Triple Point Technology (“Triple Point” or the “Company”) provides software to help energy and physical commodities firms affect transactions, reduce risk and manage global supply chains. The Company was founded in 1993 by Peter Armstrong and Allie Rogers - two industry veterans who were soon joined by a third, Paul D’Amico. All three had previously worked at the Phibro Division of Salomon Inc.  Over the next few years, the company rapidly grew to serve commodity and energy companies in 17 countries across Asia, Africa, Europe, North America and South America.  These clients were engaged in buying and selling a wide variety of commodities - including energy-related commodities such as power, oil, gas and coal, as well as commodities such as metals, agricultural products, freight and “soft” commodities such as coffee, cocoa, sugar and grain.  The company - headquartered in Westport, Connecticut - added development and support centers in Houston, London, and Pune (India). 

Prior to engaging M&A, the Company was approached by several strategic firms looking for an acquisition partner, as well as by private equity and venture capital firms interested in TPT’s leadership position within this burgeoning sector.  Two of the three owners were young and not quite ready to exit this growing business, while the third was ready to move onto other challenges.  All three were open to the idea of taking some chips off the table.  Ultimately they decided to engage M&A as the Company’s exclusive strategic and financial advisor.