M&A Deal Summary

CXtec Acquires Atlantix Global Systems

On August 22, 2017, CXtec acquired technology hardware company Atlantix Global Systems from Mill Point Capital

Acquisition Highlights
  • This is CXtec’s 1st transaction in the Technology Hardware sector.
  • This is CXtec’s 1st transaction in the United States.
  • This is CXtec’s 1st transaction in Georgia.

M&A Deal Summary

Date 2017-08-22
Target Atlantix Global Systems
Sector Technology Hardware
Buyer(s) CXtec
Sellers(s) Mill Point Capital
Deal Type Divestiture

Target

Atlantix Global Systems

Norcross, Georgia, United States
Atlantix Global Systems LLC is a secondary market hardware supplier with extensive refurbishment, sourcing, distribution and maintenance service capabilities. CXtec creates world-class brands of hardware, maintenance and support alternatives allowing its customers to maximize their technology lifecycle. Its brand of equal2new certified pre-owned networking and voice equipment is backed by an industry-leading lifetime warranty. Its IT asset disposition services maximize the value of used technology. Its RapidCare third-party maintenance offering provides an alternative to OEM support at a fraction of the cost.

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Buyer(S) 1

Buyer

CXtec

Syracuse, New York, United States

Category Company
Founded 1978
Sector Technology Hardware
DESCRIPTION

CXtec is a provider of refurbished networking, and telephony hardware and data center cabling products to a diverse base of blue-chip customers. The Company and its equal2new brand of certified pre-owned equipment have established a market-leading position with deep domain expertise. CXtec’s systems and testing / certification processes ensure that IT procurement professionals are able to maintain and extend the life-cycle of existing IT infrastructure equipment by purchasing reliable refurbished hardware products at significant savings and short lead times. The Company’s growing RapidCare service provides third-party maintenance solutions. CXtec was founded in 1978 and is based in Syracuse, New York.


DEAL STATS #
Overall 1 of 1
Sector (Technology Hardware) 1 of 1
Type (Divestiture) 1 of 1
State (Georgia) 1 of 1
Country (United States) 1 of 1
Year (2017) 1 of 1

Seller(S) 1

SELLER
DESCRIPTION

Mill Point Capital is a private equity firm focused on buyouts of established middle-market companies with strong track records. The Firm will consider opportunities throughout North American and generally looks to invest $15 to $80 million in companies valued up to $250 million. Sectors of interest include industrial and business services. Mill Point Capital is based in New York City.


DEAL STATS #
Overall 1 of 9
Sector (Technology Hardware) 1 of 1
Type (Divestiture) 1 of 1
State (Georgia) 1 of 3
Country (United States) 1 of 9
Year (2017) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-01-24 Avenu Insights & Analytics

Centreville, Virginia, United States

Avenu Insights & Analytics is a provider of integrated administrative, revenue enhancement and payment software and solutions to state and local governments Avenu Insights & Analytics was founded in 1978 and is based in Centreville, Virginia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-11-30 KKSP Precision Machining

Glendale Heights, Illinois, United States

KKSP Precision Machining is a contract manufacturer of high-volume, medium-tolerance, precision-machined metal components for a variety of applications. K&K specializes in brass components and is the largest Davenport screw machine operator in the United States. KKSP Precision Machining was founded in 1968 and is based in Glendale Heights, Illinois.

Buy -