Citizens Serves as Exclusive Financial Advisor to autoLOTO on its Majority Recapitalization by Baird Capital

03/05/2026

Citizens Serves as Exclusive Financial Advisor to autoLOTO on its Majority Recapitalization by Baird Capital

PROVIDENCE, RI - Citizens Capital Markets & Advisory announced today that it served as the exclusive financial advisor to autoLOTO on its majority recapitalization by Baird Capital.

Based in Coeur d'Alene, ID, autoLOTO is a cloud-based software and services provider that helps organizations automate, digitize and manage Lockout/Tagout safety procedures across mission-critical environments, including the rapidly growing data center industry.

With Baird Capital's investment, autoLOTO is well-positioned to extend its proven platform into additional end markets where formal energy-control procedures are required by OSHA, including utilities and energy, healthcare, manufacturing, transportation and logistics.

"The Citizens team did a fantastic job preparing us for the process, thoroughly assessing the buyer landscape, and running a highly competitive process," said Daniel Furbush, CEO of autoLOTO. "Citizens' understanding of the data-center ecosystem and the broader mission-critical market was evident from day one, and it played a meaningful role in positioning our business with the right strategic and financial partners. Their efforts helped us find the ideal partner in Baird Capital, a group deeply committed to the continued growth and development of our company. We highly recommend Citizens to anyone looking to raise capital or pursue a sale process."

The partnership will support accelerated hiring, product development and go-to-market expansion, enhancing the company's ability to reach these sectors while continuing to serve customers across North America and globally. autoLOTO's existing leadership team will continue to lead the business following the transaction.

"The autoLOTO team has built an impressive, category-defining platform in the rapidly growing EHS (Environmental, Health and Safety) and industrial automation ecosystems," said Townsend Devereux, managing director at Citizens. "To date, the autoLOTO platform has redefined how teams safely install and maintain electrical equipment in the rapidly growing data center industry. Going forward, the company will add services addressing similar needs in other OSHA-regulated environments as well as provide services for mechanical systems. We partnered closely with the autoLOTO team to facilitate this successful transaction and look forward to their continued success."

Citizens Capital Markets & Advisory offers investment banking, research, sales and trading activities as part of our institutional broker-dealer, Citizens JMP Securities, LLC, a subsidiary of Citizens Financial Group (NYSE: CFG).

About Citizens Financial Group, Inc.

Citizens Financial Group, Inc. is one of the nation's oldest and largest financial institutions, with $226.4 billion in assets as of December 31, 2025. Headquartered in Providence, Rhode Island, Citizens offers a broad range of retail, private banking, wealth management and commercial banking products and services to individuals, small businesses, middle-market companies, large corporations and institutions. Citizens helps its customers reach their potential by listening to them and by understanding their needs in order to offer tailored advice, ideas and solutions. In Consumer Banking, Citizens provides an integrated experience that includes mobile and online banking, a full-service customer contact center and the convenience of approximately 3,100 ATMs and approximately 1,000 branches in 14 states and the District of Columbia. Consumer Banking products and services include a full range of banking, lending, savings, wealth management and small business offerings. Consumer Banking includes Citizens Private Bank and Private Wealth, which integrate banking services and wealth management solutions to serve high- and ultra-high-net-worth individuals and families, as well as investors, entrepreneurs and businesses. In Commercial Banking, Citizens offers a broad complement of financial products and solutions, including lending and leasing, deposit and treasury management services, foreign exchange, interest rate and commodity risk management solutions, as well as loan syndication, corporate finance, merger and acquisition, and debt and equity capital markets capabilities. More information is available at www.citizensbank.com or visit us on X, LinkedIn or Facebook.

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