StrategyCorps Announces Capital Partnership with Estancia Capital Partners to Enhance Solutions and Accelerate Growth
July 09 2024 - 6:00AM
Business Wire
StrategyCorps, LLC (“SC” or the “Company”), the industry-leading
provider of deposit analytics and retail and small business
checking-related solutions, and Estancia Capital Partners, a
respected lower-middle market private equity firm with a successful
investing track record in the financial services industry,
announced today that they have successfully closed on a capital
partnership. Estancia is making a significant investment in SC,
which will fuel its growth initiatives including creating new
solutions, business development, enhanced client and member
services, and targeted strategic acquisitions/partnerships.
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Headquartered in Nashville, TN, StrategyCorps is a pioneer in
checking account optimization and analytics. SC’s innovative
approach incorporates third-party reward-based offerings for banks
and credit unions paired with CheckingScore® proprietary data
analytics. The Company’s solutions enable financial institutions
(“FIs”) to offer material benefits to their clients and gain
extensive insights into serving clients comprehensively. With its
two distinct product offerings, BaZing® and BaZingBiz®, SC
successfully serves nearly 300 FI clients, catering to the needs of
retail clients and SMBs.
“In the fiercely competitive banking landscape, being the
Primary FI hinges on offering relevant products and exceptional
service. Our strategic partnership with Estancia positions
StrategyCorps to expand rapidly, evolve our top-performing
solutions, and help community and regional FIs outshine mega and
digital banks. It also accelerates our client’s ability to generate
new revenue, countering the decline of traditional checking-related
revenue under regulatory pressure,” affirmed Mike Branton, Chairman
and CEO of StrategyCorps.
Dana Kurttila, Managing Director at Estancia, stated,
“StrategyCorps has a long and proven track record of optimizing and
growing retail and small business customer relationships for their
FI clients. SC employs its unique approach of combining actionable
analytics with modern, enhanced product solutions. We at Estancia
are eager and look forward to bringing our experience in financial
technology and banking solutions to accelerate growth and enhance
the potential of StrategyCorps' solutions in collaboration with
SC’s talented team.”
Darrin Jeffries, Managing Director and Chief Operating Officer
at Estancia, emphasized, “The alignment of interests between
Estancia and SC's management is a key factor in our partnership. We
look forward to adding strategic and operational value to SC.”
“In addition to their successful track record as capital
partners, Estancia’s approach aligns seamlessly with our culture
and corporate values. This alignment is crucial as it ensures that
our existing management and strategy stay in place while providing
broader ownership opportunities for StrategyCorps employees to
reward their performance. Their approach was the difference maker
in choosing Estancia versus others we considered,” said Dave Crook,
President and Chief Revenue Officer.
The transaction closed on June 28, 2024. Keefe, Bruyette &
Woods, A Stifel Company (KBW), and Bass Berry Sims (BBS) acted as
financial and legal advisors to StrategyCorps, respectively.
Estancia selected First Eagle Investments and Andalusian Credit
Partners as its capital partners for this investment. Jefferies LLC
and Kirkland & Ellis LLP acted as financial and legal advisors
to Estancia, respectively.
About StrategyCorps
Since 2001, StrategyCorps has been a trusted provider of
checking account optimization through third-party reward-based
offerings for banks and credit unions. SC leverages analytics data
to optimize revenue opportunities for financial institutions and
provide detailed insight into client segmentation, revenue
optimization, and expense reduction. Nearly 300 financial
institutions have generated billions of value-based recurring
revenue and deposit growth from its checking solutions, supported
by industry-leading actionable deposit analytics, a proprietary
merchandising formula, dynamic pricing, and an unbeatable digital
user experience For more information, visit
www.strategycorps.com.
About Estancia
Estancia is a specialist private equity firm investing in lower
middle-market companies that provide mission-critical solutions to
the financial system. Estancia’s Principals have a history of
successfully partnering with management teams to provide capital to
facilitate portfolio companies' strategic development, including
management buy-outs from larger financial firms, private
ownership/succession transitions, growth initiatives, and team
lift-outs. For more information, visit
www.estanciapartners.com.
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Media Contact:
Mike Branton Chairman and CEO StrategyCorps
mike.branton@strategycorps.com
Dana Alan Kurttila Managing Director Estancia Capital Partners
dkurttila@estanciapartners.com