Madison Park Group Joins Forces with Ascentage Group

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Strategic Partnership with Ascentage Group Expands MPG's Industrial Technology Practice

Madison Park Group, a leading strategic M&A and capital raising advisor to the global software economy, today announced a strategic partnership with Ascentage Group, a business development and M&A advisory firm addressing the business acceleration needs of growth-stage companies developing construction technology and software for the built environment. Ascentage’s expertise in design, construction, and asset management technologies further enhances MPG’s rapidly expanding industrial technology advisory practice.

Combined, MPG and Ascentage have completed over 40 successful client assignments in the broader industrial technology and software ecosystem. The partnership solidifies MPG as a leading global industrial technology M&A and capital raising advisor with unrivaled expertise advising technology companies that help architects, designers, engineers, manufacturers, contractors and owner/operators build better and more cost effectively. With the growing trend toward industrialized construction, including offsite construction, pre-fabrication, robotics, and modular building, the combination of MPG and Ascentage is even more relevant.

Drew Ogden and Jeffrey Herriman will join MPG as Managing Directors and bring significant M&A transaction experience. Michael Magruder, President of Madison Park Group, commented on the partnership, “Drew and Jeff have stellar track-records that have exceeded very high bars on challenging growth assignments. Their unique experiences range from strategic partnerships and managing intellectual property, to corporate turn-arounds and global expansion. Our clients will benefit tremendously from their hands-on experiences.”

Prior to founding Ascentage, Mr. Ogden was the vice president of Legal and Business Development at Softdesk, Inc., a Nasdaq company that developed and distributed CAD software for architects and engineers worldwide. At Softdesk, he was part of the executive management team that took the company public and was responsible for negotiating strategic licensing agreements, spinoffs and multiple acquisitions. Mr. Ogden has also held the positions of in-house counsel and director of international sales at an accounting software company and an operating system software company, respectively. Drew holds a Juris Doctorate from UNH School of Law and a Bachelor of Science in finance from Franklin Pierce University. He is a member of the Bar of Massachusetts. Mr. Ogden is also a founder of Ascentage Law, an intellectual property and licensing law firm.

Mr. Herriman has over 30 years international experience in starting, developing, buying/selling and turning around companies and senior management teams as a strategist, deal-maker and “company doctor”. He was responsible for strategy, M&A and information technology at Turner Construction in the early 2000s and had the same roles with W.S.Atkins engineering until 2017. In both cases, he was responsible for incubating new technology enabled ventures and partnering with software, hardware and solution providers of all sizes. Jeff has completed over 50 transactions on buy- and sell-side transaction in the U.S., Europe, Middle East, Africa and Asia.

Ascentage Group will remain a stand-alone brand and will continue to provide business acceleration advisory to growth-stage businesses across a broad range of software, hardware and service/solution providers, from SaaS and mobile applications to artificial intelligence and robotics.

All Broker Dealer services for transactions involving securities will be performed by Madison Park Group, LLC – Member of FINRA and SIPC.

About MPG
Madison Park Group is a strategic M&A and capital raising advisor to the global software economy. The firm’s industrial software practice focuses on engineering, construction, manufacturing and IIoT applications and has guided numerous CAD, PLM and engineering software companies through their expansion and acquisition. Industry leaders trust Madison Park Group’s experience in the marketplace.

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Noubar Pechdimaljian
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