According to Sanjay Gulati, Principal at Surge, “We are honored to partner with JP on the next exciting chapter of this company. Avalon’s world-class management team and strong KPI systems serve a diverse customer base of over 2,400 clients. With a ~90% revenue retention rate, 92 Net Promoter Score, strong free cash flow profile, and history of sustained performance through both recessionary and COVID environments, we find the asset exceptionally attractive in these volatile times. We are eager to work with him and the company to help continue its trajectory and execute on an addon acquisition campaign.”

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