decor decor
"The value of an idea lies in the using of it."

-Thomas Edison

Court Square Acquires AHEAD

Financial Information
  • Not Disclosed
Transaction Facts
  • AHEAD, a provider of enterprise service management, cloud infrastructure and mobility solutions, announced today that it had been acquired by private equity firm Court Square Capital. Financial information was not disclosed.
  • Founded in 2007, AHEAD offers cloud services and solutions to more than 400 clients in the Healthcare, Financial Services, Manufacturing, Retail and other verticals.
  • Court Square Capital manages approximately $5 billion in aggregate capital commitments and has made over 200 investments. It has been particularly active in the technology and solution provider space, and its portfolio companies include unified communications provider and martinwolf client SPS, acquired in Sept. 2011.

New Focus, Same Story

  • Cloud as an Opportunity: AHEAD’s cloud-oriented portfolio of solutions and services makes them an attractive candidate for private equity firms looking to capitalize on a growing market segment. With the cloud storage market forecast to hit $65.4B by 2020 (a 28% CAGR from 2015), AHEAD provides an opportunity to tap in to an area of sustained growth.
  • A Proven Process: Court Square has achieved significant success with prior investments, providing resources to solution providers and creating significant value. In Sept. 2011, it made an investment in unified communications provider SPS-now #74 on CRN’s Solution Provider 500 list. In 2013, Court Square exited its investment in CompuCom Systems by selling it to Thomas H. Lee Partners for about $1.1 billion-a hefty profit considering it paid $504 million to buy it in 2007.
  • Consolidation Continues: This transaction follows Sirius’s acquisition by Kelso in early September. It has been a busy year for private equity companies and IT solution providers, with Virgo Capital acquiring Sayers, Clearlake Capital portfolio company Tolt Solutions acquiring Pomeroy, and countless similar transactions from earlier in the year. As private equity firms continue to supplant public markets in the solution provider space, expect many more to come.

For more information about this transaction, click here to read the press release.

martinwolf was not the advisor in this transaction. Market forecast data from MarketsandMarkets.
previous post Back to Articles next post

24 Jan 2022

Tailwind Capital Sells AST Corp. to Recognize Partners

Financial Information ($USD) Not Disclosed  Transaction Details Tailwind Capital today announced it has completed its sale of AST Corporation to Recognize Partners, a technology services focused investment platform. Financial information was not disclosed. AST, a leading cloud and digital transformation solutions provider, simultaneously announced the deal, categorizing it as a strategic investment by Recognize to enable AST to accelerate investment in innovation,...

03 Jan 2022

Office Depot Sells CompuCom Systems

 Financial Information ($USD) Transaction Value: ~ $305 million Enterprise Value: $1.72 billion EV/LTM Revenue: 0.19x EV/LTM EBITDA: 3.85x  Transaction Details The ODP Corporation (NASDAQ: ODP) announced that it has sold its CompuCom Systems subsidiary to an affiliate of Variant Equity in a transaction valued up to $305 million. The transaction consideration of up to $305 million consists...

29 Dec 2021

Happy Holidays – The 2021 martinwolf Annual Letter

Dear Clients, Partners, and Friends of martinwolf M&A Advisors,   I hope you all are having an enjoyable holiday season with family and friends.   It’s been my tradition in this annual end-of-year letter to spend time reflecting on the past year, and to look forward to what the next year holds for us. We have plenty...