in a large number of transactions
across a wide spectrum of industries
FORT LAUDERDALE, Fla. (October 22, 2010) – Fort Lauderdale-based investment banking firm Farlie Turner & Co. announced today that it served as exclusive financial advisor to TMS Health, LLC in its sale to Affiliated Computer Services, Inc., a Xerox Company (NYSE: XRX). Prior to its sale, the healthcare focused teleservices company had operated as a portfolio company of Palm Beach Capital.
Based in Boca Raton, Florida, TMS Health is a leading provider of relationship marketing solutions for the pharmaceutical industry. The company provides cost-effective marketing reach to pharmaceutical clients by delivering customized marketing programs that educate and communicate with healthcare professionals and healthcare consumers. TMS serves seven of the ten largest pharmaceutical companies.
"Farlie Turner provided excellent advice throughout the transaction process,” said Michael Schmickle, a Partner with Palm Beach Capital. “This is the second transaction that we have worked on with Farlie Turner and once again they exceeded our expectations with a combination of excellent senior level attention and extremely high levels of service," he added.
Terms of the transaction were not disclosed.
About Farlie Turner & Co., LLC
Farlie, Turner & Co., LLC, and its affiliate Bayshore Partners, LLC, a broker-dealer registered with the FINRA, provides growth-oriented middle market firms with merger and acquisition, private placement, and financial advisory services. In addition, the firm’s Special Situations Group provides a full range of investment banking services to middle market companies experiencing financial difficulties, ranging from underperforming companies to those in significant distress. Please visit www.farlieturner.com for more information.
About Palm Beach Capital, Inc.
Founded in 2001, Palm Beach Capital is a private equity investment firm which specializes in making investments in and building early and middle-stage private companies. With offices in both West Palm Beach and Tampa, Fla., the firm focuses on high growth investment opportunities with enterprise values ranging from $10 million to $100 million. Since its inception, Palm Beach Capital has made investments in 30 companies and has approximately $250 million in total assets under management. For more information, please visit the firm's website at www.pbcap.com.