July 8, 2020
Clearsight Advises Revenue Solutions, Inc. (RSI) in its Recapitalization by DC Capital Partners
Clearsight Advisors, Inc. (“Clearsight”) is pleased to announce another transaction in its Public Sector Technology and Compliance practices. Clearsight served as the exclusive advisor to Revenue Solutions, Inc. (“RSI” or “The Company”) in its recapitalization by DC Capital Partners. This marks another landmark software transaction for Clearsight.
RSI offers revenue and compliance management software and services, including multiple proprietary platforms for executing payment processing, tax, and labor solutions. The Company is a leading technical and service partner to over 35 tax, revenue, and labor agencies at the federal, state, and local level. The Company’s recapitalization by DC Capital Partners presents the opportunity for a new phase of growth, including the expansion of their government services and solutions platform to meet the evolving demands for tax and labor compliance.
“We selected Clearsight as our advisor due to their depth of expertise in the Public Technology software market. It turned out to be a pivotal decision as their insights and relationships helped us identify the best partner for the next chapter in RSI’s growth. The Clearsight team was extremely responsive and available. RSI considered and interviewed many advisor possibilities. Many of those firms stated they would be attentive to us. However, I was shocked to learn Clearsight was advising multiple clients simultaneously. I would have bet money that RSI was the only one being advised at the time! They went above and beyond in helping us navigate and close this transaction during the current unprecedented market environment, and I would rely on them again in a heartbeat,” lauded Chris Barlow, CEO and President of RSI.
Joel Kallett, Clearsight Co-Founder and Managing Director, remarked, “We are thrilled to have been a part of helping RSI execute this milestone transaction in their evolution. The new partnership with DC Capital Partners will help Chris and his team invest for the future and really take RSI to the next level while providing the founders both a premium exit and the right partner for the next step in RSI’s journey.”
Read this transaction’s joint press release at PRNewswire.com