Cardiff Lexington Corp to buy Platinum Tax Defenders

Cardiff Lexington Corporation has agreed to acquire Platinum Tax Defenders LLC, a provider of tax resolution, bookkeeping, and tax preparation services for individuals and businesses. No financial terms were disclosed. Eagle Pointe Capital LLC was financial adviser to Platinum Tax Defenders on the transaction.

PRESS RELEASE

Simi Valley, CA and Ft. Lauderdale, FL – Cardiff Lexington Corporation and Platinum Tax Defenders, LLC, announced the signing of a definitive merger agreement under which Platinum Tax Defenders will merge into Cardiff Lexington Corporation as its subsidiary in a cash and stock transaction.

Transaction terms were not disclosed.

“Our tax power of attorneys, Enrolled Agents, and other tax professionals are highly educated in the field of tax law and are certified to represent taxpayers before the IRS and State taxing authorities. Because of the complexity of the law and the intimidating nature of the IRS, hiring a tax resolution company with tax attorneys or other professionals who can assist you should be a simple decision.” stated Sherri Gastelum, Founder of Platinum Tax Defenders, “While taxpayers are allowed to represent themselves before the IRS, many taxpayers seeking tax relief find dealing with the IRS frustrating, time-consuming, intimidating or all of the above. So, they make the decision to hire professionals.”

Alex Cunningham, President/CEO of Cardiff Lexington, “We are extremely excited to add Platinum Tax Defenders to the Cardiff Lexington portfolio of businesses. I have worked with Sherri over the past year and have seen tremendous progress in their revenue allocation focus and forward planning. Moving forward the Platinum team is now poised for exponential growth.”
Eagle Pointe Capital, LLC originated the transaction and served as exclusive financial advisor to Platinum Tax Defenders.

About Platinum Tax Defenders: Platinum Tax Defenders offers a wide variety of tax resolution, bookkeeping, and tax preparation services for individuals and businesses that are dealing with back taxes or are having issues paying off their current year tax bill. For more information, please visit: www.platinumtaxdefenders.com

About Cardiff Lexington Corporation: Cardiff Lexington is a public holding company targeting acquisitions of high growth, niche leaders. Cardiff Lexington provides these companies both the enhanced ability to raise money for operations or expansion, and an equity exit and liquidity strategy for the owners and investors. For more more information, please visit: www.cardifflexington.com

About Eagle Pointe Capital: Eagle Pointe Capital is a boutique investment banking firm focused exclusively on the lower middle-market, defined generally as companies having revenue of at least $10 million and minimum EBITDA of $2 million. Eagle Pointe Capital provide best-in-class M&A advisory solutions for the owners of privately-held businesses operating within the following sectors: general industrials & manufacturing, business services, consumer, and technology. For more more information, please visit: www.eaglepointecapital.com