M&A Deal Summary

APIC Solutions Acquires Corporate Technology Solutions

On October 6, 2023, APIC Solutions acquired business services company Corporate Technology Solutions from PAG Capital Partners

Acquisition Highlights
  • This is APIC Solutions’ 1st transaction in the Business Services sector.
  • This is APIC Solutions’ 1st transaction in the United States.
  • This is APIC Solutions’ 1st transaction in Arizona.

M&A Deal Summary
Date 2023-10-06
Target Corporate Technology Solutions
Sector Business Services
Buyer(s) APIC Solutions
Sellers(s) PAG Capital Partners
Deal Type Add-on Acquisition
Advisor(s) The Peakstone Group (Financial)

Target

Corporate Technology Solutions

Tempe, Arizona, United States
Corporate Technology Solutions designs and installs advanced structured cabling systems for voice, data, video, and security networks in the healthcare, education, government, and commercial sectors. Corporate Technology Solutions was founded in 1998 and is based in Tempe, Arizona.

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Buyer(S) 1

Buyer

APIC Solutions

Albuquerque, New Mexico, United States
Category Company
Founded 2012
Sector Construction
DESCRIPTION

APIC Solutions is a full-service electric services and specialty systems integrator serving the Southwest region. The Company provides electrical services, low voltage infrastructure and specialty systems, security and life safety, as well as service and preventative maintenance. APIC Solutions was founded in 2012 and is based in Albuquerque, New Mexico.

DEAL STATS #
Overall 1 of 1
Sector (Business Services) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Arizona) 1 of 1
Country (United States) 1 of 1
Year (2023) 1 of 1

Seller(S) 1

SELLER

PAG Capital Partners

Chicago, Illinois, United States

Investor Investor Investor

Category Private Equity Firm
Founded 2009
Size Small
Type Sector Agnostic
DESCRIPTION

PAG Capital Partners LLC is an operationally oriented private investment firm focused on acquiring lower middle market companies throughout North America. PAG seeks companies with proven business models, sustainable free cash flows, growth opportunities (organic and acquisitions), and defensible market positions. The Firm generally looks for businesses with up to $75 million in revenue and at least $1 million in EBITDA. Areas of interest include consumer products, manufacturing, distribution, and business/consumer services. Types of transactions include leveraged acquisitions, recapitalizations and growth capital financings. PAG Capital Partners LLC is a subsidiary of The Peakstone Group. PAG Capital Partners LLC was formed in 2009 and is based in Chicago.

DEAL STATS #
Overall 1 of 1
Sector (Business Services) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Arizona) 1 of 1
Country (United States) 1 of 1
Year (2023) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-04-19 Lexmark International

Lexington, Kentucky, United States

Lexmark International is a manufacturer and supplier of printing, imaging, device management, managed print services (MPS), document workflow, and business process and content management solutions. Lexmark International was founded in 1990 and is based in Lexington, Kentucky.

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