Energy
ENERGY 

MAS Sale of Utility Billing Software to Public Canadian Company

MAS was engaged by the board of Nexant in California composed of the founder, private equity firms, and independent directors to divest the utility billing division, known as Revenue Manager.

MAS successfully led the engagement to find interested parties that could leverage the Revenue Manager business going forward.

MAS worked with the executives and staff of the planned divested division and Nexant corporate to prepare for this event. MAS then identified, introduced, and facilitated presentations of the business and the opportunity for prospective acquirers.

MAS was able to bring forward three very different bidders, some public and others PE backed, to progress the final transaction. The general counsel of Nexant and MAS led the due diligence and negotiation process through to transaction closing. The Nexant general counsel and MAS worked with the buyer’s general counsel and financial executives to effect the transaction.

In the end the business was successfully sold and transitioned to Harris Computer Corporation, a wholly owned subsidiary of Constellation Software Inc. (CSI) listed on the Toronto Stock Exchange (TSX).

ABOUT MAS    STRATEGIC ADVISORY    MANAGEMENT CONSULTING    M&A ADVISORY
111 Ludlow Ave  |  Spring Lake, NJ 07762 USA  |  TEL: +1 732 974 2275  |  www.masfinance.com

© 2018 MAS, Inc.  ALL RIGHTS RESERVED