LNC Partners has completed the purchase of CrossLink Professional Tax Solutions (CrossLink), a provider of professional tax software solutions to tax preparers across the United States.
LNC partnered with the Company’s CEO, Reynold Sbrilli, who has been instrumental in growing the business into an industry leader over the past six years. Sbrilli and his executive team will continue managing CrossLink’s day-to-day operations.
“This is a pivotal moment in the Company’s history,” says Sbrilli. “In order to continue growing Crosslink and its leadership position in the professional tax software marketplace, we saw the need for a new partner that could help us unlock the true growth potential of our business.
“LNC is a natural fit for us as they are committed to working with our executive team and investing for the betterment and growth of the business.”
“We are thrilled to be backing a proven, committed executive team led by CEO Rey Sbrilli and believe that we can add our expertise and resources to help deliver the best value to CrossLink’s customers,” says Robert Monk, Managing Partner of LNC.
Twin Brook Capital Partners provided the senior debt financing for the transaction.
