Stone-Goff Partners (SGP) – a growth-focused private equity firm specializing in tech-enabled B2B service companies – announced that its portfolio company, FS Vector (FSV), has acquired APPROVED Licensing, which is a technology-enabled licensing platform in the financial services industry.
This acquisition of APPROVED builds on FSV’s existing licensing and chartering services to enable clients to continue to launch new products and serve more companies with speed and compliance.
This acquisition integrates FSV’s regulatory, compliance, and policy expertise with APPROVED’s licensing automation technology and domain knowledge into a leading reg-tech solutions platform, positioning the combined company for accelerated growth and profitability.
Based in Washington, D.C., FS Vector was founded by seasoned industry and regulatory experts. The firm has deep domain expertise and technology with strong relationships with policymakers to deliver comprehensive advisory and advocacy solutions that help clients navigate complex regulatory and compliance landscapes.
The combination of FSV and APPROVED will lead to reg-tech solutions platform with 70 employees serving over 100 clients across the innovative financial services ecosystem.
Fredrikson & Byron provided legal counsel for FS Vector and Stone-Goff Partners. And debt financing for the transaction was provided by Capital Southwest Corporation.
KEY QUOTES:
“The addition of APPROVED marks a pivotal milestone in FS Vector’s accelerated growth strategy of combining both technology/software and professional services. The leadership team at FSV has consistently demonstrated a commitment to innovation, practical solutions, and client service, and we are confident this combination will drive exceptional outcomes for clients.”
- Hannah Stone Craven, Co-Founder and Managing Partner of Stone-Goff Partners
“We’re thrilled to welcome APPROVED to the FS Vector family. This acquisition strengthens our market position and immediately broadens the range of products and services available to both existing and future clients. Growth and innovation have been at the core of FSV’s strategy since its inception and APPROVED aligns perfectly with our mission.”
- John Beccia, Co-Founder and CEO of FS Vector
“Joining forces with FS Vector represents an exciting new chapter for the company, allowing us to combine our innovative licensing solutions with FSV’s extensive resources and expertise. Together, we’re well-positioned to deepen our impact and deliver even greater value to our clients.”
- Tim Lange, CEO of APPROVED
