Press Release
October 11, 2017

Steele Compliance Solutions Acquires Compliance Wave

The Private Equity team represented Steele Compliance Solutions, Inc., a portfolio company of Bregal Sagemount, in its acquisition of Compliance Wave LLC. Financial terms of the transaction were not disclosed. The acquisition of Compliance Wave will enhance Steele’s position as a leader in the compliance industry by adding extensive training and awareness content to its third-party compliance management software and due diligence services.

Steele Compliance is a global compliance intelligence firm offering comprehensive third-party due diligence and software-as-a-service (SaaS) solutions that help organizations comply with regulatory requirements and align with best practices. With more than 26 years of experience, Steele Compliance provides Fortune 1000 companies and mid-sized enterprises with pragmatic solutions, including regulatory due diligence, third-party program advisory services, program management services, and compliance workflow, analytics, and benchmarking.

Bregal Sagemount is a growth-focused private capital firm with $1.7 billion in committed capital. Founded in 2012, the firm provides flexible capital and strategic assistance to market-leading companies in high-growth sectors across a wide variety of transaction situations. Bregal Sagemount invests $8 million to $150 million per transaction into both control and non-control positions, and will make equity and/or junior debt investments. Targeted sectors include software, digital infrastructure, healthcare IT services, business and consumer services, and financial technology / specialty finance.

The Goodwin team was led by partner Jared Spitalnick and included partners William Pearce, William Weiss, James Mattus, Joel Lehrer and associates Brian Kelly, Kyle Pine, Joseph Tuck, Monica Patel and senior attorney Jeff Rummler.

For additional details on the acquisition, please read the press release.