02/27/2024
Citizens Advises Lydonia Technologies on its Minority Equity Investment from Caltius Equity Partners
PROVIDENCE, RI – Citizens M&A Advisory served as the exclusive financial advisor to Lydonia Technologies, a leading provider of hyperautomation software and solutions, on its minority equity investment from Caltius Equity Partners.
Founded in 2019 and headquartered in Boston, Lydonia has grown quickly by helping its customers leverage AI-powered hyperautomation to analyze, automate, simplify and innovate their operations. Lydonia has expertise across multiple hyperautomation solutions and is a UiPath Platinum Partner, an Automation Anywhere Platinum Partner and an Alteryx Premier Solutions Provider.
Caltius is a Los Angeles-based private equity firm making controlling or substantial minority ownership investments in high-growth lower middle-market companies in the business services, industrial services, technology and consumer services sectors. The investment will enable Lydonia to accelerate its growth by further building out its team and expanding its capabilities.
Lydonia Chief Executive Officer Kevin Scannell said, "Our team is thrilled to partner with Caltius. Tom and the entire Citizens M&A team provided invaluable guidance and significant support throughout the capital raising process, ensuring that Lydonia customers, partners and team members will benefit the most from this investment, fueling innovation, expanding resources, and enhancing collaborative opportunities."
Citizens Managing Director Tom Donahue said, “Lydonia has established itself as a leader with its expertise in AI-powered automation, data, analytics and security. We were able to partner with the Lydonia team to help them achieve their goals and look forward to Lydonia continuing its impressive growth.”
Citizens M&A Advisory specializes in middle-market mergers and acquisitions. Citizens combines sector intelligence with a client-focused approach to realize our clients' true value. The Citizens team has more than 100 M&A professionals specializing in a range of industries across the United States. Citizens M&A Advisory is part of Citizens JMP Securities, a subsidiary of Citizens Financial Group (NYSE: CFG).
About Citizens Financial Group, Inc.
Citizens Financial Group, Inc. is one of the nation’s oldest and largest financial institutions, with $222.0 billion in assets as of December 31, 2023. Headquartered in Providence, Rhode Island, Citizens offers a broad range of retail and commercial banking products and services to individuals, small businesses, middle-market companies, large corporations and institutions. Citizens helps its customers reach their potential by listening to them and by understanding their needs in order to offer tailored advice, ideas and solutions. In Consumer Banking, Citizens provides an integrated experience that includes mobile and online banking, a full-service customer contact center and the convenience of approximately 3,200 ATMs and approximately 1,100 branches in 14 states and the District of Columbia. Consumer Banking products and services include a full range of banking, lending, savings, wealth management and small business offerings. In Commercial Banking, Citizens offers a broad complement of financial products and solutions, including lending and leasing, deposit and treasury management services, foreign exchange, interest rate and commodity risk management solutions, as well as loan syndication, corporate finance, merger and acquisition, and debt and equity capital markets capabilities. More information is available at www.citizensbank.com or visit us on X (formerly Twitter), LinkedIn or Facebook
