Gainline Capital Partners Completes Sale of Source Advisors

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STAMFORD, Conn., April 7, 2022 /PRNewswire/ — Gainline Capital Partners (“Gainline”) today announced the sale of its portfolio company Source Advisors (“Source”) to BV Investment Partners. Gainline acquired Source in March 2020 and believes the full realization of its investment in two years provides powerful validation of the company’s investment approach.

(PRNewsfoto/Gainline Capital Partners)

“Source is a great example of a collaborative partnership with an ambitious management team with Gainline as its first institutional capital partner,” said Gainline Managing Partner Allan Weinstein.

Based at Fort Worth, TX, Source Advisors is a leading provider of tax incentive solutions to major accounting firms, associations, and Fortune 1000 companies in the United States and around the world. Source provides a combination of consulting services and highly specialized software tools in its core offerings of R&D tax credits, cost segregation, §179D, §45L, LIFO inventory solutions and their software platform automated R&D tax credit, GOAT.tax.

“Gainline was an exceptional partner for Source Advisors,” said Chris Henderson, president of Source Advisors. “The support and guidance of the Gainline team has been instrumental in helping us refine our strategic vision and execute various organic and inorganic growth initiatives. The Source team is proud of what we have achieved during our partnership. with Gainline, and we look forward to continuing to build on this great foundation and working to expand our solutions and better serve our customers.”

Kerri McNicholaspartner of Gainline, said, “It has been a pleasure to work in partnership with the talented team at Source Advisors. Over the past two years, Source has invested in technology solutions, expanded its national reach and made transformative acquisitions. We wish Source a good team in their next chapter.”

“Source is a great example of a collaborative partnership with an ambitious management team with Gainline as its first institutional capital partner,” said Gainline Managing Partner Allan Weinstein. “At Gainline, we help fundamentally sound businesses like Source grow by supporting management’s vision and providing a foundation for businesses to succeed with future partners. This transaction is a testament to the effectiveness of that approach, and we We are proud of the result achieved for all stakeholders.”

Lincoln International acted as exclusive financial advisor; Willkie Farr & Gallagher and Morrison Cohen acted as legal advisors to Source Advisors.

About Gainline Capital Partners
Gainline Capital Partners is a private equity firm that invests in profitable middle-market US companies. The company is focused on being the premier institutional capital and specializes in partnering with management teams to help execute their vision, drive sustainable growth and create long-term value. http://www.gainlinecapital.com/

About Source Advisors
Source Advisors has been helping accounting firms and their clients maximize federal and state specialty tax incentives for nearly four decades. Based at Fort Worth, TX, Source Advisors works with an extensive network of accounting firms to bring R&D tax credit, cost separation, LIFO, §179D and §45L solutions to their clients. With a national team of more than 150 professionals, Source Advisors serves accounting firms, associations and corporations in a variety of industries and sizes. https://www.sourceadvisors.com

Related links

https://www.gainlinecapital.com

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SOURCE Gainline Capital Partners

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