Santa Monica-based Full Stack Finance LLC, represented by O&A, P.C., has been acquired by Escalon Services Inc., a private-equity-backed financial services company. As part of the deal, Full Stack Finance founders Ivan Ivankovich and Jordan Posell will join Escalon as Escalon’s first Chief Operating Officer and new Vertical Head – Media & Entertainment & Hospitality, respectively.
O&A Managing Partner Dan Offner and Afshin Hakim, of Counsel, led the deal team representing Full Stack Finance. The deal closed Feb. 22, 2022.
Formed from the 2015 merger of Rootstock Partners (founded by Posell) and iFinance (founded by Ivankovich) in Los Angeles, Full Stack Finance serves technology startups and high-growth businesses by providing professional staff specializing in financial and human resources services.
Escalon, based in Palo Alto, Calif., is a leading essential business services (EBS) provider to technology startups, and other small- and medium-size businesses. Escalon offers a full suite of essential back-office operations such as accounting, tax work, business insurance, HR, payroll, benefits and recruiting for companies throughout the U.S.
The Fullstack acquisition grows Escalon’s technology, emerging-growth and high-growth businesses, in addition to augmenting a strong leadership team with Ivankovich and Posell and a strategic position in Southern California’s fast-growing technology market.
The O&A team helping complete the deal included Associate Attorneys Vivian Le, and Andrew Yang, and Paralegals Yakov Raymond, Kellie Davis, Simone Ritchie, and Aaron Kunitomo.
“It was our privilege to work for Ivan and Jordan on this win-win deal for Fullstack with a purchaser such as Escalon,” Offner said.