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Crowdout Capital Acquires Sourceability, A Leading Global Distributor Of Electronic Components

PRIVATEJan 10, 2023

Acquiring Company

CrowdOut Capital

Acquired Company

Sourceability

DoralFinancial ServicesFinanceVenture CapitalAngel InvestmentE CommerceSupply Chain ManagementLogistics

Description

CrowdOut Capital LLC ("CrowdOut"), an Austin-based investment firm, announced today that CO Long Term Equity Fund I LP ("COLT"), and affiliates partnered with senior leadership to acquire Sourceability (the "Company"), a global distributor of electronic components offering digital tools, services and data, from Zollner Elektronik AG ("Zollner").

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Company Information

Company

CrowdOut Capital

About

CrowdOut Capital is a leading private investor in lower to middle-market companies. CrowdOut's network of experienced owner-operators and industry veterans provides exclusive deal opportunities and key insights during underwriting and due diligence. In addition to getting access to needed capital, companies benefit from the industry expertise of CrowdOut's connected network of investors. Family offices, institutional and accredited investors can invest through dedicated credit and equity funds or deal-by-deal through a tech enabled marketplace. CrowdOut has originated more than $750 million in debt and equity investments since its inception.

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Frequently asked

Who acquired Sourceability?

Sourceability was acquired by CrowdOut Capital. The deal was reported on January 10, 2023. CrowdOut Capital is a leading private investor in lower to middle-market companies. CrowdOut Capital is privately held and operates in Financial Services.

When did CrowdOut Capital acquire Sourceability?

CrowdOut Capital's acquisition of Sourceability was reported on January 10, 2023. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does Sourceability do?

Sourceability® is a global distributor of electronic components offering digital tools, services and data with the power of technology to meet customers' evolving demands. It is privately held, operating in E Commerce, and is based in Doral.

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