Dunn Rush Advises Fonative on Sale to Finvi

November 19, 2021

Transaction Announcement

BOSTON, MA — Dunn Rush & Co. LLC is pleased to announce the recent closing of the sale of Fonative, Inc. (“Fonative”) to Finvi (formerly Ontario Systems, LLC). Dunn Rush & Co. served as financial advisor to Fonative in the transaction.  

Fonative (www.fonative.com), helps businesses connect with customers through voice and text, providing compliant communications via Communications Platform as a Service (“CPaaS”). The Company has decades of telecom experience and call center on-premise systems, with a particular focus on the voice and text messaging CPaaS market – providing highly regulated industries with a reliable communications platform. Fonative was founded in 1992 is headquartered in Lowell, Massachusetts.

Finvi (www.finvi.com) is a premier provider of enterprise technologies that streamline and accelerate revenue recovery for clients across healthcare, government, accounts receivable management, and payment tools. Finvi allows its client partners to generate more revenue at reduced cost and fulfill their stated business outcomes by effectively engaging those who pay. Finvi has offices in Massachusetts, Indiana, New Mexico, Delaware, and Washington.

For more information about this transaction, you can click here to access the press release.

Dunn Rush & Co. LLC was founded in 2009 to provide high quality merger and acquisition advisory services to middle market companies valued between $20 million and $250 million. Dunn Rush & Co. LLC has significant expertise in the following industry sectors: Business Services; Consumer; Defense & Security; Healthy Living; Instrumentation; Manufacturing & Distribution; Medical Technology & Services; and Technology, Software & Data Services. The Firm is a registered Broker-Dealer and is headquartered at 225 Franklin Street, Boston MA 02110. For further information, please visit our website at dunnrush.com or contact us at 617-451-0001.

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What Clients Are Saying About Dunn Rush

When I decided to sell my third generation, family business, I had many concerns. I wanted to be represented by an Investment Bank who had a strong reputation in the mergers and acquisition market, knew the market we participated in well enough to target likely interested parties, and who would manage the process of the transaction with various family members with various personal interests.

Betsy Alden / Former CEO and Owner, Alden Products

I had never sold a business before and didn’t realize everything that went into it, or the time involved. One of my best decisions was hiring professionals, Dunn Rush & Co., to guide us through the sale process. Their experience, determination and guidance resulted in a very smooth and efficient transaction. They were especially helpful during the negotiations over price. We achieved optimal results for all constituents: our shareholders, employees and customers.

Bill Jemison / Former Owner and CEO, Heyco Products, Inc.

I have seen the Dunn Rush team perform in several sell-side situations. You want them on your team! Their preparation and attention to detail is impressive. They are also real good people to have by your side during a stressful time. In the case of Bridgeport Fittings, Kevin and Greg introduced us to their Gold Standard of Preparation and we took their advice getting audited financial statements and a Quality of Earnings report. This preparation made the due diligence process go smoothly, helped the firm proactively address issues and greatly improved the due diligence process. The final results exceeded our expectations.

Nate Levenson / Board Member, Bridgeport Fittings, Inc.

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