NorthView Advisors represents Regal Software in its sale to MineralTree.
September 23, 2020
NorthView Advisors LLC (“NorthView”) is proud to announce the successful sale of its client, Regal Software (“Regal”) to MineralTree, an Accounts Payable (AP) and payments automation solution provider.
Headquartered in Atlanta, Georgia, Regal Software provides easy-to-use ERP connectors to more than 160 different ERP systems. Its RegalPay solution is used by more than 350 corporate customers and partners including leading banks, card issuers, and financial services institutions to serve their business customers’ needs. By making it easier for users to integrate with both bank and business financial systems, it removes one of the biggest barriers to adoption of e-payments.
“Congratulations to Kofi and his team,” said JT Schroeder, Managing Director of NorthView. “When Kofi started Regal nearly 12 years ago, he never envisioned it to evolve like it has, so much so that very reputable and large companies showed significant interest in acquiring the business. As a result, Kofi asked for us to get involved to help manage the inquiries and overall sales process. We’re ecstatic for Kofi and his team to join a great, well-capitalized organization like MineralTree.”
Kofi Conduah, Founder & CEO of Regal commented, “JT and Northview were consummate professionals throughout the process of selling my business. They always had my best interests in mind and their ability to manage the transaction, particularly during COVID-19, was instrumental to our success. I would highly recommend that anyone looking to sell their business, engage with Northview – you’ll get a transparent, capable, and honest partner if you do.”
Naveen Pogula of Morris Manning & Martin LLP provided legal counsel to Regal in the transaction.