FOR IMMEDIATE RELEASE
Richmond, VA – (March 8, 2010) Transact Capital is pleased to announce its role as an advisor in the sale of certain assets of InternDirect, LLC to a Los Angeles-based investor group.
Based in Richmond, Va., InternDirect was formed in 2004 by C .Mason Gates as a web-based internship platform to provide students, employers and educators a meaningful gateway to match, track and report on internship activities. In September 2007 InternDirect acquired Internships.com and merged it into the company. Since its formation, InternDirect has grown to partner with hundreds of colleges and universities representing over 2 million college students.
“We are very excited about the level of activity that continues to grow within the internship community. It’s extremely validating to have such an esteemed and experienced group of individuals believe in what we’ve created.” states C. Mason Gates, President of InternDirect. “Transact Capital Partners was instrumental in supporting our company’s growth initiatives and eventually the sale to the investor group.”
Mason Gates will continue in a key executive role with the consolidated company.
“Mason Gates is a true visionary and entrepreneur, relentlessly pursuing his dream of connecting all students, schools and employers together into a database and platform where they communicate, connect and engage in a match-making process benefiting all involved.” comments Steve Zacharias, Managing Partner of Transact Capital.
About InternDirect, LLC
InternDirect, LLC develops and delivers systems for Students, Employers, and Educators, to match, track and enhance the educational opportunities found in experiential employment. InternDirect works collaboratively with its constituent groups to optimize experiential opportunities through trends in mobility, virtual employment, decentralization and entrepreneurism.
In 2007, InternDirect was the recipient of the Virginia Museum of Fine Arts prestigious MUSE award. The award honors extraordinary creativity in any aspect of business, and the call for entries was open to all for-profit businesses in the Commonwealth of Virginia.
About Internships LLC
Internships LLC serves as the leading nexus between internships and students, higher education and employers. The company develops world-class tools and services to enable every student, employer and educator to better understand and optimize the work opportunities of the future.
Transact Capital is an independent mergers and acquisitions advisory firm headquartered in Richmond, VA with offices in Roanoke, VA, Lexington, KY, and Orlando, FL. Transact focuses on the needs of small privately held companies with less than $100 million in revenues. With extensive experience in owning, running, or investing in private companies or divisions of public companies, the firm’s principals are able to help many business owners exit their companies or explore other opportunities.
To learn more about Transact Capital, please call Steve Zacharias at 804-323-6868 ext. 102 or send an e-mail to Steve at Steve@TransactCapital.com.