Reston, VA - February 28, 2018. LNC Partners ("LNC") is pleased to announce that it recently completed the purchase of CrossLink Professional Tax Solutions, LLC (“CrossLink” or the ”Company”, and formerly Petz Enterprises, LLC), a leading provider of professional tax software solutions to tax preparers across the United States. LNC partnered with the Company's CEO, Reynold Sbrilli, who has been instrumental in growing the business into an industry leader over the past six years. Mr. Sbrilli and his executive team will continue managing CrossLink’s day-to-day operations.
“This is a pivotal moment in the Company’s history,” stated CEO Reynold Sbrilli. “In order to continue growing Crosslink and its leadership position in the professional tax software marketplace, we saw the need for a new partner that could help us unlock the true growth potential of our business.” Mr. Sbrilli added, “LNC is a natural fit for us as they are committed to working with our executive team and investing for the betterment and growth of the business.”
“We are thrilled to be backing a proven, committed executive team led by CEO Rey Sbrilli and believe that we can add our expertise and resources to help deliver the best value to CrossLink’s customers,” said Robert Monk, Managing Partner of LNC.
Twin Brook Capital Partners provided the senior debt financing for the transaction.
About LNC Partners
LNC Partners is a Northern Virginia based private equity firm with over $235 million of capital under management that provides flexible capital solutions to lower middle market companies. The firm seeks companies that generate at least $2 million of EBITDA across a broad range of industries and places an emphasis on executive-owned and family-owned businesses.
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