Citizens M&A Advisory has served as the exclusive financial advisor to Eclipse Advantage, a provider of outsourced supply chain workforce solutions, on its acquisition by Two Sigma Impact.
Eclipse provides a comprehensive suite of labour services for warehouses and distribution centres that increase supply chain productivity and efficiency. Eclipse was a portfolio company of Longshore Capital Partners, a Chicago-based lower middle-market private equity firm. Two Sigma Impact is the impact investing business of Two Sigma.
Pete Westermann, chief executive officer of Eclipse, says: “The Citizens M&A Advisory team was terrific to work with. Citizens assisted us in articulating our complex business model, compelling value proposition and significant growth opportunity for easy consumption by investors.”
Nick Christopher, partner at Longshore Capital Partners, says: “The Citizens team did a fantastic job managing the Eclipse process on behalf of Longshore and the Company. They demonstrated a thorough understanding of the business and drove a high-touch, competitive and fast-paced process.”
Jason Wallace, managing director at Citizens M&A Advisory, says: “We are appreciative of the opportunity to work with Longshore and Eclipse on its sale to Two Sigma Impact. Eclipse is a differentiated platform spanning the facility services, supply chain and human capital sectors. We are excited to watch Eclipse’s continued growth in partnership with Two Sigma Impact.”
Citizens M&A Advisory specialises in middle-market mergers and acquisitions. Citizens combines sector intelligence with a client-focused approach. The Citizens team has closed more than 175 transactions in the last five years and has more than 70 M&A professionals specialising in a range of industries across the United States. Citizens M&A Advisory is part of Citizens Capital Markets, Inc, a subsidiary of Citizens Financial Group (NYSE: CFG).