On August 11, 2022, Enterprise Diversified, Inc. (“ENDI”) announced it had closed its previously announced merger with CrossingBridge Advisors, LLC (“CrossingBridge”). Both ENDI and CrossingBridge have become wholly owned subsidiaries of the newly formed holding company, ENDI Corp., a Delaware corporation that trades on the OTC market. Seward & Kissel is pleased to have represented ENDI in connection with this middle market M&A transaction.

ENDI is primarily focused on partnering with alternative asset managers in addition to holding interests in companies associated with internet access. CrossingBridge is an SEC-registered investment adviser managing strategies primarily focused on ultra-short duration, low duration high yield, responsible credit, and special purpose acquisition companies (SPACs).

Seward & Kissel LLP (www.sewkis.com) is a leading New York law firm, originally established in 1890, offering legal advice emphasizing business, financial and commercial law and related litigation. The firm’s Business Transactions Group handles middle-market M&A, private equity, venture capital and joint venture transactions involving a wide variety of industries. The firm is ranked as Highly Regarded for Corporate/M&A by Chambers USA and is recommended by The Legal 500 in the middle-market M&A category, stating that Seward & Kissel “regularly acts for private equity firms, international businesses and financial services companies in a huge variety of domestic and cross-border corporate and financing transactions.”

The company’s press release describing this transaction is available here.