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 Hires Brase, McCarthy, Haddad, and Promotes Hagerty

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 Connect 2016: The Inaugural Event

Boston, MA - Last month, Progress Partners hosted its inaugural Progress Connect, drawing over 275 attendees and speakers from a select community of technology entrepreneurs, executives and operators, as well as investors and service providers. 

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Jay Jamijian Speaks on Babson's 2016 Investment Banking Conference M&A Panel

Babson Park, MA - November, 2016 - Progress Partners' associate Jay Jamijian was tapped to speak on M&A Panel for Babson's 4th annual Investment Banking Conference. Hosted by BIBA (Babson Investment Banking Association), Jamijian fielded questions about valuation techniques, best practices for structuring an earn-out and avoiding deal-pitfalls. 

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Progress Partners Advises on Sale of ThinkVine to Ignite Marketing Analytics

Progress Partners, a Boston and New York-based M&A advisory firm, advised on the sale of its client, ThinkVine, a marketing attribution and optimization software business, to Ignite Marketing Analytics (an affiliate of Ignite Technologies), a provider of SaaS and data solutions for enterprises, the companies announced today.

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Progress Partners Advises PubGears in Sale to mTheory, a portfolio company of Regent Equity

Progress Partners, a Boston and New York-based corporate M&A advisory firm, is pleased to announce the sale of its client, PubGears, a supply-side technology provider to the digital advertising industry, to mTheory, a digital media company owned by Regent Equity Partners, a Los Angeles-based private equity firm.

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Progress Partners Advises AdPerfect in its Sale to Private Equity Firm, Lighthouse Equity

Progress Partners, a Boston and New York-based corporate M&A advisory firm is pleased to announce that it has advised AdPerfect in its sale to Vancouver-based private equity firm, Lighthouse Equity. AdPerfect is a Vancouver, British Columbia-based SaaS platform that provides self-serve, web-based classified advertising solutions for publishing groups. Chris Legg and Davis Rosborough of Progress Partners represented AdPerfect in the sale.

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Progress Partners Announces Sale of Adazzle to Comcast

We are thrilled to announce that we recently represented Adazzle in its sale to Comcast Corporation. This sell-side deal is our third Europe to US transaction this year and really speaks to the increasingly global nature of our business.

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Progress Partners Advises Raycom in Acquisition of Auto Focused Ad Platform PureCars

Progress Partners, a Boston and New York-based corporate M&A advisory firm is pleased to announce that it has advised Raycom Media in its acquisition of PureCars. Nick MacShane and Rick Gallagher, Managing Directors for Progress Partners advised the buy-side deal for Raycom Media in the transaction for this milestone-first significant digital media acquisition for the television broadcaster.

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Progress Partners Builds Momentum; Strengthens Buy-Side Due Diligence and M&A Services, Expands SMB & Software Capabilities

Progress Partners, a Boston and New York-based corporate M&A advisory firm is pleased to announce that it has broadened its offerings and strengthened its buy-side due diligence and M&A services with the appointments of Chris Legg and Rick Gallagher as Senior Managing Directors.

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Progress Partners advises LSN Mobile on sale to Raycom Media

Progress Partners is pleased to announce its role as the exclusive sell-side advisor to LSN Mobile, of which select assets have been acquired by Raycom MediaNick MacShane of Progress Partners led the process.

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Progress Partners Advises Ilesfay on Successful Acquisition

Progress Partners is pleased to announce that Ilesfay Technology Group (www.ilesfay.com), a provider of cloud technology solutions that enables real-time data replication and collaboration, has been acquired by a Fortune 1000 company. Progress Partners acted as advisor to Ilesfay in the transaction, with Nick MacShane and Chris Legg leading the engagement. 

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Sam Thompson Judges TechCrunch Pitch-Off

Progress Ventures is pleased to announce that General Partner Sam Thompson will be judging the pitch-off competition at the TechCrunch Boston Meetup at The Estate on Wednesday, November 13, 2013, from 6-10PM.

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© 2017 Progress Partners, Inc.

50 Milk St., 16th Floor, Boston, MA 02109  |  Empire State Building, 62nd Floor, New York, NY 10118 | (617) 401-2700

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