M&A Deal Summary

C1 Acquires Strategic Products and Services

On August 17, 2017, C1 acquired information technology company Strategic Products and Services from Court Square Capital Partners

Acquisition Highlights
  • This is C1’s 4th transaction in the Information Technology sector.
  • This is C1’s 8th transaction in the United States.
  • This is C1’s 2nd transaction in New Jersey.

M&A Deal Summary
Date 2017-08-17
Target Strategic Products and Services
Sector Information Technology
Buyer(s) C1
Sellers(s) Court Square Capital Partners
Deal Type Add-on Acquisition
Advisor(s) Houlihan Lokey (Financial)

Target

Strategic Products and Services

Parsippany, New Jersey, United States
Strategic Products and Services is a provider of enterprise telephony and unified communications services, software, and hardware to enterprise and government customers in the U.S. SPS assesses, designs, implements, and manages voice and data network systems using technologies from Avaya, Microsoft, Cisco, and Juniper Networks. Strategic Products and Services was established in 1988 and is based in Parsippany, New Jersey.

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Buyer(S) 1

Buyer

C1

Bloomington, Minnesota, United States
Category Company
Founded 1993
Sector Communications
Revenue 919M USD (2017)
DESCRIPTION

C1 is a provider of business communications solutions. The Company serves as a critical link between OEMs and end users providing essential consulting and project management services related to custom design, installation, implementation and maintenance of communication solutions. C1 was formed in 1993 and is headquartered in Bloomington, Minnesota.

DEAL STATS #
Overall 8 of 17
Sector (Information Technology) 4 of 9
Type (Add-on Acquisition) 7 of 15
State (New Jersey) 2 of 2
Country (United States) 8 of 17
Year (2017) 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-07-18 Annese & Associates

Clifton Park, New York, United States

Annese & Associates, Inc. is a technology solutions provider backed by four decades of expertise and relationships, with a continual focus on innovation. Annese designs an end-to-end IT experience, implementing the tools of today and designing for the emerging technologies of tomorrow. Annese & Associates, Inc. was established in 1970 and is headquartered in Clifton Park, New York.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-12-18 Alexander Open Systems

Overland Park, Kansas, United States

Alexander Open Systems, Inc. is a consultative technology partner, specializes in architecting, implementing and supporting an expansive portfolio of solutions. These offerings range from Enterprise Networking, Unified Communications, Storage and Virtualization to Physical and Information Security, Managed Services, GIS, SharePoint and more. AOS seeks to maximize their client's effectiveness by aligning business objectives with the right technologies.

Buy -

Seller(S) 1

SELLER

Court Square Capital Partners

New York, New York, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1968
PE ASSETS 7.7B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Court Square Capital Partners (CSCP) is a generalist private equity firm that seeks middle market company investments across the US. CSCP looks to partner with management teams to accelerate revenue growth and improve operating efficiency. Sectors of interest include business services, building products, chemicals, consumer products, food products/services, healthcare, aerospace/defense, manufacturing, media, technology, telecommunications, and transportation. Court Square Capital Partners was formerly known as Citigroup Venture Capital Equity Partners. The Group spun out of Citigroup and became independent in 2006. CSCP is based in New York City.

DEAL STATS #
Overall 38 of 56
Sector (Information Technology) 4 of 8
Type (Add-on Acquisition) 22 of 25
State (New Jersey) 2 of 2
Country (United States) 35 of 53
Year (2017) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-02-09 Evans

Schuylkill Haven, Pennsylvania, United States

Evans is a provider of intermodal and other trucking services through a non-asset-based agency model. Through its agent network, Evans offers services through a fleet of over 3,000 tractors and over 180 terminals throughout the country. Evans has a long and successful track record of supporting and growing its agent network and servicing agents, independent contractors, and shippers with a comprehensive and highly value-additive offering. Evans was founded in 1939 and is based in Schuylkill Haven, Pennsylvania.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-09-29 PlayCore

Chattanooga, Tennessee, United States

PlayCore is a provider of consumer equipment and backyard products. It specializes in the design, manufacture and marketing of commercial and consumer outdoor playground equipment. The consumer division manufactures kits for wooden swing sets and climbing units, plastic slides and related products. PlayCore was founded in 1979 and is headquartered in Chattanooga, Tennessee.

Buy -
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