BellMark Partners, LLC advised Cass Information Systems, Inc. (“Cass” or “the Company”) in the divestiture of its Telecom Expense Management (“TEM”) and Mobility Managed Services (“MMS”) business unit (the “Business Unit”) to Asignet USA Inc. (“Asignet”), a portfolio company of Boston-based investor, Abry Partners.
Cass (Nasdaq: CASS) is a publicly traded financial and technology solutions provider specializing in enterprise payment solutions and information processing. The Company processes over $90 billion in annual disbursements and more than 50 million invoices each year, supporting spend management needs for many of the largest corporations in the U.S.
Business Description
Headquartered in Greenville, SC, the Business Unit provides premier end-to-end telecom expense management and managed mobility services dedicated to ensuring cost-saving optimization solutions. The Business Unit offers a complete range of managed TEM, provisioning, end-user support, and strategic sourcing solutions to Fortune 1000 customers across industrial, retail, financial services, technology, and healthcare markets. The Business Unit’s white-glove approach delivers measurable cost savings and operational efficiency through an integrated, automation-enabled platform.
Transaction Description
BellMark Partners, LLC acted as the Company’s exclusive financial advisor in connection with this transaction. BellMark Partners, LLC was selected by Cass due to its TEM & MMS expertise and its senior-level attention to transaction execution.