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Woodbridge Group Acts as Advisor to DB Technology, Inc.
Thursday, June 1, 2006
New Haven, Connecticut – June 1, 2006 – Woodbridge Group, Inc., an international middle market mergers and acquisitions firm, announced today that Triton Pacific Capital Partners, a Los Angeles, California private equity group, invested a considerable amount in New Jersey-based software solutions company DB Technology, Inc.
Brett Oberman, co-owner of DB Technology said, “We are excited about this milestone in the continued evolution of DB Technology and are enthusiastic about the future and what we can achieve with greater resources behind us."
Robert F. Murphy, managing director of Woodbridge Group said, “This deal was yet another example of what we observe every day: the obvious strategic investors many times are not the selected party at the end of our process. In reality one can never know who the best partner will be, which is why 75% of our clients close a transaction with someone they had never heard of."
Founded in 1983, DB Technology is a leading provider of document automation solutions to the healthcare, retail and hospitality industries. Triton Pacific’s investment portfolio is comprised of companies in a variety of industries, including software.
Woodbridge Group contacted nearly 3,000 prospective players, both strategic and financial, in the U.S. and Europe. While a number of potential strategic partners showed interest in DB Technology, ultimately, it was a financial investor who realized the significant growth potential and provided the best fit for DB Technology and its owners.
Woodbridge Group, Inc., a global, marketing-driven M&A firm, was founded in 1993 to provide divestiture and acquisition services to middle market companies in a variety of industries.
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