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Author: Douglas-Jones Mercer
Date: 03 March 2021
DJM’s Corporate Team advise on the sale of iCom Reward Works to Terryberry
DJM’s Corporate team are pleased to have assisted as lead legal advisors to the shareholders of iCOM Reward Works Ltd, the leading employee benefits provider to the US based Terryberry.
iCOM provides rewards and benefits platforms on a digital basis and boasts clients such as Allianz, Greene King, the NHS and various other public sector bodies. Dave Baker and Don Reed the management team of iCOM will stay with the business to lead its growth strategy.
Terryberry the Michigan based operator has 30 offices through the US and UK and is a leading employee recognition business and is backed by Tenex Capital following its investment in 2019.
The DJM team included Sheraz Akram and Georgia Power.
Dave Baker, Managing Director of iCOM said “As founder of the company, you want to find the best fit for your business and the best partners to work with to make the deal happen. We are very happy that we found both in the shape of Terryberry as our new owners, and DJM as our legal advisors and facilitators of the deal. This is the second deal that we have worked on with DJM, and their team worked very hard with great tenacity and professionalism on our behalf to deliver a great outcome for all stakeholders”.
Sheraz Akram stated “We are so pleased for Dave and Don to have assisted in getting this transaction to completion. We have acted for Dave and Don for some time and have acted for them on previous exits. iCom will no doubt move to the next stage of its growth plan under their continued stewardship and no doubt we will work with them in the future given their entrepreneurial spirit”.
Georgia Power added “it was great to work with Dave and Don again, they make a great management team and we look forward to hearing about iCOM’s successful integration and growth with Terryberry in the near future”.
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