Relay Investments Announces Sale of T-Base Communications to Thompson Street Capital Partners

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Relay Investments has announced the sale of portfolio company T-Base Communications to St. Louis based private equity firm Thompson Street Capital Partners.

Relay Investments, a leading investor in the search fund model, today announced the sale of portfolio company T-Base Communications Inc. (“T-Base”) to private equity firm Thompson Street Capital Partners. Based in Ottawa, Ontario, T-Base Communications provides proprietary software solutions to telco companies, leading banks, and health insurance providers that allow for easy and effective communication with their blind and low vision consumers.

Founded in 1994 and acquired by search fund Gestalt Equity Partners in 2014, T-Base provides a software driven solution for the fast, secure delivery of accessible communications in a wide range of formats to help empower blind and low vision consumers. T-Base is the number one choice for Fortune 500 companies and leading educational institutions.

“We are grateful for the support and guidance Relay has provided over the last 5 years,” said Trevor Lwin, Co-CEO at T-Base Communications. “Their operating and investing experience made them a valuable resource throughout the process.”

Baird served as financial advisor and Goodwin Procter and Dentons Canada served as legal advisor to T-Base Communications in connection with the sale. No financial terms were disclosed.

About Relay Investments:
Relay Investments is a private equity fund with a focus on investing in established micro-cap companies ($1-5mm EBITDA) through the search fund model. Having raised almost $100mm across two funds, Relay Investments has made nearly 200 search fund and operating company investments. Founded in 2013 by Sandro Mina and Martin Steber, and headquartered in Boston, Massachusetts, Relay invests in the US, Canada, and other countries globally. For more information, please visit

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