Reynolds Advisory Partners, LLC (“Reynolds” or “RAP”) acted as the exclusive financial advisor to Documotion Research, Inc. (“Documotion” or “DRI”) of Columbia, Tennessee on DRI’s majority sale to Tower Arch Capital (“TAC”) of Salt Lake City, Utah. The transaction was publicly announced on September 10, 2025. Financial terms have not been disclosed.

Documotion is the manufacturer of StickyPOS linerless labels, a market-leading point-of-sale (POS) linerless labeling solution for the restaurant, hospitality, and retail industries. DRI’s innovative StickyPOS products enable businesses to improve operational efficiency, reduce waste, and enhance the customer experience. DRI has built a strong reputation for quality, service, and customer-driven product development, serving many of the world’s most recognizable quick-service and fast-casual restaurant brands.

Tower Arch Capital is a growth-oriented middle market private equity firm. TAC partners with high-quality family- and entrepreneur- owned companies to deliver long-term value for their management teams and investors. TAC brings operational, consulting, and financial expertise to companies to help them improve their operations, scale, and grow.

Joel Van Boom, Documotion’s founder and CEO, commented as follows: “We very much appreciated the efforts of Reynolds Advisory Partners, and in particular Brian MacLeod, who was with us from beginning to end, as he helped us find the perfect investment partner in Tower Arch and complete a successful transaction. We are grateful to have had the benefit of Brian’s masterful leadership and tireless efforts in this process, which were essential to our achievement of an optimal result. We are delighted to join forces with Tower Arch as my team and I continue to grow Documotion, and we are thankful to Brian for his important role in the transaction.”

Brian MacLeod, Managing Director at Reynolds, stated: “We are pleased to have assisted Documotion in achieving a successful result from this process. The combination of DRI and Tower Arch will benefit Documotion’s customers and end-user consumers in DRI’s existing markets and facilitate Documotion’s continued growth into new markets for its innovative linerless label solutions. We look forward to observing the continued growth and success of Documotion in the years ahead, with the support and assistance of Tower Arch.”

Mr. MacLeod added: “The Documotion/Tower Arch transaction is representative of our firm’s experience and track record in providing successful M&A advisory services to leading manufacturing and business services companies in the middle market.”

About Documotion Research (StickyPOS)

Documotion Research, Inc., headquartered in Columbia, Tennessee, is the designer and manufacturer of StickyPOS, a leading, patented linerless label and POS media solution designed to improve efficiency, reduce waste, and enhance the customer experience. For more information, please visit www.stickypos.com.

About Tower Arch Capital

Headquartered in Salt Lake City, UT, Tower Arch Capital is a growth-oriented middle market private equity firm. Tower Arch seeks to partner with high-quality family- and entrepreneur- owned companies to deliver long-term value for their management teams and investors. Tower Arch brings operational, consulting, and financial expertise to companies to help them improve their operations, scale, and grow. Target investments include control positions in businesses with EBITDA between $5 million and $30 million. For more information, please visit www.towerarch.com.

About Reynolds Advisory Partners, LLC

Reynolds Advisory Partners, LLC is a boutique investment bank with a focus on the “middle market”. RAP provides a full suite of financial advisory services for mid-size and growing companies, including mergers, acquisitions, divestitures, restructurings, and the issuance of equity and debt capital. RAP’s professionals also have extensive experience in advising Independent/Special Committees of both public and private companies of all sizes in facing complex issues, including evaluating related party transactions. For more information, visit www.reynoldsap.com.

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“We very much appreciated the efforts of Reynolds Advisory Partners, and in particular Brian MacLeod, who was with us from beginning to end, as he helped us find the perfect investment partner in Tower Arch and complete a successful transaction."