Wind Point Acquires CTSI from Tower Arch

Wind Point partnered on this financial investment with the CTSI management team, and its executive advisors George Pierson and Bob Chauvin. Mr. Ruta and management will remain with the company and retain an ownership stake in the business. Mr. Pierson and Mr. Chauvin will serve on CTSIs board of directors.

” CTSI is representative of Tower Archs focus on partnering with and growing household and founder-owned companies to help them reach their next level of development and success,” said Mr. Topham. “We value everything that CTSIs founder, Chris Corbett, has taken into developing CTSIs culture and customer-first focus since the businesss founding 50 years earlier, and we are grateful that he trusted us to be stewards of his service. CTSI has actually found another terrific partner in Wind Point to continue its next chapter.”

CTSI styles, installs and maintains audiovisual, sound, fire security, education, and health care communications technology for customers in several end-markets, including corporate, government, healthcare, education, senior living, multi-family residential, and holy places. The business, established in 1969, is led by CEO Gino Ruta and is headquartered near Washington DC in Chantilly, Virginia.

Tower Arch invests in middle-market companies with revenues in between $20 million and $150 million or EBITDA in between $5 million and $25 million. Tower Arch closed its second fund in March 2019 at an oversubscribed difficult cap of $450 million.

Mr. Chauvin is a 30-year fire and life-safety systems market veteran, having spent many of his career at Massachusetts-based Tyco SimplexGrinnell, where he retired as president in 2017. Mr. Chauvin will be actively included in the advancement and execution of CTSIs future acquisition method. Mr. Pierson has more than 30 years of experience in the engineering services market, consisting of roles as president and CEO of New York-based Parsons Brinckerhoff, and CEO of San Diego-based Kleinfelder Group, which Wind Point gotten in November 2018.

Chicago-based Wind Point invests from $50 million to $100 million in companies with EBITDAs of a minimum of $10 million. Industries of interest include organisation services, consumer items and commercial items. Wind Point is presently investing out of Wind Point Partners IX LP which began fundraising in 2019.

Financial obligation funding for the transaction was provided by Czech Asset Management.

Wind Point Partners has actually acquired Corbett Technology Solutions (CTSI) from Tower Arch Capital. Tower Arch obtained CTSI in November 2016.

” We are very delighted to be partnering with Wind Point due to their long history of speeding up and scaling services growth,” stated Mr. Ruta. “Since CTSIs founding, we have actually effectively grown our service capabilities, consisting of boosted managed and membership services, while extending geographical reach by focusing on the requirements of our employees, consumers and partners. Our focus remains the very same, and with Wind Points support we will even more broaden our abilities to much better serve those constituencies and reach new markets.”

” We are really thrilled for the chance to partner with the premium specialists at CTSI,” stated Nathan Brown, a handling director at Wind Point. “Gino and the talented people at CTSI have built a market leader that is placed for additional growth. CTSI is a fundamentally strong company, consisting of double-digit growth rates and resistant performance through the current pandemic and the terrific recession.”

Private Equity Professional|June 25, 2020

sound and audiovisual systems installation

CTSI has actually discovered another excellent partner in Wind Point to continue its next chapter.”

Wind Point partnered on this investment with the CTSI management team, and its executive consultants George Pierson and Bob Chauvin.” We are incredibly happy to be partnering with Wind Point due to their long history of speeding up and scaling services growth,” said Mr. Ruta.” We are really delighted for the chance to partner with the high-quality specialists at CTSI,” stated Nathan Brown, a managing director at Wind Point. Wind Point is presently investing out of Wind Point Partners IX LP which started fundraising in 2019.

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