Complus Data Innovations has been recapitalized by Thompson Street Capital Partners
Lincoln International (“Lincoln”), a leading global mid-market investment bank, is pleased to announce that Thompson Street Capital Partners (“TSCP”) has completed a recapitalization of Complus Data Innovations, Inc. (“Complus” or the “Company”). The terms of the transaction were not disclosed.
Complus is a leading provider of parking enforcement software and payment solutions to municipalities and universities throughout the United States. The Company’s proprietary FastTrack™ software allows for municipalities to seamlessly and electronically manage their citation needs while producing industry-leading citation collection rates, enhancing municipalities’ overall operating revenues. In addition to serving over 200 municipalities, airports and universities across the United States, Complus operates Parking Ticket Payments (“PTP”). PTP is a Visa-certified Level 1 compliant PCI-DSS service provider, which securely processes over 1 million credit card transactions annually on behalf of municipalities resulting in more efficient operations.
“Lincoln’s software expertise, senior-level attention and focused execution were instrumental throughout the process and allowed us to find the right partner for Complus,” said Jeff Grossman, President of Complus.
Scott Twibell, Managing Director and Co-Head of the Technology, Media & Telecom Group at Lincoln International, commented, “We’re delighted to have worked with the founders of Complus in this important transaction and are excited to watch Complus continue to thrive under its partnership with TSCP.”
Lincoln acted as the exclusive financial advisor to Complus in this transaction, working closely with Complus’ founders throughout the sale process. This included providing advisory expertise and managing the preparatory, marketing, negotiation and due diligence phases of the transaction.
About Complus
Complus Data Innovations is a leading provider of parking ticket management solutions to municipalities and universities. The Company provides parking enforcement software, services and solutions to municipalities, colleges, universities and airports. CDI’s proprietary online parking ticket software, FastTrack, tracks violations over the entire life cycle of a parking citation and fully integrates with client software platforms. The Company also provides ticketing equipment including handheld ticket writers, citation management hardware and provides DMV search / lookup, equipment support and data backup/disaster recovery services. More information about Complus can be obtained at www.complusdata.com.
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