ARCASEARCH CORPORATION

Minneapolis, Minnesota – Quazar is pleased to announce ArcaSearch Corporation (“ArcaSearch” or “the Company”) has been acquired by North Value Partners. Quazar served as ArcaSearch’s exclusive M&A Advisor, while Moss & Barnett served as legal counsel. The transaction closed on September 30, 2021, and terms of the transaction were not disclosed.

ArcaSearch is a document preservation company with a completely integrated document digital archival and retrieval system. The Company’s patented digitization solutions are used in a variety of end markets, including: Government, Education, Corporations, and Non-profits. The Shareholders of ArcaSearch made a strategic decision to transition the Company to a buyer that could manage the Company’s rapid growth, provide future opportunities to its employees, and maintain excellent customer service to its existing client base. The motivation for the sale was largely driven by the Shareholders’ desire to spend less time managing the day-to-day operations of the business and more time with their families. The Shareholders chose Quazar as their M&A Advisor primarily due to Quazar’s unique marketing approach, extensive network, ability to reach buyers across the globe, and reputation for successfully working with privately-held businesses.

After a robust marketing process, interest was received from both strategic and financial buyers. The Shareholders ultimately decided that North Value Partners was the perfect fit for carrying on the Company’s legacy.

“The culture at ArcaSearch is one that the senior management team and I have worked hard to craft, as we have taken the good and left out the bad from many of our previous roles working at different companies and managing teams. Quazar understood this from the jump and worked extremely hard, and were ultimately successful, at finding the right buyer to carry on the business’s legacy. Everyone at Quazar remained involved throughout the process from beginning to end, providing valuable insight and solutions to the problems that ultimately arise in a transaction of this nature and size. As we turn to a new chapter, the entire ArcaSearch team is looking forward to working with the new ownership group and continuing to manage and grow our exceptionally strong sales pipeline and backlog.” – Chuck Miotke, President and Shareholder of ArcaSearch Corporation

ArcaSearch Corporation (arcasearch.com) images historical documents, books, photographs, and records, and then compiles these images into a searchable, web-based database. The Company primarily sells to small and medium sized businesses, local governments, and higher education end markets throughout the United States. Since its origination, ArcaSearch has hosted over 1,000 customers and imaged over 75 million documents. ArcaSearch was founded in 1992 and is headquartered in Cold Spring, Minnesota.

North Value Partners (northvaluepartners.com) is a Minnesota-based private investment firm that invests in high-quality public and private business with a long-term investment horizon. North Value Partners was founded by Adam Wright in 2017.

Quazar (quazarinc.com) is a Minneapolis-based Investment Bank founded in 1990. Quazar specializes in working with privately-held businesses within various industries, including: manufacturing, distribution, business services, technology, and consumer. Quazar provides both sell-side and buy-side advisory services to companies in the lower middle and middle-market.