Market Overview

Veronis Suhler Stevenson (VSS) Invests in Tax Credit Co.

NEW YORK--(BUSINESS WIRE)--

Veronis Suhler Stevenson (VSS), a private investment firm focused on the information, education, media, marketing and business services industries, announced today that it has made an investment in Tax Credit Co. (“TCC”), a national provider of tax incentive consulting, administration and technology. VSS's investment was made through its second structured capital fund, VSS Structured Capital II.

TCC uses proprietary processes, software and expertise to assist the most respected regional and national companies in identifying valuable federal and state tax credits. TCC has expertise in federal and state research and development tax credits, state enterprise zone and economic development incentives, Work Opportunity Tax Credit (“WOTC”) incentives and other tax incentive programs nationwide.

Tax incentives derive from over 30 years of bipartisan-supported legislation that has created billions of dollars of potential corporate tax credits to encourage the hiring of designated individuals, investing in research and development and engaging in other economic development activities. “Currently, only a fraction of these credits are being realized,” commented Michael Kessler, Partner, VSS Structured Capital II, LLC. “We believe that TCC has developed the knowledge and systems to fully access these credits for their clients.”

“TCC's services save clients money. The company has emerged as an industry leader, as it has proven repeatedly that it can work together with clients and taxing authorities to deliver more compelling results than its competitors,” said Jeffrey Gordon, Director at VSS.

“VSS's investment provides TCC with institutional sponsorship that will facilitate product launches and other corporate initiatives,” said Brandon Edwards, TCC's CEO. “The partnership will allow TCC to continue its positive momentum and expand client services while maintaining its entrepreneurial spirit.” George Cole, Partner, VSS Structured Capital II, LLC, added, “We welcome the opportunity to partner with Brandon Edwards and his team to seek to accelerate organic growth and pursue add-on acquisitions in a highly fragmented industry. TCC is a good fit with VSS's focus on the business information services sector.”

VSS has extensive experience in the data-enabled business services sector including such platform investments as Ipreo, a provider of market intelligence, deal execution platforms and investor communication tools to global investment banks and corporations; SHL, a provider of cloud-based talent measurement and management solutions; Strata Decision Technology, a provider of SaaS solutions for financial and business analytics and decision support for healthcare provider organizations; Avatar International, a provider of intelligent and customizable survey-based products for the healthcare industry; Source Medical Solutions, a provider of outpatient information solutions and revenue cycle management services for ambulatory surgery centers, specialty hospitals, and rehabilitation clinics nationwide; and Ebiquity, a business information services company providing global advertising monitoring and press monitoring services.

About Tax Credit Co.

Tax Credit Co. is a national provider of tax incentive consulting, administration and technology, serving clients from Fortune 100 to small business. The company helps clients increase earnings by optimizing the process of obtaining state and federal tax incentives, including state and federal research and development tax credits, state enterprise zone tax credits, national hiring incentives such as the Work Opportunity Tax Credit (WOTC) and other state and federal programs. Tax Credit Co.'s proprietary, next-generation software platform manages national tax credit screening and compliance for large, complex organizations. Tax Credit Co. is based in Los Angeles. For more information, please visit the company's website at www.taxcreditco.com.

About Veronis Suhler Stevenson

Veronis Suhler Stevenson is a private equity and debt capital fund management company dedicated to investing in the information, education, media, marketing and business services industries in North America and Europe. VSS provides capital for buyouts, recapitalizations, growth financings and strategic acquisitions to companies and management teams with a goal to build companies both organically and through a focused add-on acquisition program. Since the closing of the first VSS Buyout Fund in 1987, VSS has managed four Buyout Funds and two Structured Capital Funds with aggregate committed capital in excess of $3.1 billion. The six funds have to date invested approximately $2.7 billion in 70 portfolio companies which have in turn completed over 320 add-on acquisitions. The company's website is www.vss.com.

For more information:
Veronis Suhler Stevenson
Brooke Palizi, 415-747-8042
palizib@vss.com

 

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