Atlanta-based M&A firm Abraxas announced plans to open an office in Greenville at the NEXT Innovation Center in June. The company works with client businesses reporting between $5 million and $30 million in revenues across the manufacturing, logistics, technology, health care and services industries, according to its website.
The company has facilitated more than $100 million in deals over the last five years and chose the Upstate for a second location because of its track record with successful small business owners and entrepreneurs, stated Abraxas president C. David Chambless. The company provides legal advice, transition tax planning, wealth management positioning, financial strategy consulting, due diligence and closing services.
Abraxas’ Greenville office will be lead by Jason Premo, founder of Greenville-based private equity firm Premo Ventures. Premo did not respond to requests for details about the new office in time for publishing.
The company’s Upstate presence could boost regional foreign direct investment through joint ventures, mergers and acquisitions, stated Upstate SC Alliance president and CEO John Lummus.
“Abraxas will heighten the Upstate’s profile among investors in multiple sectors while providing our companies with a vital beacon for navigating partnership arrangements,” he said. “Strengthening the region’s business support sector is among the goals of the plan, in which noted area manufacturing, wholesale trade and transportation industries seek business support services at greater rates than the same industries in Atlanta or Charlotte.”