BVCA, a leading merger & acquisition advisory firm, provided strategic consulting services to COBAN Technologies, an innovative supplier of body cameras and in-car video solutions for law enforcement, in its recent sale to Safe Fleet. Terms of the transaction were not disclosed. Established in 2002, COBAN’s state-of-the-art in-car video and digital evidence management software is used by many of the top police departments in the country.
BVCA provided advisory and consulting services to COBAN, transaction structure alternatives, key transaction elements, and assistance with final negotiations. “BVCA was a great M&A advisory choice for COBAN. They took the time to understand issues in the deal and formulated well-reasoned strategies to resolve them,” said Jeff Lee CFO, of COBAN. “Sid Shaver and his team played a critical role in this very successful transaction for COBAN’s shareholders, and we could not have obtained the result without them. We highly recommend the BVCA team to anyone who is considering a transaction,” Lee added.
“Despite the complexities of this transaction, it was quite a collaborative effort from both parties and their respective advisors,” said Shaver, Senior Managing Director of BVCA. “We were all able to achieve an outcome designed to benefit both parties over time, which makes this transaction particularly rewarding,” he added.
In the past twelve months, BVCA has worked on more than a dozen middle market transactions, many of which include tax planning and financial due diligence from the Briggs & Veselka, CPA Transaction Advisory Group.
About COBAN Technologies
COBAN Technologies is committed to manufacturing and developing digital video solutions of the highest caliber for public safety agencies. COBAN’s unique design of in-car video systems, interview room systems, body worn cameras, evidence management, and back office management software provides law enforcement with a complete digital solution that maximizes return on investment. Since 2002, COBAN’s commitment to the highest standards of integrity has contributed to the overall satisfaction of our customers. Thousands of COBAN systems have been deployed by hundreds of police departments across the United States, ranging from small departments with a few vehicles, to large, multi-precinct cities such as the City of Los Angeles and City of Chicago. For more information about COBAN please visit www.cobantech.com.
About Safe Fleet
Headquartered in Belton, MO, Safe Fleet owns a portfolio of brands that provide safety solutions to fleet vehicle manufacturers and operators around the world. These brands serve several major markets including: Bus, Rail and RV, Truck and Trailer, Work Truck, Emergency, Waste, and Industrial and Military. With over 1,100 employees and 10 manufacturing locations, Safe Fleet targets markets with increasing demand for operator, passenger, and pedestrian safety. For more information about Safe Fleet and our portfolio of brands please visit www.safefleet.net.
About B&V Capital Advisors
B&V Capital Advisors provides buy-side, and sell-side advisory services, including corporate recapitalizations, to closely-held private companies, with a focus on the middle market — generally companies with operating earnings from $1,500,000 to approximately $20,000,000. Our engagements are characterized by listening to clients’ needs; providing objective facts on the implications of each option; collaboration with other outside advisors; a holistic approach to transaction tax planning; and a focus on long-term relationships rather than solely being transaction focused. The firm provides its investment banking services through Independent Investment Bankers Corporation, a broker-dealer, and is a member of FINRA and SIPC.