Gadsden, AL, April 19, 2013 --(PR.com
)-- Neon Workforce Technologies, DBA TaxBreak, the industry leaders in tax credit consulting services announces that it has finalized a management buyout (MBO) led by its existing management team. Shannon Scott, CEO, and Mike McCullars, CFO, acquired shares from the remaining stockholders. Scott and McCullars were able to raise capital for the MBO with assistance from Exemplar Capital LLC and First Partners Bank.
Shannon Scott CEO said, “As CEO of TaxBreak for the last six years I have seen our company grow and prosper and become the most respected tax credit consulting firm in the country. We will continue to lead this company in the direction we set years ago and we are excited about the future. I would like to thank Frank Brown the founder of TaxBreak, for the opportunity and trust he placed in me to lead this company and I wish him the best of luck in his future endeavors. I would also like to personally thank our financing partners, Exemplar Capital and First Partners Bank, for their diligence and support through this fund raising process.”
“I am very excited about the future of our company under this new ownership structure. Our team will continue to provide current, as well as future clients, with the outstanding service we provide each and every day. We look forward to continued success for both our clients and partners,” said Mike McCullars, CFO.
“Our team at Exemplar Capital and Exemplar Law is excited to have the opportunity to assist Neon Workforce Technologies successfully complete the management buyout. Under the management of Mr. Scott and Mr. McCullars, we believe that NEON will continue to be the leader in the tax credit processing market well into the future,” said Bagus Tjahjono, CEO of Exemplar Capital, LLC.
"Our philosophy at First Partners Bank is to help companies expedite their path to success. Because we genuinely believe that when our customers succeed, we succeed. We believe this is the case with Neon Workforce Technologies and look forward to being a part of their very bright future." -- Art Freeman, EVP/Chief Lending Officer, First Partners Bank
Founded in 1998, TaxBreak continues to focus solely on tax credit recovery. TaxBreak is comprised of an acclaimed team of technology and financial executives committed to delivering the best tax credit consulting, processing experience and results in the industry. This expertise remains the reason why TaxBreak is continually recognized as an industry leader for tax credit recovery. For more information, visit TaxBreak online at http://www.taxbreakcredits.com
About Exemplar Companies
Exemplar Companies is a nationally recognized innovator in professional services specialized in public and private mid-market companies, across the disciplines of Corporate Law, Business Consulting, and Investment Banking.
TaxBreak Media Contact:
Director of Public Relations