April 5, 2022 – Blue River Financial Group announced it served as exclusive M&A advisor to Jonesboro, AR-based Trinamic, LLC and its subsidiaries AutoMail and Document Output Center (collectively “AutoMail/DOC”) in its sale to Birmingham, AL-based HC3. The acquisition closed on March 1, 2022. HC3 acquired all assets and operations of AutoMail/DOC. Terms of the transaction were not disclosed.

Steve Smith founded Syntel in 1997, but subsequently changed its name to AutoMail. The company provides software to commercial banks, utilities, hospitals, and other businesses allowing them to automate and reduce expenses for statement production and fulfillment, document delivery, and tax notice processing. Smith later created DOC to provide outsourced document printing and mailing services to banks and other organizations with high volume printing and mailing requirements.

HC3 is a data-driven technology company that connects financial institutions to their customers through document design, digital delivery, and print delivery. HC3’s acquisition positions it as a leading national provider of statement and critical communications services for financial institutions and other regulated industries.

HC3’s President, Griffin McGahey, said, “As we sought an opportunity to expand our reach, AutoMail/DOC’s culture of service and core values matched ours. HC3 will now serve 611 financial institutions across the nation.”

The acquisition not only increases HC3’s client base, it significantly expands its software team and product offerings. Additional software benefits include statement presort software, automated e4641 services, and Asset Verification request submissions.

Jeremiah James, AutoMail/DOC’s CEO, will continue to lead the business under HC3’s ownership. James explained, “Together, we are one of the largest third-party providers in the nation. Merging the two companies allows us to better serve our joint client base by offering new and innovative technologies and ideas to help them grow all areas of their businesses. The acquisition takes the best of both companies and positions us to expand our software development team, leverage our combined years of expertise, and better serve community financial institutions.”

Steve Smith said, “For many years, I have been fortunate to labor side-by-side with remarkable employees committed to delivering outstanding services to customers. Now, it’s time for someone else to superintend the Company’s path to the future. The McGahee family and HC3 impressed me with two overarching characteristics – honor and excellence. I am grateful our employees and customers are in good hands.”

William (Bill) Loftis, Managing Partner of Blue River, served as lead investment banker on the transaction. Bill noted, “The best transactions occur when both sides are pleased with the deal. In this case, the two cultures aligned nicely. We expect the principals will be just as satisfied with the transaction outcome many years down the road as they were on the day of closing.”


William Lofits
Managing Partner

About Blue River

Blue River Financial Group is a middle market merger and acquisition advisory firm headquartered in Bloomfield Hills, Michigan. It assists corporations, private equity groups and individuals in the sale and acquisition of businesses, and has completed assignments in multiple business segments. With over 20 years of experience spanning across 50 global industries, Blue River provides a suite of services to middle market clients including corporate development, private equity support, valuations and transaction consulting, placing a premium on relationship-centered transaction counsel and client focus.

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