
Summary
- GERS was the recognized leading provider of enterprise solutions for middle market retailers
- Montgomery has advised GERS on its sale to Symphony Technology Group in 2003
- GERS hired Montgomery for its: superior execution experience; relevant industry relationships and domain expertise
- Montgomery leveraged existing relationships with potential strategic and financial buyers to create a competitive bidding environment that resulted in attractive deal economics and transaction terms for the Company
- Montgomery coordinated all due diligence, managed negotiations, and drove the transaction to close – from engagement to signing / announcement
Montgomery created a “win-win” situation:
- Montgomery process preserved critical deal momentum and resulted in premium valuation for shareholders
- Golden Gate Capital decided to rebrand all of its retail e-business technology (the combined assets of GERS and existing portfolio companies Ecometry, ADS Retail, and Blue Martin) as Escalate Retail and gained a significant footprint in retail software market