M&A Deal Summary

Wind Point Partners Acquires Corbett Technology Solutions

On June 23, 2020, private equity firm Wind Point Partners acquired communications company Corbett Technology Solutions, Inc. from Tower Arch Capital and Monroe Capital LLC

Acquisition Highlights
  • This is Wind Point Partners’ 3rd transaction in the Communications sector.
  • This is Wind Point Partners’ 63rd transaction in the United States.
  • This is Wind Point Partners’ 1st transaction in Virginia.

M&A Deal Summary

Date 2020-06-23
Target Corbett Technology Solutions, Inc.
Sector Communications
Buyer(s) Wind Point Partners
Sellers(s) Tower Arch Capital
Monroe Capital LLC
Deal Type Secondary Buyout

Target

Corbett Technology Solutions, Inc.

Chantilly, Virginia, United States
website
CTSI is a provider of high-impact communications solutions that enable people to consolidate information and collaborate effectively. CTSI designs, installs, and implements customized turnkey solutions using innovative, high-performance technologies, and CTSI's dedicated professionals provide complete customer care. From boardrooms and hospitals to classrooms and command centers, CTSI's solutions engage, inspire, and deliver. CTSI was established in 1969 and is based in Chantilly, Virginia.

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Buyer(S) 1

Buyer

Wind Point Partners

Chicago, Illinois, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1984
PE ASSETS 3.0B USD
SizeLarge
Type Sector Agnostic
DESCRIPTION

Wind Point Partners is a private equity firm focused on acquisitions of mid-sized companies operating in the business services, consumer products, healthcare services, and industrial products sectors. Wind Point looks to invest $30 to $150 million in companies valued up to $500 million. Prospective transaction types include leveraged buyouts, recapitalizations, industry consolidations, and growth capital financings. Wind Point Partners began investing in 1984 and is based in Chicago.


DEAL STATS #
Overall 68 of 76
Sector (Communications) 3 of 3
Type (Secondary Buyout) 19 of 21
State (Virginia) 1 of 1
Country (United States) 63 of 70
Year (2020) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-12-06 Tropicale Foods, Inc.

Ontario, California, United States

Helados Mexico is a manufacturer of frozen novelty products under the Helados Mexico brand. The Company produces an assortment of traditional Hispanic offerings, including paletas, bolis, and mangonada cups, which are sold in a variety of flavors and pack sizes. Helados Mexico was founded in 1999 and is based in Ontario, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-09-02 RTIC Outdoors LLC

Houston, Texas, United States

RTIC is a direct-to-consumer (“D2C”) eCommerce provider of high-quality coolers, tumblers, bottles, travel bags, and other products for outdoor enthusiasts. RTIC was founded in 2014 and is based in Houston, Texas.

Buy -

Seller(S) 2

SELLER

Tower Arch Capital

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 2013
PE ASSETS 700M USD
SizeMiddle-Market
Type Sector Agnostic
DESCRIPTION

Tower Arch Capital is a lower middle-market private equity firm focused on partnering with and growing family and entrepreneur-owned companies. Tower Arch seeks US-based companies with $20 to $150 million in revenue and up to $25 million of EBITDA. Prospective transaction situations include buyouts, recapitalizations, and corporate divestitures. Tower Arch Capital was formed in 2013 and is based in Draper, Utah.


DEAL STATS #
Overall 4 of 5
Sector (Communications) 2 of 2
Type (Secondary Buyout) 2 of 3
State (Virginia) 1 of 1
Country (United States) 4 of 5
Year (2020) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-08 CCI Network Services LLC

Salt Lake City, Utah, United States

CCI Network Services LLC is a provider of diversified telecom services. CCI designs, provisions, and manages customized, mission-critical voice, data and cloud solutions for enterprise customers and small to medium-sized businesses. CCI Network Services was established in 2003 and is based in Salt Lake City, Utah.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-16 KNS International LLC

Draper, Utah, United States

Journee Collection is a designer and distributor of branded products across multiple categories with special focus on women's and men's shoes, including products under Journee Collection and other brands, and is a preferred partner for national retailers looking to optimize inventory and expand online product offerings. Journee Collection was established in 2002 and is based in Draper, Utah.

Sell -
SELLER

Monroe Capital LLC

Chicago, Illinois, United States

Investor Investor Investor Investor Investor

website


Category Lender
Founded 2004
PE ASSETS 4.0B USD
SizeLarge
Type Sector Agnostic
DESCRIPTION

Monroe Capital is a provider of senior and junior debt and equity co-investments to middle-market companies in the US and Canada. Investment types include unitranche financings, cash flow and enterprise value based loans, asset based loans, acquisition facilities, mezzanine debt, second lien or last-out loans and equity co-investments. Monroe Capital is a generalist investor and will consider companies in the healthcare, technology, media, retail, consumer sectors. Monroe Capital was formed in 2004 and is based in Chicago.


DEAL STATS #
Overall 25 of 29
Sector (Communications) 1 of 1
Type (Secondary Buyout) 8 of 11
State (Virginia) 1 of 1
Country (United States) 25 of 29
Year (2020) 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-03-03 Sandbox Group LLC

Chicago, Illinois, United States

Sandbox Group LLC is an independent, full-service, strategic and digital agency, to create more transformational solutions and a better agency experience for marketing and technology clients. Sandbox Group is based in Chicago, Illinois.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-09-08 MyCase, Inc.

Goleta, California, United States

MyCase is a provider of cloud-based legal practice management software and payment services to law firms serving over 11,000 customers. MyCase was founded in 2010 and is based in Goleta, California.

Buy $193M