Quad-C Management Announces Sale of Curvature
CHARLOTTESVILLE, Va.--(BUSINESS WIRE)--Mar 2, 2017--Quad-C Management, Inc. (“Quad-C”), a leading middle market private equity firm, today announced it has completed the sale of its portfolio investment Curvature LLC (“Curvature” or the “Company”), an IT services company and leading provider of new and pre-owned network hardware and IT infrastructure services. Through the deal, Curvature merged with Partners Group portfolio company SMS Systems Maintenance Services to form SMS | Curvature. Terms of the transaction were not disclosed.
Quad-C invested in Curvature (FKA: Network Hardware Resale) in 2012 in partnership with the Company’s management team. Since that time, Curvature has grown significantly by adding new service offerings, expanding geographically and integrating a highly strategic acquisition.
“Over the course of our partnership with Quad-C, Curvature has transformed from a networking equipment vendor to a balanced IT services company,” said Curvature CEO Mike Sheldon. “Quad-C supported us throughout this process as we diversified our hardware offering, expanded into third-party maintenance and managed services, opened offices in Japan and India and completed the Company’s first acquisition. We have sincerely valued the collaboration with the Quad-C team and thank them for their support.”
“Curvature’s transformation to a diversified IT services provider with global scale created a truly unique asset in the market,” commented Frank Winslow, a Partner at Quad-C. “The Company’s sale to SMS demonstrates the significant strategic value of this platform, and we wish Mike and the team all the best in the next phase of the Company’s growth.”
“We feel extremely fortunate to have partnered with Mike Sheldon and his team over the past four years,” said Steve Burns, Managing Partner at Quad-C. “We are proud of what the Company was able to accomplish with the significant investments in new business lines, people, service infrastructure and geographic span under our ownership and pleased to complete another successful owner-operator recap.”
Curvature is transforming how companies procure, maintain and upgrade IT equipment and support for multi-vendor network and data center environments. Founded in 1986, the company has become a trusted strategic partner for more than 10,000 organizations globally, including some of the largest telecommunications carriers, top financial services firms and Global 1000 organizations. Based in Santa Barbara, Calif., the company specializes in delivering 24X7 global technical support, advanced hardware replacement, and complete lifecycle management of networking, server and storage equipment from corporate locations in the Americas, Europe and Asia. For more information, visit www.curvature.com
Founded in 1989 and headquartered in Charlottesville, Virginia, Quad-C is a middle market private equity firm focused on investing in well-established business services, consumer, general industrial, healthcare, specialty distribution and transportation and logistics companies. In its 25-year history, Quad-C has invested over $2 billion of equity across more than 50 companies. The Quad-C team is committed to partnering with entrepreneurs and management teams to accelerate growth and create long-term value. www.quadcmanagement.com
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CONTACT: BackBay Communications
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KEYWORD: UNITED STATES NORTH AMERICA VIRGINIA
INDUSTRY KEYWORD: TECHNOLOGY DATA MANAGEMENT NETWORKS TRANSPORT TRAVEL TRANSPORTATION LOGISTICS/SUPPLY CHAIN MANAGEMENT PROFESSIONAL SERVICES CONSULTING FINANCE RESEARCH SCIENCE
SOURCE: Quad-C Management, Inc.
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PUB: 03/02/2017 06:00 AM/DISC: 03/02/2017 06:00 AM