Monday, December 10, 2018

D.A. Davidson & Co. Acts as Exclusive Financial Advisor to SmartRG, Inc. in its Sale to ADTRAN, Inc.

BWW News Desk
December 06, 2018

a referrerpolicyunsafeurl targetblank hrefhttpsctsbusinesswirecomctCTidsmartlinkampurlhttps3A2F2Fdadavidsoncom2FWHATWEDO2FInvestmentBankingampesheet51910625ampnewsitemid20181206005728amplanenUSampanchorDADavidson26Coampindex1ampmd56bc123628b518daa6c2aa1779b961522 relnofollowDA Davidson amp Coa announced today that it has served as exclusive financial advisor to SmartRG Inc in its sale to ADTRAN Inc NASDAQ ADTN a leading provider of nextgeneration open networking solutions pblockquotep idpullquotepblockquote p Based in Vancouver Wash SmartRG is a longstanding industry leader with expertise in opensource software development as well as a comprehensive portfolio of cloudmanagement analytics WiFienabled residential gateways and its SmartOS software platform The company counts more than 3 million devices in service and over 13 million devices under management in North America the Caribbean and South America p p We are pleased to have been able to work with the DA Davidson technology investment banking team on this transaction said Jeff McInnis CEO of SmartRG Their industry knowledge buyer relationships and deep transaction expertise enabled the company and its shareholders to achieve an optical outcome from this transaction p p Jeff and the rest of the SmartRG team have done a tremendous job growing SmartRG into the leading connected home and cloud services provider it is today said Brad Gevurtz managing director at DA Davidson This transaction provides SmartRG with the capital and resources of ADTRAN to significantly accelerate innovation and execute on its numerous growth initiatives p p a referrerpolicyunsafeurl targetblank hrefhttpsctsbusinesswirecomctCTidsmartlinkampurlhttps3A2F2Fdadavidsoncom2FWHATWEDO2FInvestmentBankingampesheet51910625ampnewsitemid20181206005728amplanenUSampanchorDADavidson27sinvestmentbankingdivisionampindex2ampmd589b57c170b6c99f4a77dac08e43161a4 relnofollowDA Davidsons investment banking divisiona is a leading fullservice investment bank that offers comprehensive financial advisory and capital markets expertise The group has extensive transaction experience serving middle market clients worldwide across five industry verticals consumer diversified industrials financial institutions real estate and technology p p Together with its European strategic partner MCF Corporate Finance DA Davidson originates and executes transatlantic MampA transactions under the common brand of DA Davidson MCF International p p bAbout DA Davidson Companiesb p p DA Davidson Companies is an employeeowned financial services firm offering a range of financial services and advice to individuals corporations institutions and municipalities nationwide Founded in Montana in 1935 with regional headquarters in Great Falls Denver Los Angeles Portland and Seattle the company has approximately 1350 employees and offices in 25 states coast to coast p p Subsidiaries include DA Davidson amp Co the largest fullservice investment firm headquartered in the Northwest providing wealth management investment banking equity and fixed income capital markets services and advice Davidson Investment Advisors a professional asset management firm DA Davidson Trust Company a trust and wealth management company and Davidson Fixed Income Management a registered investment adviser providing fixed income portfolio and advisory services p p For more information visit a referrerpolicyunsafeurl targetblank hrefhttpsctsbusinesswirecomctCTidsmartlinkampurlhttp3A2F2Fdadavidsoncomampesheet51910625ampnewsitemid20181206005728amplanenUSampanchordadavidsoncomampindex3ampmd5c6eb3ee4851cd00c6d17706dbd818321 relnofollowdadavidsoncoma Twitter a referrerpolicyunsafeurl targetblank hrefhttpsctsbusinesswirecomctCTidsmartlinkampurlhttps3A2F2Ftwittercom2FDADavidsonCoampesheet51910625ampnewsitemid20181206005728amplanenUSampanchor40DADavidsonCoampindex4ampmd59f48223264a53b1a966bbe41d32613cf relnofollowDADavidsonCoa or LinkedIn a referrerpolicyunsafeurl targetblank hrefhttpsctsbusinesswirecomctCTidsmartlinkampurlhttps3A2F2Fwwwlinkedincom2Fcompany2F164042Fampesheet51910625ampnewsitemid20181206005728amplanenUSampanchorDADavidsonCompaniesampindex5ampmd59f00723503fe565929b8bae8a301e35f relnofollowDA Davidson Companiesa p p p

SOURCE: BUSINESS WIRE. ©2015 Business Wire

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