Intrepid Investment Bankers LLC Advises Tax Credit Co. in its Recapitalization with Veronis Suhler Stevenson

LOS ANGELES--(BUSINESS WIRE)--Intrepid Investment Bankers LLC (“Intrepid”), a leading middle market investment banking firm, today announced the recapitalization of Tax Credit Co. (“TCC”) through an investment by VSS Structured Capital II, an investment fund affiliated with Veronis Suhler Stevenson (“VSS”). TCC is a national provider of tax incentive consulting, administration and technology, serving clients from Fortune 100 to small businesses. The company helps clients increase earnings by optimizing the process of obtaining state and federal tax incentives, including state enterprise zone tax credits, state and federal research and development tax credits, national hiring incentives such as the Work Opportunity Tax Credit (WOTC) and other state and federal programs. TCC’s proprietary, next-generation software platform manages national tax credit screening and compliance for large, complex organizations. Tax Credit Co. is based in Los Angeles.

“TCC is an industry leader, with a dynamic management team and unique culture, and we are proud to have played an integral role in helping it find a proven partner for its next phase of growth”

VSS is a private equity and debt capital fund management company dedicated to investing in the information, education, media, marketing and business services industries in North America and Europe. VSS provides capital for buyouts, recapitalizations, growth financings and strategic acquisitions to companies and management teams with a goal to build companies both organically and through a focused add-on acquisition program.

“Intrepid had our best interests in mind every step of the way, and helped us identify the right partner in VSS,” said Brandon Edwards, TCC’s CEO. “The team’s relentless dedication to our objectives led us to a stellar result. We are very excited about our future and believe this investment by VSS will only enhance our ability to identify and deliver innovative solutions and valuable tax credits in partnership with our clients.”

“TCC is an industry leader, with a dynamic management team and unique culture, and we are proud to have played an integral role in helping it find a proven partner for its next phase of growth,” said Ed Bagdasarian, President and Managing Director of Intrepid. “Brandon and the rest of the team at TCC have built an exciting platform that attracted a lot of investor interest. With the further support of VSS, I am confident TCC will accelerate its growth nationally while maintaining its well-earned reputation for client service and unparalleled results,” commented Steve Davis, Managing Director at Intrepid who led the transaction.

The Intrepid transaction team included Ed Bagdasarian, Steve Davis, Jeremy Lai and Chris Neils.

About Intrepid Investment Bankers LLC

Intrepid Investment Bankers LLC, based in Los Angeles, California, is a mergers and acquisitions and corporate finance advisory firm focused on the middle-market. Intrepid was founded in 2010 by the former principals of Barrington Associates, a firm that grew to become a leading national middle market M&A advisor before its acquisition by Wells Fargo in 2006. Intrepid's services include M&A advisory, equity and debt capital raising and providing strategic advice in complex securities transactions. The firm focuses on the middle market corporate finance needs of entrepreneur and family-owned businesses, private equity sponsors and major corporations. Collectively, the senior team at Intrepid brings over 100 years of mergers and acquisitions advisory experience and has advised on over 250 transactions spanning a broad range of industries, including consumer products and services, industrial manufacturing, healthcare products and services, building products, business services and retail. Intrepid Investment Bankers LLC augments its international capabilities by partnering with M&A International Inc., an exclusive global alliance of independent middle-market mergers and acquisitions advisory firms. www.intrepidib.com Member FINRA/SIPC.