The Quinn Partnership, Management Due Diligence specialists, has supported Fourth Hospitality, the global SaaS provider for the hospitality markets, with their acquisition on Adaco. Adaco is a leading supplier of SaaS based purchasing and inventory control solutions to the hotel sector in the US and globally.

The Quinn Partnership was engaged by Fourth Hospitality to help generate greater understanding and insight on how to work most effectively with the Adaco team and make best use of the talents of individuals to achieve a successful integration and performance in line with and beyond expectation. Quinn had previously been appointed to advise ECI Partners on their investment in Fourth Hospitality.

Ben Hood, Fourth CEO commented “We are delighted with this acquisition as it fits well with our international ambitions. I am excited that Sunil will be joining our senior management team and feel this will be a great opportunity for all Adaco employees. Adaco has a fantastic reputation for innovative solutions for the hotel sector and the synergies are considerable. We both share a deep commitment to providing business process efficiency, excellent ROI, and significant improvements in gross profit for our customers.

Sunil Reddy, President of Adaco said “Fourth’s acquisition enables us to extend our global reach as part of a large, well-funded and ambitious organisation. I am looking forward to joining the Fourth Board in my on-going role as Adaco President and working closely with its management team. – the culture and vision of Fourth and Adaco are very similar which is exciting.”

David Ewing, Director at ECI Partners, Fourth’s private equity investors, commented “International expansion is a key part of the growth plan we are supporting at Fourth. Since our investment, Fourth has continued to perform strongly and we are pleased to support the Adaco acquisition with further funding.”

Mike Stiles, Director of Quinn, said “Sunil Reddy is an experienced and capable leader who with Fourth Hospitality’s support is well-equipped to achieve the desired international growth.”

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