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HighBank Advises American Technology Services on the Acquisition of Confluence Corporation’s Infrastructure Services Business

November 26, 2012

HighBank Advisors (“HighBank”), a Baltimore, Maryland based middle market investment bank, announces that it served as the exclusive financial advisor to American Technology Services, Inc. (“ATS” or the “Company”) on the acquisition of Confluence Corporation's network support and infrastructure services.

Based in Fairfax, Virginia, ATS is a leading provider of comprehensive IT services for small and mid-sized businesses. The Company provides network support, web design and development, hosting and cloud services across its associations and nonprofits, financial institutions, government contractors and professional services customer base. For ATS, the acquisition provides a boost to the economies of scale for its help desk and managed services business, while offering new opportunities for deeper penetration of ATS's existing private cloud services.

“Over the past two years, we have worked exclusively with HighBank on both developing and executing our strategic growth plan. HighBank has provided superior advice including advising on this important acquisition” said President Jeff Chandler.

Stephen Gaines, Managing Director, at HighBank stated “We have gotten to know Jeff and his team well over the last two years. Seeing them execute on their growth plan has been rewarding. The acquisition of Confluence Corporation’s Infrastructure Services Business will add overall scale and strengthen ATS’s strong position in the association and non- profit market.”

Contact:

Stephen Gaines 
HighBank Advisors LLC
443.478.1970
sgaines@highbank.com
www.highbank.com

Dennis O’Neill
HighBank Advisors LLC
443.478.1978
doneill@highbank.com
www.highbank.com

About American Technology Services 

ATS, headquartered in Fairfax, VA, is a leading provider of comprehensive IT services for small and mid-sized organizations. Founded in 1994, the company has a strong track record of providing high-quality services to associations and other nonprofits, financial institutions, government contractors, and professional services firms. ATS's broad experience includes network support, web design and development, hosting, and cloud services. ATS provides tailored support services for total IT outsourcing and project-based support. For more information, visit www.networkATS.com.

About HighBank Advisors LLC

HighBank is a Baltimore-based full service mid-market investment bank and financial advisory firm. The firm provides advice on mergers and acquisitions, raising capital, exit and transaction planning, business valuations, fairness and solvency opinions, loan workouts and debt restructurings, and distressed asset sales. HighBank was formed on a mission that our clients and our people deserve to have their highest expectations met and to receive higher value for their investments of money and time. For more information, visit www.highbank.com.

All investment banking services are provided by HighBank Securities LLC (“HBS”), a registered broker-dealer and member of FINRA www.finra.org and SIPC www.sipc.org. HBS is a wholly-owned subsidiary of HighBank Advisors.