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M&A Deal Summary

Grey Mountain Partners Acquires Stratix

On December 8, 2011, private equity firm Grey Mountain Partners acquired software company Stratix

Acquisition Highlights
  • This is Grey Mountain Partners’ 1st transaction in the Software sector.
  • This is Grey Mountain Partners’ 8th transaction in the United States.
  • This is Grey Mountain Partners’ 1st transaction in Georgia.
Investment Fate
  • Stratix was sold to a consortium of financial buyers in 2016.
  • Stratix was sold to a consortium of financial buyers in 2022.

M&A Deal Summary
Date 2011-12-08
Target Stratix
Sector Software
Buyer(s) Grey Mountain Partners
Deal Type Buyout (LBO, MBO, MBI)

Target

Stratix

Norcross, Georgia, United States
Stratix is a provider of outsourced Managed Mobile Service (MMS) solutions for many of the largest global brands within the retail, manufacturing, transportation and field service industries. Stratix has evolved from a data capture consulting services company to one of the largest national MMS providers with a comprehensive mobile service portfolio. The company leverages deep industry expertise, expansive service offerings and mobile specialization to provide consulting, deployment, software, 24x7 support and asset management services for the enterprise mobile workforce. Stratix was founded in 1983 and is based in Norcross, Georgia.

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Buyer(S) 1

Buyer

Grey Mountain Partners

Boulder, Colorado, United States
Category Private Equity Firm
Founded 1992
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Grey Mountain Partners is a private equity firm focused on investments in smaller middle-market companies. Grey Mountain targets new platform companies with minimum revenues of $25 million and EBITDA greater than $5 million. The Firm can commit up to $75 million per platform investment. Sectors of interest include diversified manufacturing, wholesale/distribution, business services, software, consumer services, packaging, food & beverage, specialty chemicals, financial services, energy, and defense. Prospective transaction situations can include corporate divestitures, MBOs, consolidation opportunities, family held companies in transition, and companies in distress or emerging from bankruptcy. Grey Mountain Partners is based in Boulder, Colorado.

DEAL STATS #
Overall 8 of 23
Sector (Software) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 5 of 11
State (Georgia) 1 of 2
Country (United States) 8 of 23
Year (2011) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-01-17 Triton Offshore

Theriot, Louisiana, United States

Triton Offshore provides offshore commercial diving services in the Gulf of Mexico and maintains a leading position in surface diving activities. Triton Offshore was formed in 1999 and is based in Theriot, Louisiana.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-01-04 Global Security Glazing

Selma, Alabama, United States

Global Security Glazing is a manufacturer of security, custom architectural, and transportation glass and glazing solutions. Its products offer impact, bullet, blast, and fire resistant protection across a variety of applications, including: prisons, detention and correctional facilities, embassies, armored vehicles, and other buildings requiring enhanced security.

Buy -
Mergr

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