Great Lakes Scrip Center has been sold to Bold Orange a portfolio company of Mountaingate Capital
Lincoln International (“Lincoln”), a leading global mid-market investment bank, has announced that Great Lakes Scrip Center (“GLSC” or the “Company”) has been acquired by Bold Orange, a human connections company that works to modernize loyalty, customer relationship management (CRM) and digital experiences for brands. Bold Orange is a portfolio company of Mountaingate Capital.
Founded in 1994 and headquartered in Grand Rapids, Michigan, GLSC is a leading provider of technology-enabled, stored-value card (“scrip”) fundraising solutions for local organizations and nonprofits throughout the U.S. Scrip serves as a no-selling, commerce-based fundraising model, a compelling substitute for traditional fundraising campaigns. Since its inception, the Company has helped over 48,000 local organizations, such as schools, community groups, sports teams and churches, raise more than $680 million for needs like computers, tuition, band instruments, athletic equipment or church operations, all while driving approximately $9 billion in commerce to over 750 retail partners and brands, including Amazon, Starbucks and Target.
Jack Smith, Co-Founder of GLSC, commented, “Lincoln served as a valuable advisor throughout the sale process, creating a number of compelling options for the Company’s shareholders. Lincoln’s deep expertise in Commerce Enablement and Marketing Technology allowed them to effectively convey the Company’s value drivers and growth opportunities, which was critical to driving a successful outcome. We are thrilled that Lincoln helped us find the right partner for the Company we built at this exciting time in our industry.”
Lincoln acted as the exclusive financial advisor to GLSC, working closely with the management team and shareholders throughout the sale process. This included providing advisory expertise and managing the marketing, negotiation and due diligence phases of the transaction.
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