Tower Partners Acts as Exclusive Sell-Side Advisor in the Sale of Armada Analytics to 119th Street Capital

Tower Partners, a leading private investment banking and advisory firm, announced that it served as the exclusive sell-side advisor to Armada Analytics in its acquisition by 119th Street Capital (119th Street), a family office focused on financial services investments. The Armada Analytics transaction represents a hallmark engagement for Tower Partners and was one of eight transactions the firm closed during the fourth quarter of 2025.

Tower Partners initiated its work with Armada Analytics through its proprietary Market Readiness Assessment™. Following completion of the assessment, Tower executed a broad and strategic market outreach, resulting in a highly competitive and well-participated sale process. Interest from multiple prospective buyers ultimately led to a successful transaction with 119th Street Capital.

Founded in 2006 by Zack Devier, Armada Analytics is a leading provider of commercial real estate services to the multifamily sector. The company offers an integrated suite of solutions, including underwriting, asset management, zoning, due diligence, engineering, and insurance review.

“It was a privilege to guide Armada Analytics through this acquisition. Their team has built an exceptional platform that is at an inflection point to capitalize on exponential growth with the right partner,” says Ben Robinson, Managing Director, Head of the Business Services Group, and Execution Lead for the deal at Tower Partners. “Through our competitive process, 119th Street Capital emerged as an ideal steward for Armada Analytics' next chapter.”

“The Tower team exemplified professionalism throughout the entire process, providing guidance and support at every step-from go-to-market preparation through closing. We would highly recommend Tower and will call on them again for all of our investment banking needs,” says Armada Analytics's Chairman and Founder, Zack Devier.

Tower Partners CEO and Founder, Erv Terwilliger, adds, “This transaction highlights the value of strategic advisory in achieving the right partnership. Months prior to going to market, we partnered with Armada's executive team and ownership through our readiness process. We are proud to support Zach, Leigh-Anne, and Armada Analytics and look forward to seeing their continued success under 119th Street Capital's ownership.”

Under 119th Street Capital’s ownership, Armada Analytics will gain access to strategic resources to support continued growth while maintaining its client-first culture. The current leadership team, including CEO Matt Legge, EVP Joel Willard, and EVP Michael Fissette, will continue to lead the company through its next phase of expansion.

“The decision to sell Armada was complex, and having never been through a process like this, we heavily relied on Tower Partners' expertise. They were a true partner, guiding us from initial positioning through final closing. Their ability to anticipate issues and simplify complex structures made the entire experience positive and successful."

About Tower Partners

Headquartered in Columbia, MD, Tower Partners is the premier private investment bank servicing the lower middle market. Tower’s team has completed engagements with more than $15 billion in transaction value. It specializes in providing Wall Street level investment banking to main street, with a focus on family, founder, and entrepreneurial-led businesses in the lower middle market. The company has offices in Columbia, MD, Baltimore, MD, New York, NY, and Connecticut.