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Deloitte Corporate Finance LLC Advises Pillar Technology Group LLC in a Recapitalization with NewSpring

NEW YORK, Mar. 2, 2018Deloitte Corporate Finance LLC acted as exclusive financial advisor to Ohio-based Pillar Technology Group LLC (Pillar), a leading provider of custom software solutions, in its recapitalization with NewSpring, a Pennsylvania-based private equity firm. The recapitalization closed Jan. 9, 2018.

“We conducted a process that included developing marketing materials, approaching potential lenders and investors, facilitating the due diligence process, and assisting Pillar with negotiations throughout the entire transaction,” said John Deering, managing director, Deloitte Corporate Finance LLC. “The effort generated strong interest from top-tier, growth-oriented funds. Pillar’s shareholders achieved their collective objectives and found a strategic partner in NewSpring to accelerate growth initiatives.”

“As we continue to execute our growth and innovation strategy, Deloitte Corporate Finance has played an integral role offering thoughtful guidance as we evaluated capital structure and financing options,” said Bob Myers, CEO of Pillar Technology Group LLC. “They provided invaluable insights into our strategic alternatives and the capital market appetite in support of Pillar’s future growth.”

"Pillar has shown itself to be a leader in innovation, continuously delivering industry-disrupting solutions at remarkable speed. This transaction is testament to the management team's clear vision of bolstering Pillar's position as the market leader in smart embedded solutions and highly complex software and hardware systems," said Ron Rivera, managing director and U.S. technology, media and telecom group lead for Deloitte Corporate Finance LLC.

About Pillar
Founded in 1996, Pillar is a leading provider of custom software solutions to Fortune 500 companies across the United States. Pillar solves highly complex business problems at lightning speed. In addition to its proprietary software products and platforms, Pillar also offers cutting-edge technology, strategy, innovation, design thinking, and marketing. Differentiating itself from competitors, both domestic and abroad, Pillar has established an innovative network of technology hubs, the Forge Network. Currently, the Forge Network consists of locations in Columbus, Ohio, Des Moines, Iowa, and Ann Arbor, Michigan, with a listening post in Palo Alto, California. While providing a hub for software craftsmanship, design thinking and marketing, the Forge Network also serves as a key driver for client acquisition and employee retention. In addition, Pillar has continued to gain market share utilizing agile software development practices. Recently Pillar has diverted a portion of its development efforts to focus on in-house software product development, which has already yielded innovations such as proprietary autonomous vehicle and automotive technology software applications.

About NewSpring
Founded in 1999, NewSpring partners with the innovators, makers, and operators of high-performing companies in dynamic industries to catalyze new growth and seize compelling opportunities. The Firm manages approximately $1.7 billion across four distinct strategies covering the spectrum from growth equity and control buyouts to mezzanine debt. Having invested in over 135 companies, NewSpring brings a wealth of knowledge, experience, and resources to take growing companies to the next level and beyond. Partnering with management teams to help develop their businesses into market leaders, NewSpring identifies opportunities and builds relationships using its network of industry leaders and influencers across a wide array of operational areas and industries. To learn more, visit

About Deloitte Corporate Finance LLC
Deloitte Corporate Finance LLC (DCF) provides strategic advisory services and M&A advice that help corporate, entrepreneurial and private equity clients create and act upon opportunities for liquidity, growth and long-term advantage. With an in-depth understanding of the marketplace and access to a global network of investment bankers, we help clients confidently pursue strategic transactions in both domestic and global markets. DCF, together with the Corporate Finance Advisory practices within the Deloitte Touche Tohmatsu Limited network of member firms, include in excess of 1,900 professionals, who work collaboratively across 150 international locations. With our significant experience providing investment banking services across key industries, we are able to offer our clients solutions that help them to achieve their strategic objectives. For more information, visit

Prior engagement performance is no guarantee of future performance and may not be representative of the experience of other clients. This communication is for informational purposes only and is not intended as an offer or solicitation for the purchase or sale of a security.

Deloitte Corporate Finance LLC, an SEC registered broker-dealer and member of FINRA and SIPC, is an indirect wholly-owned subsidiary of Deloitte Financial Advisory Services LLP and affiliate of Deloitte Transactions and Business Analytics LLP. Investment banking products and services within the United States are offered exclusively through Deloitte Corporate Finance LLC. For more information, visit Please see for a detailed description of the legal structure of Deloitte LLP and its subsidiaries. Certain services may not be available to attest clients under the rules and regulations of public accounting.

Media contact:

Shelley Pfaendler
Public Relations
Deloitte Services LP
+1 212 492 4484

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