Peakview Partners is pleased to announce that Groundwork has been acquired by Snap! Mobile. Peakview served as the exclusive M&A advisor to Groundwork in this transaction.
Bill Lennon, Co-Founder & CEO of Groundwork, said “Working with Peakview was a delightful experience. As a first time CEO, they took the time to help me understand the process and all of the nuances that go into navigating an acquisition. I learned and grew a tremendous amount from the experience. I also couldn’t be happier with the buyer and the perfect strategic and cultural fit between the companies. Peakview enabled us to maximize the competitiveness of the process by thoroughly engaging the market and engaging with each buyer in the most intelligent way. Peakview will be my first call for my next acquisition.”
Shaun Rader, Managing Director of controlling shareholder M2O, said “Peakview ran a great process from marketing to LOI negotiation to advising us along the way to closing. The combination with Snap! Mobile is a great outcome for the business and team, and the best alternative for investors.”
Groundwork is a digital banking and financial management platform that helps nonprofit teams, groups and clubs budget, collect and spend money transparently. Based in Los Angeles, Groundwork’s easy-to-use, automated payment and notification solution was designed with the intent to alleviate pain for coaches and parents who face payment and collection challenges. For more information, please visit www.ground.work.
Snap! Mobile is the nation’s largest digital fundraising platform for teams, schools and youth organizations. Based in Seattle, Snap! Mobile strengthens developing programs through technology-driven, community-first solutions that support dedicated leaders and champion the next generation. For more information, please visit www.snap-raise.com.