Progress Partners

Investment Banking

Progress Partners is a boutique investment firm based in Boston and New York City providing financial advisory services to companies in media, marketing, advertising, and software.

Progress Partners Advises on Sale of SlimCut to Telaria

New York, NY – June 12, 2018 – Progress Partners, a Boston- and New York-based M&A advisory firm, is pleased to announce that it has advised SlimCut, a technology-based company that focuses on providing outstream video ad solutions for publishers, on their sale to Telaria, a Video Management Platform company that allows publishers to manage premium video advertising.

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Progress Partners Advises on Sale of Swiftpage to SFW Capital Partners

BOSTON, MA – May 23, 2018 – Progress Partners, a Boston- and New York-based M&A advisory firm, is pleased to announce that it has advised on the sale of Swiftpage, the provider of Act! CRM software, a leading cloud-enabled platform aimed at helping small and mid-sized businesses grow, to SFW Capital Partners (“SFW”), a specialized private equity firm that invests in the middle market across the information value chain with a particular focus on information, software, and analytical instrumentation.

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Pandora to Buy Ad-Tech Firm AdsWizz for $145M

BOSTON, MA and NEW YORK, NY – April 9, 2018 – Progress Partners, a Boston- and New York-based M&A advisory firm, is pleased to announce that it has advised on the sale of AdsWizz, the global leader in digital audio advertising and data technology, to Pandora Media, Inc. (NYSE:P), the leading music streaming service in the U.S., for a total consideration of $145,000,000.

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Progress Partners featured in Axial's Milestone Achievement of Facilitating $25B in Closed Middle Market Deals

Axial, the trusted deal network for the middle market, today announced its members have closed more than $25 billion in deals on 2,000-plus M&A and growth capital transactions since Axial’s launch in 2010. To facilitate these closed transactions, Axial arranged more than 2.1 million private member-to-member deal connections. Nearly one-third (650) of the total transactions closed in 2017.

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Progress Partners Hires David Arslanian as New Managing Director

BOSTON, MA – January 10, 2018 – Progress Partners, a Boston and New York-based corporate M&A advisory firm, is pleased to announce the strategic appointment of David Arslanian as a managing director at the firm. David’s expertise in the digital video advertising market and in marketing platform technologies provide us with a sharper lens into those markets as a business development lead for the firm.

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Progress Partners Advises Acquisio on Sale to Web.com

BOSTON, MA – November 16, 2017 – Progress Partners, a Boston and New York-based M&A advisory firm, is pleased to announce that it has advised Acquisio, a leading local business software provider for online advertising management, on its sale to Web.com, a leading global provider of Internet services and online marketing solutions for small businesses.

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Nick MacShane moderates Data Panel at Advanced Advertising

Nick MacShane, founder and senior managing director, was selected to moderate the one-day summit's final 4:30pm panel session, "Data, Data Everywhere," with an esteemed panel of CEOs and senior management from some of TV's top analytics companies.

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Progress Connect 2017 featured Top Talent in Internet and Digital Media Technology

On October 11th, over 300 leaders in media, marketing, advertising, and tech converged on Boston for Progress Partners' second annual Progress Connect, debating what lies ahead, how to navigate the rapidly changing environment, and what available tools to leverage with conversations around “Data, Transparency, and the Future of Media.”

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Progress Partners Advises Mobee on Merger with Quad Analytix to Create Wiser Solutions

BOSTON, MA – September 13, 2017 – Progress Partners, a Boston and New York-based M&A advisory firm, is pleased to announce that it has advised on the merger of its client, Mobee, a crowdsourcing and mobile technology to collect, organize and analyze in-store retail data at scale, with Quad Analytix, a platform to translate ecommerce data into action for brands and retailers.

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Progress Partners Advises on Sale of LocalBizNow (LBN) to Ansira Partners

NEW YORK, NY – September 12, 2017 – Progress Partners, a Boston and New York-based M&A advisory firm, is pleased to announce that it has advised on the sale of LocalBizNow, an all-in-one local digital marketing platform to Ansira Partners, Inc., a leading data-driven, technology-enabled marketing solutions provider.

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Progress Partners Continues to Grow, Announcing Multiple New Hires and a Promotion

BOSTON, MA – September 7, 2017 – Progress Partners has announced that Peirce Sullivan and Nelson Norley have joined the firm and that Morgan Cuthbertson has been promoted. These additions and changes reflect the need to meet the growing demand for the firm’s services within the Internet and Digital Media technology sector.

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Progress Partners Advises LogMeIn on Acquisition of AI-enabled Self-Service Solution Nanorep

BOSTON, MA - Aug. 01, 2017 - LogMeIn, Inc. (Nasdaq:LOGM) today announced that it has agreed to acquire Nanorep, an innovative digital self-service, chatbot and virtual assistant company. Headquartered in Herzliya, Israel, Nanorep harnesses artificial intelligence and patented natural language processing technologies to create solutions that make self-service more engaging and intuitive. 

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Progress Partners Hires Brase, McCarthy, Haddad, and Promotes Hagerty

Boston, MA - May 15, 2017 - Progress Partners is pleased to announce the hiring of Managing Director Bret Brase, Associate Warren McCarthy (CPA), and Analyst Andre Haddad. The Firm has also promoted Pat Hagerty to Senior Analyst. These additions and changes reflect the need to meet the growing demand for the firm’s services within the Internet and Digital Media technology sector.

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Progress Partners Celebrates 15-year Anniversary of Dealmaking

Boston, MA – March, 2017 - We are proud to celebrate Progress Partners’ 15th year of business this year. Founded in 2002 by Nick MacShane in Wellesley, MA, the firm has provided strategic and transactional advisory to hundreds of clients, added three partners to senior management, closed over 40 transactions, and launched a successful venture fund as well as an events brand and annual Summit.

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Progress Partners Announces Promotion of Davis Rosborough to Vice President

New York, NY – March 6, 2017 – Progress Partners is pleased to announce the promotion of Davis Rosborough from Senior Associate to Vice President. The announcement was made by Nick MacShane, Sam Thompson, Chris Legg, and Rick Gallagher, Senior Managing Directors of Progress Partners.

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Progress Partners Named in Axial's 2017 Top 100 Most Recommended Middle Market Investment Banks and Advisors

New York, NY - February 28, 2017 - Progress Partners was named as one of Axial's 2017 Top 100 most recommended middle market buyside investment banks and advisors in the US. From a survey of 1,000 private equity firms, strategic acquirers, and family offices, Axial asked who they trust and respect most when transacting in the middle market. In the end, they compiled a list of 120 advisory firms and banks, headquartered across the US and covering a broad range of transaction experience and industry expertise. Progress Partners was one of them.

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Progress Partners Advises CPXi (NKA Digital Remedy) on Divestiture of bRealTime

Boston, MA – February 9, 2017 – Progress Partners, a Boston and New York-based M&A advisory firm, is pleased to announce that it has advised on the divestiture of its client’s programmatic marketplace and header bidding technology, bRealTime, to a leading private-equity backed marketing and media tech-enabled agency.

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Progress Partners Advises Balihoo on Sale to PE-backed Marketing Agency

Boston, MA – February 7, 2017 – Progress Partners, a Boston and New York-based M&A advisory firm, is pleased to announce that last month it advised on the sale of its client, Balihoo, a paid-search marketing and display ad software and services company, to a leading private-equity backed marketing and media tech-enabled agency.

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Progress Partners Advises CPXi in Securing $6M ABL from Gibraltar Business Capital

New York, NY – January, 2017 – Progress Partners, a Boston and New York-based M&A advisory firm, is pleased to announce the successful advisory of its client CPXi, a New York-headquartered global digital media platform and tech-enabled services company, in securing $6M of debt capital in November 2016 from Gibraltar Business Capital, a privately held middle-market lender providing alternative capital solutions to growth companies.

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Nick MacShane Speaks at Sonobi's Premium Programmatic 360

New York, NY - December 1, 2016 - In a world of emerging platforms, changing technology and shifting consumer behaviors, whether you buy, sell, plan or manage media, navigating the ecosystem and defining success can be a challenge.

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Progress Partners, Inc. © 2002-2018

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