FOR IMMEDIATE RELEASE DATE: December 4, 2001 PRIMARY CONTACTS: Roderick Robertson, 781-449-7781 Briggs Capital, LLC and Chapman Hext & Company Establish Strategic Partnership to Provide Comprehensive M&A Services to the D/FW Market. (Dallas, TX) Briggs Capital, LLC a Boston based Mergers & Acquisition and Investment Placement firm representing $750MM of funds has announced a strategic partnership with Chapman, Hext & Co., P.C., a progressive, Richardson, TX based CPA and consulting firm. Briggs Capital and Chapman, Hext & Co. will combine the skills and assets of both firms to pursue M&A opportunities in the Dallas/Ft. Worth marketplace. Together, Briggs and Chapman, Hext & Co. will provide a comprehensive array of services for business in the D/FW area that are evolving towards a transaction. Briggs will co-tenant space with Chapman, Hext & Co. in their Richardson offices. "After careful consideration of opportunities in both Dallas and Atlanta, we found the economic condition and business opportunities extremely positive in the Texas market. Partnering with a firm the caliber of Chapman, Hext's, with their forward thinking and wide suite of services was the key factor in opening the office in D/FW," states Roderick Robertson, a principal of Briggs Capital. "Texas as an exciting playing field and Chapman, Hext & Co. is the perfect partner for Briggs" he added. Briggs Capital has appointed Douglas M. Deaton of Frisco, TX as the Managing Director of their Texas operation. Doug is a local graduate of Dallas Jesuit High School and Texas Tech University. Doug's high tech and consulting background makes him ideally suited to build the Briggs operation in Dallas/Ft. Worth. "Briggs eastern connections, our local knowledge and contacts, and our new partnership with Chapman, Hext & Co. are a perfect blend. We see great opportunities here for growth and we're ready to go," stated Deaton. Briggs takes a strategic approach to developing offerings and increasing their client's wealth. Combining these skills with Chapman, Hext's extensive background in financial due diligence, valuation methodology and succession & estate planning, as well as Chapman, Hext's extensive network is a natural fit. "This is a combination that really works." stated Greg Hext, "Briggs transaction expertise enhances our CPA firm and consulting group's depth of resources and rounds out our offering of services. And most importantly, it's an effective partnership that provides tremendous added value for our customers." Briggs Capital, LLC concentrates its efforts in preparing companies for a liquidity event; be it raising cash, a merger or acquisition, or the sale of a business. Briggs traditionally operates in the lower middle market, with company revenues ranging from the $5MM to $50MM. Briggs Capital's metro Boston headquarters are in Needham, MA. In addition to the Richardson office, Briggs operates an office in Burlington, VT.
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