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Press releases > Generational Equity Advises Softrak Systems in Sale to Arcaccsoft Corporation

Generational Equity Advises Softrak Systems in Sale to Arcaccsoft Corporation

By Generational Equity

Aug 22, 2019, 08:00 et

Softrak Systems

Generational Equity, a leading mergers and acquisitions advisor for privately held businesses, is pleased to announce the sale of its client, Softrak Systems Inc., to Arcaccsoft Corporation. The acquisition closed May 1, 2019 and details were not disclosed.

Softrak Systems Inc. was founded in 1985 and is located in Vancouver, British Columbia. The Company develops, publishes, and supports Adagio Accounting, a full line of accounting software, comprised of 19 modules targeted at small to medium sized businesses.

Arcaccsoft Corporation, a New Jersey-based software application company, saw Softrak as a good add-on for them.

Generational Equity Executive Managing Director M&A – West, Stephen Crisham, and his team, led by Senior M&A Advisor Ted Rattenberry, with support from Managing Director Mergers & Acquisition Mike Meredith, successfully closed the deal. Executive Managing Director Randy Kamin established the initial relationship with Softrak Systems.

“There was a strong strategic fit between the two companies,” said Rattenberry. “The acquisition presents the opportunity for Arcaccsoft to expand its services offered and increase its market share while presenting additional career advancement opportunities to Softrak’s staff.” 

About Generational Equity

Generational EquityGenerational Capital Markets (member FINRA/SIPC), Generational Wealth Advisors, and DealForce are part of the Generational Group, which is headquartered in Dallas and is one of the leading M&A advisory firms in North America.

With over 250 professionals located throughout North America, the companies help business owners release the wealth of their business by providing merger, acquisition, and wealth management services. Their five-step approach features exit planning education, business valuation, value enhancement strategies, M&A transactional services, and wealth management.  

The M&A Advisor named the company the 2016, 2017, and 2018 Investment Banking Firm of the Year. For more information, visit https://www.genequityco.com/ or the Generational Equity press room.

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Bil MacLeslie, CEO, ipHouse
Thanks again Phil and feel free to have a future client call me if they would like a referral. You are a true professional!
Andy Graham, Vice President, Modern Heating & Plumbing
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Karen S. Williams, CFO, BW Manufacturing
The help you provided us during each step of this process made us feel very comfortable and confident we were selecting the right approach to transition our Company.
Andy Graham, Vice President, Modern Heating & Plumbing
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Michael J Polarek, President, Paragon Packaging
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Jay Dinnison, Owner of Sharpe Mixers
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Terry D. Wickman, President, Keytroller
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Jay Dinnison, Owner of Sharpe Mixers
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Robert Evans, President and CEO of Mealtracker Dietary Software
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Michael J Polarek, President, Paragon Packaging
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Pete L.
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Bil MacLeslie, CEO, ipHouse
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Rick Nowak, President/CEO, Kurz Electric Solutions, Inc.
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Rick Nowak, President/CEO, Kurz Electric Solutions, Inc.
Michael worked tirelessly, He followed every lead meticulously and urgently to make sure nothing was missed.
Robert Evans, President and CEO of Mealtracker Dietary Software
We knew it would be a difficult task to have someone really understand our business and our market, prior to researching a possible buyer, so it was imperative that we found someone of your caliber, with definite proven experience in this area.
Rick Nowak, President/CEO, Kurz Electric Solutions, Inc.
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Karen S. Williams, CFO, BW Manufacturing
We thank you Eric and Generational Equity making our dream come true.
Larry Moore, Owner, A Company Portable Restrooms
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Ralph Noblin, President of Noblin & Associates
I wanted to write you a quick letter to express our appreciation and our delight on the outcome of helping us through the process of our recent sale. We are very happy with the end result, and are very happy to be able to move forward with all of our future growth plans.
Terry D. Wickman, President, Keytroller
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Bil MacLeslie, CEO, ipHouse