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D.A. Davidson & Co. Serves as Financial Advisor to Soft-Pak in Its Acquisition by Dover

D.A. Davidson & Co. announced that its client, California-based Soft-Pak, Incorporated, a leading independent provider of integrated back office, route management and customer relationship management software solutions to the waste and recycling fleet industry, has entered into a definitive agreement to be acquired by Dover Corporation, a diversified global manufacturer with annual revenue of approximately $7 billion. Following the close of the transaction, Soft-Pak will become part of the Environmental Solutions Group business unit, a leading supplier of waste handling solutions to the North American waste and recycling industry, in Dover’s Engineered Products segment.

D.A. Davidson advises #software provider Soft-Pak on pending sale to Dover Corporation. #recycling

Soft-Pak, formed in 1980 and based in San Diego, is a leading provider of software solutions for waste and recycling fleets. Soft-Pak software enables business-critical back-office operations for waste hauling fleets, such as b****** for collection and disposal, performing customer service and support, managing service contracts, dispatching trucks, modifying routes, and making payments with features tailored to the unique needs of the waste and recycling customers.

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“We are extremely happy for Brian Porter, President of Soft-Pak, and the whole Soft-Pak team. This transaction is the culmination of years of hard work. Brian has done a tremendous job growing the company over more than a decade under his leadership, creating an industry leader with hundreds of loyal customers,” said Grady McConnell, Director at D.A. Davidson. “With Dover as a partner going forward, Soft-Pak is primed to accelerate its growth and further establish itself as the leading provider of software to the waste and recycling fleet industry.”

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“I am thrilled to have worked with the D.A. Davidson technology investment banking team on this transaction,” said Porter. “They were a true partner in this transaction and guided me through the process step by step. As a result, I am confident we found the best partner for Soft-Pak and its employees.”

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D.A. Davidson’s investment banking division is a leading full-service investment bank that offers comprehensive financial advisory and capital markets expertise. The group has extensive transaction experience serving middle market clients worldwide across five industry verticals: consumer, diversified industrials, financial institutions, real estate and technology.

Together with its European strategic partner, MCF Corporate Finance, D.A. Davidson originates and executes transatlantic M&A transactions under the common brand of D.A. Davidson MCF International.

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