Hyde Park Capital Announces Sale Of MidAmerica To Alpine Investors

Hyde Park Capital Announces Sale Of MidAmerica To Alpine Investors

Tampa, Florida - September 22, 2015 - Hyde Park Capital Advisors, LLC (“Hyde Park Capital”) is pleased to announce the recent sale of MidAmerica Administrative & Retirement Solutions, Inc. (“MidAmerica”) to Alpine Investors (“Alpine”).  MidAmerica is as a leading provider and administrator of retirement and other tax-advantaged benefit plans for government and education employers throughout the United States.  Hyde Park Capital served as the exclusive investment banker to MidAmerica for this transaction.

“From day one, both Bob Georges, the Company’s founder, and I were impressed with Alpine Investors” said Wes Compton, President of MidAmerica since 2002.  “We have had a long-standing relationship with Hyde Park Capital and without their assistance I doubt an introduction would have been made.  We are both very pleased with the outcome of the transaction and as importantly are confident that MidAmerica is in good hands.”

“We are truly impressed by the business that Wes Compton and Bob Georges built in MidAmerica and are excited to back Ray Kelly, an experienced CEO and member of Alpine’s PeopleFirst program, as MidAmerica’s CEO through our investment” said Dan Sanner, Partner with Alpine Investors.  “Hyde Park was a pleasure to work with on the transaction and did a great job of articulating MidAmerica’s compelling story and value proposition.”

“We are pleased to have represented MidAmerica, a successful privately-owned company, and worked with the Company’s principals on this very important transaction for its employees and shareholders” said Keith Hodgdon, Managing Director with Hyde Park Capital.  “MidAmerica represents an excellent fit with Alpine’s industry expertise and values-driven investment strategy and Hyde Park Capital is delighted to have initiated and negotiated this transaction for MidAmerica as their investment banker in the sale of the Company.”

About MidAmerica Administrative & Retirement Solutions

MidAmerica provides innovative tax advantaged group retirement and health care reimbursement programs to over 2,500 school district and other governmental employers.  The Company provides full service administrative services for close to a million employees with well over $1 billion in assets under direct management. MidAmerica has been serving the unique needs of the public sector for close to 20 years.  More information about MidAmerica is available at www.midamerica.biz.

About Alpine Investors

Alpine Investors is a values-driven private equity firm whose mission is to build enduring companies through working with, learning from, and developing exceptional people.  This PeopleFirst strategy involves finding great values-led CEOs and working closely with them as CEOs-in-Residence to find and pursue founder-owned businesses that are poised for growth but will need new CEO leadership post-transaction.  Alpine specializes in lower middle-market companies in the software, online and business services industries, having raised over $900 million of committed capital and invested in 31 platform companies since inception in 2001. The Alpine team includes 18 professionals with diverse investing, operations, management, and finance backgrounds.  More information about Alpine Investors is available at www.alpine-investors.com.

About Hyde Park Capital

Hyde Park Capital is an institutionally focused investment banking firm specializing in mergers and acquisitions and private placements and serving the corporate finance needs of middle market public and private companies. Our principals have extensive investment banking experience executing merger & acquisition engagements, including purchase and sale of company assignments, recapitalizations, financial advisory, fairness opinions and raising growth capital and acquisition financing for companies, including equity, mezzanine and senior debt.  As one of the most active investment banking firms in the Southeast, our professionals have advised on more than 300 corporate investment banking transactions totaling more than $10 billion in transaction value.  We are headquartered in Tampa, Florida and are a member of FINRA and SIPC.  For additional information on Hyde Park Capital, visit www.hydeparkcapital.com or call (813) 383-0202.

Client Testimonials

"Hyde Park’s team guided us through the process, providing us with a number of high quality counter-parties, and supported us through the transaction structuring, negotiation and due diligence. We are very pleased with the outcome and excited for the future of DTS.”
Allen Ibaugh, Co-Founder and CEO of Data Transfer Solutions
“We enjoyed working with Hyde Park Capital and appreciated their M&A expertise in the technology services sector and their help on this important transaction.”
Chris Toepke, CEO of Trifecta
“We very much appreciated the assistance of Hyde Park Capital on this strategic acquisition for ITE. Their M&A experience was quite helpful to our team and the overall process and assured the deal was well executed and we got it closed on schedule.”
Scott Dols, CEO of Industrial Truck & Equipment, LLC
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