About the Transaction
Paramax advised the shareholders of Rental Management, Inc. (“RMI”), a leading software as a service (SaaS) provider to the equipment rental, sales, and service industry, on the sale to Fullsteam LLC. Paramax served as the exclusive financial advisor to RMI on this transaction.
RMI was founded in 1983 by Paul Chapdelaine in Avon, CT, and since then has been committed to building reliable, advanced technology and dedicated to providing first class service to its customers. Today, the company primarily helps its customers lease and sell trailers, containers, medical equipment, and industrial equipment. Following the transaction, Paul intends to retire. As part of the transaction, David Richards has been named President of RMI and will oversee the day-to-day operations of the business.
“RMI embodies our focus here at Fullsteam, and we’re excited to work with David and the RMI team to build upon the outstanding foundation they’ve created.” – Mike Lawler, CEO of Fullsteam
Fullsteam is a leading software and payments company headquartered in Auburn, AL. Fullsteam acquires companies and provides them with streamlined payments infrastructure and operational support in order to increase growth and improve profitability.
Paramax Corporation, a preeminent Middle Market investment bank, successfully represented the shareholders of RMI in the sale of the business. Paramax presented RMI as a growth-oriented, Software as a Service opportunity to a select, worldwide group of strategic buyers. Paramax focuses on advising companies and shareholders in sell-side transactions to strategic buyers. Paramax is headquartered in the US with an international reach through its partnership with Globalscope Partners. In addition to its sell-side advisory practice, Paramax engages with clients on buy-side and recapitalization transactions, as well as valuation and strategic consulting.