Columbia-based web design and development firm Unleashed Technologies was acquired by Charlotte, N.C.-based investment firm Linc Partners.
The acquisition was completed in November 2019, and was announced this month. Linc Partners made an investment which was characterized as being “multimillion dollar,” but exact terms were not disclosed. The Provident Bank was also a key financier of the transaction, among a group of 10 institutional investors.
Unleashed Technologies was founded in 2007 by Scott Greenwell and Michael Spinosa. It had never taken outside investment, and has posted a profit every year, according to Spinosa.
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