Electronic Transaction Consultants Announces Acquisition by Align Capital Partners
Electronic Transaction Consultants Corporation (ETC), a leading technology solutions provider for the mobility and transportation industries, announced that it has been acquired by Align Capital Partners (ACP), a growth-oriented private equity firm focused on investing in B2B companies that are well positioned for growth in niche markets.
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The partnership with ACP will help grow ETC’s existing portfolio and help the company expand into adjacent markets by leveraging riteSuite™, its highly flexible suite of mobility-focused products. ETC will continue to provide added value to its existing and long-standing customer portfolio while seeking to broaden its customer base. Additionally, ETC will focus on augmenting its existing innovative solutions to extend into markets where Mobility as a Service (MaaS) and Intelligent Transportation System (ITS) systems merge.
“Today marks a tremendous milestone for our company, our employees, and our customers,” said ETC CEO Bret Kidd. “We’ve already established ourselves as a revolutionary leader in the areas where tolling and mobility intersect. With ACP as our financial and strategic partner, we will take ETC to the next level, providing unparalleled client service and even more industry-leading solutions to improve mobility for our fellow citizens.”
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“ETC sets the standard for best-in-class mobility solutions and service,” said Robert Langley, ACP Managing Partner and Co-Founder. “We’re excited to partner with this talented and innovative company to expand its customer base and service offering to make an even greater impact in this dynamic and growing industry.”
As part of this acquisition, ETC will formally change the corporate name from Electronic Transaction Consultants Corporation to Electronic Transaction Consultants, LLC and will be referred to as ETC.
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