A Fox Rothschild Corporate Deal team represented STAT Recovery Services, LLC, an invoice audit software company, in its sale to Cambridge Capital, a Florida private equity firm.
Headquartered in Bentonville, Arkansas, STAT Recovery helps retail suppliers optimize revenue by reducing improper deductions and compliance fines from large retailers.
The investment from Cambridge “will enable STAT to significantly enhance its technology offerings for retail suppliers, expand into additional retail ecosystems, and accelerate growth via significant partnerships with supply chain, transportation, logistics and other relevant companies,” the companies announced in a press release.
Peter Tucci, co-chair of the firm’s Mergers and Acquisitions Practice, led the Fox deal team. He was assisted by attorneys Martin A. Culhane III, Seth I. Corbin, Tristram R. Fall III, Steven K. Ludwig, Christopher L. Pizzo, Brandon J. Lee, E. Dallin Seguine, Sheldon S. Miles and paralegal Jennifer M Vinciguerra.
“The team at Fox Rothschild was amazing throughout our transaction. Big thanks to Peter Tucci, Brandon Lee and Jennifer Vinciguerra. They made it a smooth process for us, and we’re very grateful for their hard work and attention to detail,” said Casey Roberts, Founder & President of STAT.
Equiteq Advisors Ltd. served as exclusive financial advisor to STAT. McDermott Will & Emery represented Cambridge Capital in the transaction. Deal terms were not disclosed.
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