Citizens Financial : Advises Eclipse Advantage on its Acquisition by Two Sigma Impact

10/14/2021

PROVIDENCE, RI- Citizens M&A Advisory announced today that it served as the exclusive financial advisor to Eclipse Advantage, a provider of outsourced supply chain workforce solutions, on its acquisition by Two Sigma Impact.

Eclipse provides a comprehensive suite of labor services for warehouses and distribution centers that increase supply chain productivity and efficiency. Eclipse was a portfolio company of Longshore Capital Partners, a Chicago-based lower middle-market private equity firm. Two Sigma Impact is the impact investing business of Two Sigma.

Pete Westermann, chief executive officer of Eclipse, said: "The Citizens M&A Advisory team was terrific to work with. Citizens assisted us in articulating our complex business model, compelling value proposition and significant growth opportunity for easy consumption by investors."

Nick Christopher, partner at Longshore Capital Partners, said: "The Citizens team did a fantastic job managing the Eclipse process on behalf of Longshore and the Company. They demonstrated a thorough understanding of the business and drove a high-touch, competitive and fast-paced process."

Jason Wallace, managing director at Citizens M&A Advisory, said: "We are appreciative of the opportunity to work with Longshore and Eclipse on its sale to Two Sigma Impact. Eclipse is a differentiated platform spanning the facility services, supply chain and human capital sectors. We are excited to watch Eclipse's continued growth in partnership with Two Sigma Impact."

Citizens M&A Advisory specializes in middle-market mergers and acquisitions. Citizens combines sector intelligence with a client-focused approach. The Citizens team has closed more than 175 transactions in the last five years and has more than 70 M&A professionals specializing in a range of industries across the United States. Citizens M&A Advisory is part of Citizens Capital Markets, Inc., a subsidiary of Citizens Financial Group (NYSE: CFG).

About Citizens Financial Group, Inc.

Citizens Financial Group, Inc. is one of the nation's oldest and largest financial institutions, with $185.1 billion in assets as of June 30, 2021. Headquartered in Providence, Rhode Island, Citizens offers a broad range of retail and commercial banking products and services to individuals, small businesses, middle-market companies, large corporations and institutions. Citizens helps its customers reach their potential by listening to them and by understanding their needs in order to offer tailored advice, ideas and solutions. In Consumer Banking, Citizens provides an integrated experience that includes mobile and online banking, a 24/7 customer contact center and the convenience of approximately 3,000 ATMs and approximately 1,000 branches in 11 states in the New England, Mid-Atlantic and Midwest regions. Consumer Banking products and services include a full range of banking, lending, savings, wealth management and small business offerings. In Commercial Banking, Citizens offers a broad complement of financial products and solutions, including lending and leasing, deposit and treasury management services, foreign exchange, interest rate and commodity risk management solutions, as well as loan syndication, corporate finance, merger and acquisition, and debt and equity capital markets capabilities. More information is available at www.citizensbank.comor visit us on Twitter, LinkedInor Facebook.

The testimonials presented are applicable to the individuals depicted and may not be representative of the experience of others. The testimonials are not paid and are not indicative of future performance or success.