M&A Deal Summary

Lincoln Rackhouse Acquires ByteGrid Holdings

On May 7, 2019, Lincoln Rackhouse acquired information technology company ByteGrid Holdings from Altpoint Capital Partners

Acquisition Highlights
  • This is Lincoln Rackhouse’s 1st transaction in the Information Technology sector.
  • This is Lincoln Rackhouse’s 1st transaction in the United States.
  • This is Lincoln Rackhouse’s 1st transaction in Maryland.

M&A Deal Summary

Date 2019-05-07
Target ByteGrid Holdings
Sector Information Technology
Buyer(s) Lincoln Rackhouse
Sellers(s) Altpoint Capital Partners
Deal Type Add-on Acquisition

Target

ByteGrid Holdings

Annapolis, Maryland, United States
ByteGrid Holdings LLC provide organizations in both regulated and nonregulated industries with modern, scalable and secure IT infrastructure solutions so their teams can stay focused on the core business.

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Buyer(S) 1

Buyer

Lincoln Rackhouse

Dallas, Texas, United States

Category Company
Founded 1965
Sector Real Estate
DESCRIPTION

Lincoln Rackhouse is the data center division of Lincoln Property Company and focuses on helping organizations of all sizes locate, analyze, and secure data center space to lease or own. With 20 years of experience sourcing mission-critical data centers, Lincoln (Rackhouse) offers unparalleled market and industry knowledge with an unbiased approach in fulfilling your technical/technology requirements.


DEAL STATS #
Overall 1 of 1
Sector: Information Technology M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: Maryland M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2019 M&A 1 of 1

Seller(S) 1

SELLER

Altpoint Capital Partners

New York, New York, United States

Investor Investor


Category Growth Capital Firm
Founded 2009
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Altpoint Capital Partners is a private equity firm focused on making equity investments in established companies with significant potential for growth and profit improvement. Altpoint looks to invest $25 to $150 million in companies valued from $100 to $500 million. Areas of interest include industrial, consumer, business services, financial services, telecommunications, healthcare, and energy. Prospective transaction situations include non-core divestitures, family-run businesses, 'good companies' with overleveraged balance sheets, and restructurings. Altpoint Capital was formed in 2009 and is based in New York City.


DEAL STATS #
Overall 4 of 5
Sector: Information Technology M&A 2 of 2
Type: Add-on Acquisition M&A Deals 2 of 3
State: Maryland M&A 1 of 1
Country: United States M&A 4 of 5
Year: 2019 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-12-14 TowerCo

Cary, North Carolina, United States

TowerCo develops and owns wireless communications towers and leases the towers' capacity to communications service providers. In addition to leasing towers, the company also markets and manages third-party towers for regional carriers. TowerCo was founded in 2004 and is based in Cary, North Carolina.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-05-14 Ford Models

New York, New York, United States

Ford Models is a specialty talent management company representing a diverse range of independent models and artists (photographers, hair and make-up stylists, and other talents). Ford Models was founded in 1946 and is based in New York City.

Sell -