Union City, California and New York, April 3, 2024–(BUSINESS WIRE)–DA Davidson & Co. today announced that it has served as exclusive financial advisor to Proficium, Inc. (“Profidium” or the “Company”), a California-based networking solutions provider. Did. A growth investment from Mill Point Capital LLC (“Mill Point”), a New York-based lower middle market private equity firm.
“Our partnership with Mill Point comes at an exciting time for our employees and our company. With Mill Point’s support, we anticipate the tremendous opportunities ahead, driven by widespread and continued growth in demand for data center capacity. ” said Dan Miranda, founder and CEO of Proficium, who will continue to lead the company. “The DA Davidson team was instrumental in this process and we are grateful for the guidance they provided throughout. DA Davidson’s deep industry knowledge in communications technology, extensive relationships in this area, and transaction 's expertise played a key role in delivering excellent results for our company.” ”
Proficium specializes in designing, manufacturing, and delivering innovative products and value-added services for commercial AI infrastructure, hyperscale data centers, and enterprise enterprises. Since its founding in 2003, Profidium has become a trusted partner for many of the world's largest technology clients.
“Dan and the Proficium team have done a great job of building the company into a market leader in delivering mission-critical solutions to data centers, particularly in the area of AI clusters,” said DA Davidson Managing Director. Director Brad Gewurz said. “We are very pleased to have advised the Proficium team on this transaction and look forward to this partnership between our company and Millpoint to significantly accelerate our growth plans over the coming years.”
DA Davidson served as exclusive financial advisor to Proficium.
“Davidson's Technology Investment Banking Group truly understands the communications technology space. They attend our trade shows, know our customers and our products intimately, and are confident that Proficium will meet our founders' expectations. He went above and beyond to help us achieve results that far exceeded our expectations,” said industry veteran Dan Bowlin. Executive Advisor of Proficium.
DA Davidson's technology investment banking practice brings domain knowledge, transactional expertise and full-service capabilities to our clients. This transaction highlights the continued success of the technology business, which has completed more than 110 transactions since 2020, totaling approximately $21 billion.
About DA Davidson Companies
DA Davidson Companies is an employee-owned financial services firm that provides a wide range of financial services and advice to individuals, businesses, institutions and local governments nationwide. Founded in 1935, the company is headquartered in Great Falls, Montana, with regional headquarters in Denver, Los Angeles, New York, Omaha and Seattle, and has approximately 1,600 employees and offices in 29 states.
Subsidiaries include DA Davidson & Co., a full-service investment firm providing asset management, investment banking, equity and debt capital markets services, and advice. Davidson Investment Advisors is a professional wealth management company. DA Davidson Trust Company is a trust and asset management company.
For more information, please visit dadavidson.com.
About Proficium
Founded in 2003, Proficium is an industry leader at the forefront of transforming the digital landscape. Proficium's commitment to quality, competitive pricing, unparalleled service, and fast turnaround times sets us apart as a trusted partner in today's fast-paced technology environment. For more information, please visit www.proficium.com.
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contact address
Trading team contact information
Brad Gevurtz, Managing Director | Portland, Oregon | BGevurtz@dadco.com
Amy Johnson, Managing Director | New York, NY | ASJohnson@dadco.com
David Douglas, Director | Portland, Oregon | DDouglas@dadco.com
Joseph Tamburello, Associate | New York, NY | JTamburello@dadco.com
media contact
Emily Roy
Attorney General Davidson's Prosecution
(646) 818-9232
eroy@prosek.com
