Mediant Communications LLC, a New York City-based technology-enabled, outsourced provider of regulated shareholder communications services, received a $7m growth equity investment.
The round was led by Argentum Capital Partners III, L.P., with participation from certain ACP III’s Limited Partners, First Analysis, and Mediant’s existing shareholders. In conjunction with the investment, Walter H. Barandiaran, an Argentum Managing Partner, will join Mediant’s board of directors.
The company intends to use the funds for the continued growth of the business.
Led by President Arthur Rosenzweig, Mediant is a provider of regulated shareholder communications services to banks, brokerage firms, corporate issuers and investment companies. Solutions are custom designed and offer interactive tools to enhance communications between issuers, brokers and investors. Its technology platform processes and distributes electronic and printed material to equity, bond and mutual fund investors, as well as manages clients’ annual proxy processes, shareholder voting and vote tabulation.
The company has facilities in New Jersey and North Carolina and field offices in Chicago and St. Louis.