Sale to TZP Group LLC
Baird served as the exclusive financial advisor to Thing5 LLC
AboutThing5 LLC (“Thing5” or the “Company”) recently completed a majority investment from TZP Capital Partners (“TZP”). Terms of the transaction were not disclosed.
Thing5 is a provider of next-generation voice solutions for the hospitality industry. The Company’s offerings allow hotels to have access to cost-effective solutions that enable control over the voice and online channels. Solutions include call center services, hosted PBX, voicemail, auto-attendant, SIP trunking, mobile device integration solutions, social media services and support for legacy PBX systems. Thing5’s offerings fully integrate the people and technology components of voice services and enable access to advanced analytics for all customer voice interactions. The Company’s services are delivered on a highly scalable and geographically redundant platform as a Communication-as-a-Service (CaaS). Thing5 is headquartered in Springfield, Massachusetts.
Founded in 2007, TZP is a private equity firm focused on investments in North American-based business and consumer services companies. TZP targets companies with solid historical profitability and sustainable value propositions, and seeks to be a “partner of choice” for business owners and management teams. TZP is headquartered in New York, New York.
For additional information about this transaction, please contact:
- October 2013
- Thing5 LLC
- Technology & Services
- Target Geography
- North America
- Acquiror Geography
- North America
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