial exit/partnership. In evaluating its options, Levementum chose 108 Partners as its exclusive financial advisor. The result was that Inoca Capital, in partnership with Levementum’s co-founders, recapitalized the business in October 2015.
James P. Bergeron, Managing Partner at 108 Partners, LLC, said, “Levementum was a perfect 108 Partners client in providing both CEO coaching and M&A Advisory support to its executive team, as it considered its strategic options after substantial growth and development of its leadership position within the CRM marketplace. Doug Guilbeau and Geoff Mobisson built an exciting and phenomenal CRM services business that I was grateful to be part of advising and guiding them in their transition from an ‘owner/operator’ managed business to an ‘exit ready’ business attractive to strategic acquirers, financial buyers and other potential partners.”
Geoffrey Mobission, co-founder and Board Chair of Levementum, LLC, said: “After having worked with James for more than a year on strategy, exit preparation and CEO Coaching, 108 Partners was the most logical choice to represent our ownership interests in an M&A process. James was not only a trusted advisor to us as co-founders, but he effectively became a member of our executive team given his knowledge, experience and expertise in exiting middle market businesses such as Levementum. His knowledge, perspective and approach toward building companies, raising capital and M&A deal-making is simply amazing and I couldn’t recommend him more highly for anyone considering either a CEO Coach or an M&A Advisor or both. After running a competitive process that James managed very effectively, we were fortunate to have multiple acquisition and partnership proposals to consider.”