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Falcon Advises Network Control in its Sale to Calero-MDSL, a Portfolio Company of Riverside Partners and Oak Hill Partners.

WAYNE, PENNSYLVANIA – 08/09/2022: Falcon Capital Partners, LLC (“Falcon”), a leading middle-market investment bank, is pleased to announce the sale of Network Management and Control Corporation (“Network Control”) to Calero-MDSL (“Calero”), a portfolio company of Riverside Partners, LLC (“Riverside”) and Oak Hill Partners (“Oak Hill’).

Network Control, an Iowa based provider of full life-cycle Technology Expense Management (TEM) solutions was founded in 1998 with an emphasis on high touch tech-enabled solutions. Specializing in fixed, mobile, cloud, IoT and other IT assets, Network Control has been recognized by Gartner for using AI technology with automated readers for invoice detailing and exceptions and anomaly detection. Network Control has also been recognized by the Enterprise Technology Management Association (ETMA), a leading TEM solution industry organization. With over 80 professionals, 300+ carrier integrations, and a dedicated support team, Network Control is heralded as a segment leader within the boutique TEM solution marketplace.

Calero-MDSL is a leading provider of TEM solutions designed to provide clarity, control, compliance, and cost savings. With a deep commitment to innovation and customer service, Calero partners with enterprises to provide a unified expense management service that supports Telecom and Technology Expense Management, Managed Mobility Services, and SaaS Subscription Management. Calero-MDSL manages over $25 billion in worldwide spending for thousands of organizations such as corporations, universities, financial institutions, and government agencies across 102 countries.

The acquisition of Network Control provides Calero with an outstanding team of wireless and mobility analysts that excel at providing high-touch services across a wide range of industries such as financial institutions, technology, retail, oil & energy, etc.

Falcon served as the exclusive financial advisor to Network Control. Falcon’s Managing Director Mark Gaeto writes, “Being able to represent Mark Hearn was an honor. Mark has a stellar reputation as a leader and is well thought of by his peers in the industry. He built Network Control into a powerful competitor, one that delivered excellent service to clients and created opportunities for his employees. We are very proud of Mark Hearn and his team.” Network Control Owner and CEO, Mark Hearn comments, “We evaluated bankers and selected Falcon Capital Partners because of its exceptional reputation, as well as its long and successful track record in representing TEM and managed-services companies. Mark, Don and Kevin were excellent advisors—knowledgeable, organized and great to work with.”

The terms of the transaction were not disclosed. This transaction represents Falcon’s continued expertise in the Technology Expense Management, Telecom Expense Management and Managed Services space. The Falcon deal team was led by Managing Director Mark Gaeto, Vice President Don Wanner and Senior Associate Kevin Mathew. For more information, please contact Mark at mgaeto@falconllc.com, or Don at dwanner@falconllc.com.