Intrepid Advises Tax Credit Co. in its Recapitalization with Veronis Suhler Stevenson

Intrepid today announced the recapitalization of Tax Credit Co. (TCC) through an investment by VSS Structured Capital II, an investment fund affiliated with Veronis Suhler Stevenson (VSS).  TCC is a national provider of tax incentive consulting, administration and technology, serving clients from Fortune 100 to small businesses. The company helps clients increase earnings by optimizing the process of obtaining state and federal tax incentives, including state enterprise zone tax credits, state and federal research and development tax credits, national hiring incentives such as the Work Opportunity Tax Credit (WOTC) and other state and federal programs. TCC’s proprietary, next-generation software platform manages national tax credit screening and compliance for large, complex organizations. TCC is based in Los Angeles.

VSS is a private equity and debt capital fund management company dedicated to investing in the information, education, media, marketing and business services industries in North America and Europe. VSS provides capital for buyouts, recapitalizations, growth financings and strategic acquisitions to companies and management teams with a goal to build companies both organically and through a focused add-on acquisition program.

“Intrepid had our best interests in mind every step of the way, and helped us identify the right partner in VSS,” said Brandon Edwards, TCC’s CEO. “The team’s relentless dedication to our objectives led us to a stellar result. We are very excited about our future and believe this investment by VSS will only enhance our ability to identify and deliver innovative solutions and valuable tax credits in partnership with our clients.”

“TCC is an industry leader, with a dynamic management team and unique culture, and we are proud to have played an integral role in helping it find a proven partner for its next phase of growth,” said Ed Bagdasarian, CEO and Managing Director of Intrepid. “Brandon and the rest of the team at TCC have built an exciting platform that attracted a lot of investor interest.  With the further support of VSS, I am confident TCC will accelerate its growth nationally while maintaining its well-earned reputation for client service and unparalleled results,” commented Steve Davis, Managing Director at Intrepid who led the transaction.

Deal Team Contacts

About Intrepid Investment Bankers

Intrepid Investment Bankers provides M&Acapital raising and strategic advisory services to entrepreneurs and middle-market companies in various industry sectors. Our heritage, rooted in our founders’ successful 35-year history, breeds a culture that embraces teamwork, tenacity and creativity to win big for our clients. We believe that every company has an entrepreneurial passion that drives it and a story that defines it. Our team delivers results through skillful positioning of the client’s story and relentless execution. Based in Los Angeles, Intrepid augments its international capabilities through active membership in M&A International, an exclusive global alliance of M&A advisory firms.

Media Contact: