HdL Companies Acquires DataMax Revenue Enhancement

HdL Companies, a leading provider of revenue enhancement and management solutions for public agencies, is pleased to announce the acquisition of key assets from NC-based DataMax Corporation, a like-minded firm that specializes in revenue identification and recovery.

"We are thrilled about today's announcement. The combination of DataMax with HdL Companies will create tremendous opportunities for our clients and team members. We are delighted and honored to become associated with HdL Companies," said DataMax CEO, Lisa Venable.

DataMax's outstanding reputation for providing high-quality services compliments HdL's objective of supporting communities and their local government leaders through increased revenue, efficient operations, and overall economic success. As an affiliate of HdL, DataMax will continue to provide and grow their local government solutions to existing and prospective clients.

"We are very excited about the acquisition of DataMax. This affords HdL expanded opportunities to serve more municipalities across the U.S. in our mission to support vibrant communities where people live, work, and play," says HdL Companies CEO and President, Andy Nickerson. "HdL and DataMax are closely aligned with our core values, which will enable seamless integration. Together, we will continue to add value to local governments by offering robust software solutions and tech-enabled services that maximize municipal revenue streams."

Eddy Forest, DataMax President, adds: "This is a great opportunity for both our clients and our employees. We are extremely proud of the company and culture that we have built over the past few years, and this transaction paves the way to build on that success."

About HdL Companies

HdL Companies is dedicated to supporting local governments across the U.S. with revenue enhancement, technology and consulting services that enable cities, counties, and special districts to better serve their constituents. Founded in 1983, HdL Companies' comprehensive approach to revenue management is trusted by over 600 local governments. The company has successfully recovered over $3 billion in revenue for client agencies. For more information, visit hdlcompanies.com.