Heritage Capital Group Inc., an investment banking and financial advisory firm serving middle-market and emerging growth companies in the U.S. and worldwide, announced Jan. 29 that its client, MDM Commercial Enterprises LLC, has been acquired by Exertis Almo, a wholly owned subsidiary of DCC Technologies.
The acquisition, which closed in April 2024, was the fourth international transaction that Heritage closed within a five-week period.
“I want to thank Heritage for their expert guidance and professionalism throughout this process,” Steve Austin, CEO and founder of MDM, said in a news release.
“The deal team’s meticulous level of detail and negotiation prowess were impressive. I recommend them without hesitation.”
The Heritage team included Joe Hawkins, Don Wiggins, Howard Serkin, and Robert Cilek. The terms of the transaction were not disclosed.
The release said that Ponte Vedra Beach-based MDM, founded in 1990, specializes in providing technology solutions to lodging, health care and other commercial facilities. Its inventory includes health care and hospitality products, supported by consulting, installation and customer support, along with flexible payment options and lease agreements.
“It has been a tremendous journey to build MDM side-by-side with a talented team into a leader in hospitality and healthcare for 34 years. I also want to thank the Exertis Almo and DCC plc executive teams. I am excited to see how the addition of MDM to the Exertis Almo and DCC group will help provide an even more exceptional level of service to the hospitality and healthcare industries,” Austin said.
The release said DCC, based in Dublin, Ireland, distributes consumer, business and enterprise products from pioneering technology brands. For more than 40 years, the company has distributed everything from AV solutions to AI-powered smart-tech.
Heritage Capital Group, with offices in Jacksonville and Savannah, Georgia, is an investment banking and financial advisory firm serving middle-market and emerging growth companies in the US and worldwide.
For 47 years, the company has provided advice to private companies in the areas of mergers, acquisitions and divestitures, business valuations, debt and equity capital raises, corporate restructurings, and financial and strategic advisory services.