Springbank Capital Corp. (“Springbank”) is pleased to announce the sale of its client Lean Industries (“Lean”), a software solution provider for disputed consumer-originated financial transactions, in both the card and non-card payments space, for both fraud and non-fraud disputes, to Jonas Software, a leading provider of enterprise management software solutions globally.
Springbank acted as the exclusive financial advisor to Lean.
“Springbank Capital Corp. expertly guided our company through every aspect and detail of our transaction with Jonas Software. From the very beginning of the process through to closing, Jennifer Chasson [President of Springbank], and her team of experienced professionals took the time to truly understand our business from different perspectives, always with the goal of ensuring we presented our company to the market of prospective buyers in the best possible light.” said Lean’s President, Jim Schlegel.
He went on to add “Springbank’s methodology was thorough, engaging, and collaborative, and allowed us to continue running our company with minimal disruptions while at the same time partnering with us to ensure the best possible outcomes for our business, its employees, and its owners. We were delighted to have worked so closely with Springbank and if given the chance to go through the process again, we would select Springbank as our partner again – every time.”
About Lean Industries:
Lean Industries is focused exclusively on delivering solutions for disputed consumer-originated financial transactions, in both the card and non-card payments space, for both fraud and non-fraud disputes. Lean provides their AdjustmentHub and NetworkHub software products and implementation services to large financial services companies across the United States and Europe, with dispute resolution workflows spanning debit, credit, and prepaid card payment transactions. Their software products result in a highly efficient and automated back-office operational structure, with commensurate cost savings and productivity improvements.
About Jonas Software:
Jonas Software operates over 110 independently managed software brands around the world, providing them with the strategic guidance and financial security required to be leaders in their respective markets. From its roots formed in the construction and club management markets, Jonas Software’s reach has grown extensively within the fitness, membership, hospitality, and industrial verticals. Today, Jonas Software is proud to supply industry-leading enterprise management software and related services to more than 80,000 customers in over 30+ vertical markets.
About Springbank Capital Corp.:
Springbank brings investment banking to mid-market businesses in Canada. It offers one-on-one, customized services, an extensive and proven track record of completed deals, and an international reach – all underpinned by an understanding of and passion for what it takes to succeed in the Canadian mid-market. Springbank’s President, Jennifer Chasson, is also a Partner with Zeifmans LLP, a Toronto-based accounting practice that combines the capabilities and world reach of a multinational, with the efficiency and service of an independent practice.