MRO Magazine

D.A. Davidson & Co. Acts as Exclusive Financial Advisor to 3PL Central on its $17.5 Million Investment from Mainsail Partners


December 4, 2015
By Business Wire News

PORTLAND, Ore.

D.A. Davidson & Co., a full-service investment firm with a nationwide investment banking practice, served as exclusive financial advisor to 3PL Central, a leading provider of warehouse management software (WMS), related to its $17.5 million investment from Mainsail Partners, a growth equity firm focused on growing, bootstrapped companies. The growth capital will be used to accelerate 3PL Central’s product development and innovation, expand and enhance its client services, and scale its sales and marketing team.

“3PL Central has generated impressive growth by providing its clients with robust SaaS WMS solutions,” said Brad Gevurtz, Head of Technology Investment Banking at D.A. Davidson. “Mainsail’s investment provides 3PL Central with the expertise and capital necessary to deliver even greater value to its customers and continue to execute on its growth plan.”

“D.A. Davidson’s insight and experience in the software industry provided us with a high level of confidence from day one,” said John Watkins, CEO of 3PL Central.

Nancy Rohman, President and CFO of 3PL Central, added, “Through D.A. Davidson’s hard work and dedication, 3PL Central was able to find the right partner. We are excited to join forces with Mainsail and continue to build 3PL Central as a market leader in cloud-based WMS solutions.”

About D.A. Davidson & Co.

D.A. Davidson & Co. is a full-service investment firm with operations throughout the country. D.A. Davidson’s Equity Capital Markets Group offers a full suite of investment services and products, including investment banking, institutional sales, trading, research and corporate services. D.A. Davidson’s investment banking team provides merger and acquisition services, strategic advisory and access to public and private capital markets. In addition, the firm’s industry-driven research team offers award-winning research and is supported by a dedicated group of sales and trading professionals.

The Equity Capital Markets Group is based in Portland, Ore., and operates from offices in Baltimore; Boston; Chicago; Denver; Great Falls, Mont.; Minneapolis; New York; Orange County, Calif.; Salt Lake City; and Seattle.

D.A. Davidson & Co. is one of four firms within D.A. Davidson Companies, an employee-owned financial services company celebrating its 80th year in business.

D.A. Davidson
Jacquie Burchard,
Office: 406-791-7465
Cell: 406-868-1392
jburchard@dadco.com