Innovative Systems

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Situation:

Founded in 1994 and headquartered in Laguna Hills, CA, Innovative offers an enterprise resource planning (“ERP”) software product suite that is purpose-built for the apparel, footwear, and accessories industries.  Innovative’s Full Circle Apparel Software® is the trusted ERP solution for many of the most iconic brands in fashion and action sports.

Aptean is a leading global provider of mission-critical, industry-specific enterprise solutions that offers purpose-built enterprise ERP and supply chain management software to help address the unique challenges facing organizations across a wide range of verticals and end markets. Over 5,000 organizations in more than 20 industries across 54 countries trust Aptean’s solutions to help run their operations.

This acquisition extends Aptean’s industry-focused ERP capabilities to include the apparel, footwear, and accessories verticals, adds strategic technologies, and diversifies its customer base.

Solution:

We were engaged to help evaluate transition alternatives for the Company.  After preparing Innovative for a transaction process, we also took the Company to market and assisted with successfully negotiating and closing a transaction that addressed the objectives of ownership.

Situation:

Founded in 1994 and headquartered in Laguna Hills, CA, Innovative offers an enterprise resource planning (“ERP”) software product suite that is purpose-built for the apparel, footwear, and accessories industries.  Innovative’s Full Circle Apparel Software® is the trusted ERP solution for many of the most iconic brands in fashion and action sports.

Aptean is a leading global provider of mission-critical, industry-specific enterprise solutions that offers purpose-built enterprise ERP and supply chain management software to help address the unique challenges facing organizations across a wide range of verticals and end markets. Over 5,000 organizations in more than 20 industries across 54 countries trust Aptean’s solutions to help run their operations.

This acquisition extends Aptean’s industry-focused ERP capabilities to include the apparel, footwear, and accessories verticals, adds strategic technologies, and diversifies its customer base.

Solution:

We were engaged to help evaluate transition alternatives for the Company.  After preparing Innovative for a transaction process, we also took the Company to market and assisted with successfully negotiating and closing a transaction that addressed the objectives of ownership.

Dylan Bell joined the Hexagon Capital Alliance team as an Analyst in 2019.

Mr. Bell earned bachelor’s degrees in Accounting and Business Administration from the Argyros School of Business and Economics at Chapman University.

Brandon Clewett is a Managing Director with Hexagon Capital Alliance. He has 17+ years of capital markets experience and has been involved in 100+ merger & acquisition transactions, recapitalizations, and debt and equity capital raises for middle-market clients.

Mr. Clewett’s sector experience includes E-commerce, Consumer Branded Products, Infrastructure and Specialty Manufacturing.  Prior to Hexagon Capital Alliance, he was a Managing Director with Moss Adams Capital, and a Director with KPMG in their corporate finance group.  Before joining KPMG, he was a Vice President at McGladrey LLP in their investment banking division.

Mr. Clewett earned a bachelor’s degree in finance from the Haas School of Business at the University of California, Berkeley and lives in Orange County, CA with his wife and three sons.

Andrew Suen is a Managing Director with Hexagon Capital Alliance. He has 13+ years of experience advising and executing middle-market mergers and acquisitions transactions, including more than 75 sell-side, buy-side and strategic advisory assignments.

Mr. Suen serves as head of the firm’s Diversified Industrials practice. His sector experience includes Converted Packaging Materials; Industrial Technology; Supply Chain Management & Distribution; Automotive Aftermarket; and Business & Professional Services. Prior to Hexagon Capital Alliance, Mr. Suen served in similar capacities advising middle-market companies and business owners with Moss Adams Capital LLC; Mesirow Financial, Inc.; and Brown Gibbons Lang & Co.

Mr. Suen earned a bachelor’s degree in finance and international business from Indiana University Bloomington and lives in Orange County, CA with his wife, daughter, and two sons.

Bradley Erhart is a Vice President with Hexagon Capital Alliance. He has 10+ years of capital markets experience and has been involved in numerous merger & acquisition transactions, recapitalizations, and debt and equity capital raises for middle-market clients.

Mr. Erhart’s sector experience includes Specialty Manufacturing; Supply Chain Management & Distribution; Direct-to-Consumer; and Consumer Products. Prior to this position, he was a Vice President with Moss Adams Capital LLC. He served in similar capacities advising middle-market companies and business owners with Strategic Equity Group, a boutique investment banking and valuation advisory firm. Mr. Erhart began his career as an Analyst at Murray Devine, a valuation advisory firm in Philadelphia.

Mr. Erhart earned bachelor’s degree in Economics from the University of Pittsburgh. He currently resides in Orange County, CA with his wife and dog.