Rich Fennessy

Rich Fennessy

The latest issue of Executive Perspective features Rich Fennessy, CEO of Trace3, and third-time participant in martinwolf‘s Executive Perspective (he was featured with Kudelski Security and FishNet Security). Rich Fennessy has a proven track record as the CEO of numerous leading international IT businesses over the last 30+ years. In this issue, he dives into how his prior role as the CEO of Switzerland-based Kudelski Security and US-based FishNet Security differs from Trace3 and how Trace3 differentiates itself in the crowded IT marketplace. He discusses his transition to CEO at Trace3 and how he expects to move the company forward by introducing new solution capabilities and geographic expansion. Fennessy also shares his thoughts on trends in the IT industry and how he sees Trace3 positioned to serve the emerging needs of their clients.

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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...