TOMBALL,
Texas, Aug. 6, 2024 /PRNewswire/ -- 1876 Partners
Fund I, LP ("1876 Partners"), today announced the acquisition of
Maverick Document Signings, Inc. ("Mavsign"), the technology
leader in remote document closing, fraud detection and fraud
mitigation services for motor vehicle dealerships in the United States.
"We are thrilled to welcome Mavsign to the 1876
Partners team," said Managing Partner, Robert Burnett. "This acquisition represents a
significant milestone in our growth strategy, allowing us to
leverage our industry knowledge with Mavsign's expertise,
technology, and established market presence. Together, we
will deliver even greater value to our customers and
stakeholders."
Mavsign
has earned a robust reputation over
the past 17 years
as a pioneer in remote vehicle
transactions, assisting dealers to streamline
closings and mitigate fraudulent transactions
with its VerifyID technology. Additionally, Mavsign
provides the largest mobile notary network with 13,500 validated
notaries and 3,500 active notaries covering every state in tandem
with its industry leading technology. The company's
commitment to innovation and customer satisfaction
aligns perfectly with 1876 Partners'
core values and long-term vision.
Mavsign President, Jeff Eichelberger said,
"I am excited for what tomorrow
holds for Maverick. I
know it is in great and capable hands."
As part of the integration process, 1876 Partners and Mavsign
will work closely to ensure a seamless transition for customers,
employees, and partners. Both companies are committed to
maintaining their strong relationships and continuing to deliver
exceptional service. "We are looking forward to working with this
exciting team to continue Mavsign's ability to bring dealers
current and exciting new services to protect, build profit, and
enhance the customer experience," said Mavsign Vice President,
Thane Nyo.
Colonnade Securities LLC acted as financial
advisor to Mavsign.
About Maverick Document Signings, Inc.: Mavsign
secures remote closings of financial contracts for automotive
dealerships using digital contracting tools, personalized solutions
and innovative remote signing services for fast, secure and
accurate transactions. Established in 2007, Mavsign has a
history of excellence and is the industry leader in the provision
of these services.
Please visit us at www.mavsign.com.
About 1876 Partners: 1876 Partners is an emerging lower middle
market buyout firm driven to partner with successful B2B software
and technology companies, to generate value for its investors and
broad value for the American economy. The company is headquartered
in Tomball, Texas. For more information, please contact us at
info@1876partners.com or see our website at
www.1876partners.com.
About Colonnade Securities LLC: Colonnade Securities is a
leading investment bank focused on the business services and
financial services industries with proven M&A expertise
advising large institutions, private
equity firms, and entrepreneurs on over $10 billion in transactions since 1999.
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SOURCE 1876 Partners