• Skip to primary navigation
  • Skip to main content
  • Skip to footer
Meridian Capital

Meridian Capital

Seattle Investment Bank

  • Industries
    • Aerospace, Defense & Space
    • Architecture, Engineering, Construction & Building Products
    • Business Services
    • Consumer
    • Diversified Industrials
    • Food, Beverage & Agribusiness
    • Technology
    • Telecom
  • Services
    • M&A Advisory
    • Capital Raising
    • Buy Side Advisory
    • Strategic Advisory
  • Transactions
  • News & Research
    • Press Releases
    • Industry Research
  • Our Firm
    • About Us
    • Subsector Expertise
    • Team
    • Company News
    • REACH: Cross-border M&A
    • Careers
  • Contact

Business Services, Technology

Meridian advises Crosslake Technologies in its acquisition by Falfurrias Capital Partners

Published January 19, 2021

Home > Press Releases > Meridian advises Crosslake Technologies in its acquisition by Falfurrias Capital Partners

FOR IMMEDIATE RELEASE // SEATTLE, WASHINGTON

Meridian Capital LLC (“Meridian”), a leading Seattle-based middle market sourcing and M&A advisory firm is pleased to announce the successful acquisition of one of its clients, Crosslake Technologies (“Crosslake” or the “Company”) by Falfurrias Capital Partners (“FCP”).

Founded in 2008 and located in Kirkland, Washington, Crosslake Technologies performs technical due diligence work on behalf of private equity firms and supports portfolio companies after an investment to enhance technology-related processes and accelerate growth. Core value creation services include support of carve-out and integration initiatives, product strategy, interim leadership, organization and development optimization, architecture roadmaps and development, and security assessments and programs.

“From beginning to end, the Meridian Capital team served as an exceptional partner to us in helping position Crosslake to the market and driving the deal to a successful close. They continually kept our priorities and best interests as their own. I’m excited about this next chapter for Crosslake and the opportunity it provides for our customers and our team.”

Russ Albright, CEO of Crosslake

Crosslake was founded by Russ Albright, a founding member of the Engineering Excellence team at Microsoft, which was mandated directly by Bill Gates to find better ways to develop, secure, deploy and operate software in an ever-changing and competitive environment. Since 2008, Albright has built a team composed of former CTOs, CIOs and executives with extensive software development expertise who help improve the deployment of new platforms and drive product development.

Crosslake Technologies currently maintains more than 300 active client relationships, having worked with more than 100 private equity firms and asset managers around the world. In 2020, the Company completed more than 400 technical due diligence projects and more than 100 post-close value creation projects. As part of the investment, FCP executives Joe Price and Wilson Sullivan will serve as board members.

Patrick Ringland, Managing Director and Head of the Technology Practice at Meridian stated, “We’re very happy with the outcome for Russ, Judi and the entire team. The acquisition represents an exciting outcome for all parties and provides Crosslake with additional capabilities and resources to continue expanding its offerings to current customers and into new markets.”

For more information, please contact:

Patrick Ringland

President & Managing Director

pringland@meridianib.com (206) 224-6155
Patrick Ringland Photo
Patrick Ringland
President & Managing Director

About Meridian Capital

Meridian Capital LLC is a leading independent middle market M&A advisory firm with locations in Seattle, Salt Lake City, the Bay Area, and Portland. Meridian has served as a trusted advisor to business owners on complex corporate finance, M&A and strategic challenges for over 29 years. The firm differentiates itself through its deep industry insights, highly customized service approach, and end-to-end commitment to execution. With a unique combination of financial, transactional, and operational professionals on your side, Meridian offers the depth and breadth of experience required to serve leading middle market companies in multiple sectors including aerospace defense & space, food, beverage & agribusiness, business services, consumer, diversified industrials, engineering & construction, building products, technology, and telecommunications. Meridian also offers clients unparalleled cross-border capabilities through its REACH M&A Partners network.

Recent Business Services & Technology Press Releases

Industrial Software Solutions Has Been Acquired by EECOL Electric

February 13, 2025

ASERVO Has Been Acquired by knowmad mood

May 6, 2024

CHEQ Has Been Acquired by Cantaloupe

February 9, 2024

Footer

SUBSCRIBE TO OUR NEWSLETTER

  • Select all that apply
  • This field is for validation purposes and should be left unchanged.
  • Industries
    • Aerospace, Defense & Space
    • Architecture, Engineering, Construction & Building Products
    • Business Services
    • Consumer
    • Diversified Industrials
    • Food, Beverage & Agribusiness
    • Technology
    • Telecom
  • Services
    • M&A Advisory
    • Capital Raising
    • Buy Side Advisory
    • Strategic Advisory
  • Transactions
  • News & Research
    • Press Releases
    • Industry Research
  • Our Firm
    • About Us
    • Subsector Expertise
    • Team
    • Company News
    • REACH: Cross-border M&A
    • Careers
  • Contact

Any testimonial stated herein may not be representative of the experience of other clients and is no guarantee of future performance or success.


Meridian Capital LLC © 2025 • Privacy Policy
FINRA and SIPC and Brokercheck Member

Notifications