Housatonic acquires Maxitransfers

Housatonic Partners has acquired Maxitransfers LLC, a provider of international money transfers.

Housatonic Partners has acquired Maxitransfers LLC, a provider of international money transfers. No financial terms were disclosed. Capstone Headwaters and Serficor IMAP advised Maxi on the deal. Maxi was backed by Investar Financial.


Irvine, CA, October 29, 2020 – Capstone Headwaters and Serficor IMAP (“Serficor”), leading middle market investment banking firms, jointly advised Maxitransfers, LLC (“Maxi”), a provider of international money transfers, on its sale to Housatonic Partners (“Housatonic”). Terms of the deal were not disclosed.
MaxiTransfers, a Dallas, Texas-based portfolio company of Investar Financial, has established itself as a leading provider for fast, secure and reliable international money transfers serving the US-Latin American corridor since the early 2000’s. Maxi offers money transfer services, bill payment, pre-paid long-distance calling, and cell phone top-ups. MaxiTransfers operates through a network of over 2,800 active agents in 44 U.S. states and over 40,000 payers in 17 Latin American countries.

Javier Larraza, Managing Director, of Investar Financial remarked “We are excited about joining forces with Housatonic Partners, Gabe Manjarrez and the continuing management team in driving Maxitransfers’ next phase of growth. The dedication and joint efforts of Capstone Headwaters and Serficor were key to achieving the shareholders’ goals in arranging this successful partnership.”

Housatonic Partners Managing Director Joe Niehaus, who has joined the MaxiTransfers Board of Directors, commented, “I look forward to working with Gabe (New CEO of Maxi) and Luis (President of Maxi) to develop the products and services which will allow Maxi to better serve its customer base.”

David Bench, Managing Director, Capstone Headwaters said “Maxitransfers has an extraordinary track record of consistent growth and profitability which is a testament to the strength of its business model and the entire team of ownership, management, and employees. We are very bullish on its future, particularly in light of this investment by Housatonic.”

Gilberto Escobedo, Managing Partner of Serficor pointed out, “Housatonic has invested in a truly remarkable company. I have rarely seen a management team that consistently delivers over its budget in the way Maxi has done. Maxi’s model is truly unique and centered on its customers, clients and employees. I believe that this solid base, together with the reinforced management team and the implementation of new projects, will enable Maxi to continue to be the company to watch in its industry.”

About Housatonic Partners
Housatonic Partners is a private equity investment firm founded in 1994, with more than $1.3 billion in capital under management. The firm invests in growing, profitable businesses with highly recurring revenue. Housatonic Partners has backed exceptional management teams in more than 90 small to mid-sized companies over the last 26 years. For more information, please visit www.housatonicpartners.com.

About Capstone Headwaters
Capstone Headwaters is one of the largest and most active independent investment banking firms in the United States. The firm has a rich 15+ year history of achieving extraordinary results for middle market entrepreneurs, business owners, investors, and creditors. Capstone offers a fully integrated suite of corporate finance services, including merger & acquisition, debt & equity placement, corporate restructuring, valuation & fairness opinion, financial advisory, and ESOP advisory services. Headquartered in Boston, the firm has 150+ professionals across 16 offices in the U.S., with and an international presence including over 500 professionals in 40 countries. With 16 dedicated industry groups, the firm delivers sector-specific expertise through large, cross-functional teams on a global basis. Capstone has been named “U.S. Middle Market Investment Bank of the Year” for the past 9 consecutive years and is consistently recognized as one of the top investment banking firms to work for. For more information, visit www.capstoneheadwaters.com.

About Serficor IMAP
Serficor is a leading investment banking firm in Mexico with an outstanding track record in M&A transactions, private equity placements, corporate finance and project financing for 30 years. The experience of the firm includes more than 100 transactions worth more than 4.5 billion dollars in Mexico advising closely-held and family owned companies, as well as Fortune 500 multinational corporations. For more information please visit www.serficor.com.

About IMAP
Capstone Headwaters and Serficor are members of International Mergers & Acquisitions Partners (“IMAP”), the largest and most dynamic organization of investment banking firms in the world, comprised of more than 500 advisors located in 40 countries that successfully complete around 10 billion dollars in transaction value per year. IMAP is top 5 in the global ranking for deal volume according to Thomson Reuters. For more information, please visit www.imap.com.