R.L. Hulett & Company successfully originated and negotiated the sale of a custom software applications developer and enterprise solutions provider. The Selling principals have committed to stay with the firm to help facilitate the continued growth and profitability of the Company.
Secure Data, Inc., based in O’Fallon, Illinois, develops custom financial software applications for the United States Air Force under a number of long-term contract vehicles with various contracting command centers. The Company also designs and implements enterprise solutions for corporate clients to automate and integrate business processes.
Emtec, Inc. (OTCBB: ETEC), established in 1964, is a systems integrator providing IT services and products to the federal, state, local, education and commercial markets. Emtec reported revenue of $223 million in 2009.
R.L. Hulett & Company facilitated the sale process by researching the industry, writing a Confidential Offering Memorandum, contacting hundreds of financial and strategic buyer candidates, coordinating management meetings with selected prospective acquirers, negotiating an exclusive letter of intent, coordinating due diligence, reviewing the contracts and assisting in the closing. The Seller selected, and ultimately closed, a deal with the acquirer who offered the best combination of financial, cultural and strategic fits.