Black Lake Capital, an Evergreen-based private equity firm, has announced the successful exit of its portfolio company, A5, a premier digital transformation consultancy, following its acquisition by Accordion.
A5 is widely recognized for its expertise in the Salesforce ecosystem, specializing in Configure, Price, Quote (CPQ), Revenue Cloud, and various CRM implementations. During its partnership with Black Lake Capital, A5 underwent significant growth, expanding its market reach through the strategic acquisitions of Ramsey Solutions, Cloudware Connections, and SnapBI. The company also secured a notable investment from Salesforce Ventures during this period.
The acquiring firm, Accordion, is a New York-based financial consulting firm that focuses on the private equity sector. By integrating A5’s digital capabilities, Accordion aims to enhance its data and AI-powered services for the Office of the CFO, supporting clients through the entire investment lifecycle.
“This transaction marks another milestone for Black Lake Capital’s founder-focused strategy,” the firm stated in a press release. Black Lake Capital, which focuses on technology-enabled businesses with annual cash flows between $2 million and $12 million, has been active in the software, cybersecurity, and managed services sectors since 2013.
Guggenheim Securities, LLC acted as the exclusive financial advisor to A5 for the deal. While the acquisition has been finalized, the specific financial terms of the transaction were not disclosed.