As part of the transaction, Charles Deyo, CEO & Founder will move to the role of investor and board member. Tim Sullivan will drive day-to-day operations of the business and serve as its President.

“It has been an incredible journey seeing Cendyn grow since Robin and I founded the company over 20 years ago. We are extremely excited for this next phase of growth,” said Charles Deyo, CEO & President at Cendyn.