Gridiron 

Capital 

Partners 

with 

AML 

RightSource 

Gridiron Capital Partners with AML RightSource

NEW CANAAN, CT, September 22, 2020 – Gridiron Capital, LLC (“Gridiron Capital”), an investment firm focused on partnering with founders, entrepreneurs, and management teams, is pleased to announce an investment in AML RightSource (“AMLRS” or the “Company”), the leading outsourced provider of Anti-Money Laundering (“AML”), Know Your Customer (“KYC”), and Bank Secrecy Act (“BSA”) compliance solutions. Gridiron Capital is partnering with the Company’s Founders and management team to help drive the next phase of growth, and Frank Ewing, CEO, and Paul Linehan, President, are excited to continue leading the Company. Gridiron is acquiring AMLRS from Clarion Capital Partners, LLC (“Clarion”).

“We are extremely pleased to partner with Gridiron Capital – they understand our fierce competitive spirit, our desire to win, and that we are a gritty, entrepreneurial company at our core,” said Frank Ewing, CEO, AML RightSource. “With Gridiron, AML RightSource intends to deepen its strengths within core offerings and further diversify products and services in the governance, risk, and compliance ecosystem.”

Headquartered in Cleveland, Ohio, AML RightSource is a leading professional services firm specializing in solutions for AML/BSA and financial crimes compliance needs to a diverse set of banks and non-bank financial institutions in North America. AMLRS’s experience, knowledge, and infrastructure allow the company to bring value to clients of all sizes and types. Today, AML RightSource is the largest dedicated provider of AML solutions in North America with over 1,000 employees serving clients from offices in Ohio, Arizona, New York, and Ontario. AMLRS was once again included in Inc.’s 5000 fastest growing private companies in America in 2020.

Tom Burger, Founder and Managing Partner at Gridiron Capital stated, “AMLRS has an impressive management team and differentiated, scalable business model that provides superior value to its customers. They have continued to grow and add capabilities since we met them years ago.” Will Hausberg, Managing Director at Gridiron Capital added, “We are honored that Frank and the AMLRS team have chosen us to be their partners and we look forward to delivering Gridiron Capital’s extensive resources to help accelerate the Company’s exceptional growth trajectory.”

Paul Linehan, AML RightSource President, added, “We plan to continue advancing our strategic efforts to leverage technology and data-enabled solutions to further arm our clients with the full suite of services necessary to fight financial crime.”

“We are proud to have worked with an exceptional management team to build AML RightSource into a market leader in financial crimes compliance, trusted by the largest and most innovative financial institutions globally, to fight financial crime. Over the past three year partnership, AML RightSource made significant investments in its infrastructure, more than doubled its employee base, and is on a clear path for continued success,” said Matthew Feldman, a Managing Director with Clarion Capital Partners.

Frank Ewing concluded, “Thanks to the Company’s tireless work, and strategic direction from Clarion, we are poised to become the global leader in this space. We are excited to continue executing on our strategic direction and expanding our capabilities through additional service offerings and geographies. Now, with the backing and strategic vision of Gridiron Capital, we can further accelerate our progress as we fulfill our mission of fighting financial crime for our clients and the world.”

Benesch, Friedlander, Coplan & Aronoff LLP advised Gridiron Capital on the transaction. AML RightSource received investment banking advice from Raymond James & Associates, Inc., legal advice from Brownstein Hyatt Farber Schreck, LLP, and accounting and tax advice from RSM US, LLP. AML RightSource management was advised by Choate, Hall & Stewart LLP.