Ascend Honored with Two Awards at the U.S.A Middle Market M&A Atlas Awards

Ascend Capital Group is thrilled to announce that it has been honored with two awards at the 6th annual M&A Atlas Middle Market Awards, hosted by the Global M&A Network on June 24, 2024. The awards ceremony, which celebrates excellence and achievements in mergers and acquisitions and corporate growth, recognized Ascend Capital Group for its outstanding contributions and exemplary performance in the industry.

The Global M&A Network is renowned for its rigorous selection process and commitment to recognizing only the top performers in the M&A sector. These awards underscore the firm’s dedication to excellence, its innovative approach, and its ability to deliver exceptional value to clients.

DJ Palmer, Managing Director of Ascend Capital Group, expressed his pride and gratitude: “Receiving these awards from the Global M&A Network is a testament to the hard work, dedication, and expertise of our entire team. We are incredibly proud of the successful outcomes we have achieved for our clients, particularly with Mainline Information Systems acquisition of Axcelinno and the successful acquisition of DirectAthletics by FloSports. These deals not only reflect our sophisticated, data-driven approach but also our unwavering commitment to humanizing the investment banking experience.”

M&A Tech & Services Deal of the Year – Ascend Advises Mainline Information Systems on Acquisition of Axcellino

Awarded for the successful advisory on the acquisition of Axcelinno by Mainline Information Systems. Ascend Capital Group advised Mainline Information Systems, a leading provider of comprehensive IT solutions and services, in its strategic acquisition of Axcelinno, a renowned DevOps consulting and solutions firm. This deal not only expanded Mainline’s capabilities in the rapidly growing DevOps market but also reinforced its commitment to providing innovative solutions to its clients.

Jeff Dobbelaere, CEO of Mainline Information Systems, commented, “The acquisition will enable us to deliver more robust modernization solutions targeted at efficiently utilizing cloud, automating processes, and mitigating risks.”

M&A Deal of the Year – Ascend Advises DirectAthletics in its Acquisition by FloSports

Recognized for the strategic guidance and execution in the acquisition of DirectAthletics by FloSports. Ascend Capital Group served as the exclusive financial advisor to DirectAthletics, an industry leader in timed sports event registration and data management, in its acquisition by FloSports, a leader in sports streaming and original content. This transaction forms the largest and most comprehensive database of Track & Field videos, meet coverage, results, and rankings in North America.

Dave Stelnik, CEO and Co-Founder of DirectAthletics, stated, “Simply put, we couldn’t have done this without Ascend. The team’s guidance and expertise were indispensable to us at every step of the journey, and their disciplined approach helped keep everyone on track throughout the process.”

Ascend Capital Group continues to set new standards in the M&A industry by putting people first, simplifying complexity, and delivering unparalleled advisory services tailored to the unique needs of each client. These accolades affirm the firm’s position as a leader in providing high-growth companies and institutional investors with exceptional buy-side and sell-side advisory services.

For more information about the winners, please visit the M&A Atlas Award list