Sunday, April 21, 2019

Platinum Equity and The Gores Group Sell Data Blue to Court Square Capital Partners

BWW News Desk
April 11, 2019

Platinum Equity and The Gores Group announced today the sale of Data Blue to Court Square Capital Partners Financial terms of the transaction were not disclosed pblockquotep idpullquotepblockquote p Founded in 2011 Data Blue is a provider of customized infrastructure cloud architecture and virtualized solutions to enterprise customers in North America p p Platinum Equity and The Gores Group through its Gores Small Capitalization Partners fund acquired a controlling stake in Data Blue in 2016 and worked together with the companys management team to drive growth and operational improvement plans p p Weve enjoyed a great partnership over the past three years that has helped substantially grow and diversify our business said Data Blue CEO Stephen Ayoub We have evolved from our roots in data storage and established the company as a leading provider of converged infrastructure solutions that is well positioned for continued success p p Since 2016 Data Blues revenue has grown nearly 50 percent as the company has deepened relationships with technology partners developed an Infrastructure Transformation practice invested in new sales and marketing capabilities and completed two addon acquisitions p p Weve worked together to create an efficient truly scalable platform that is built for sustainable growth said Platinum Equity Partner Jacob Kotzubei Its been a real collaborative effort and we are proud of everything the company has accomplished during our stewardship p p Ed Johnson Senior Managing Director at The Gores Group said Data Blue has evolved into a world class IT solutions provider through impressive gains organically and through execution of a successful MampA strategy We wish Stephen and the team great future success p p In January 2017 Data Blue acquired LPS Integration a Value Added Reseller specializing in cloud infrastructure networking security and storage architectureIn April 2017 it acquired Atlantabased cloud expertise and consulting firm Williams amp Garcia p p Raymond Jamesamp Associatesacted as financial advisor and Morgan Lewis acted as legal advisor to Platinum Equity and The Gores Group on the sale of Data Blue Dechert acted as the legal adviser to Court Square on the acquisition p p span classbwulinebAbout Platinum Equitybspan p p Founded in 1995 by a referrerpolicyunsafeurl targetblank hrefhttpsctsbusinesswirecomctCTidsmartlinkampurlhttps3A2F2Fplatinumequitycom2Fleadership2Ftomgoresampesheet51968602ampnewsitemid20190411005873amplanenUSampanchorTomGoresampindex1ampmd55848c474e9e864bda4ff3aa0fdfc5db3 relnofollowTom Goresa a referrerpolicyunsafeurl targetblank hrefhttpsctsbusinesswirecomctCTidsmartlinkampurlhttps3A2F2Fwwwplatinumequitycom2Fampesheet51968602ampnewsitemid20190411005873amplanenUSampanchorPlatinumEquityampindex2ampmd52e7a2c9e0eae539564874515d6bba346 relnofollowPlatinum Equitya is a global investment firm with approximately 13 billion of assets under management and a a referrerpolicyunsafeurl targetblank hrefhttpsctsbusinesswirecomctCTidsmartlinkampurlhttps3A2F2Fwwwplatinumequitycom2Fportfolioampesheet51968602ampnewsitemid20190411005873amplanenUSampanchorportfolioampindex3ampmd5b78c407e95692551926b8741869cfb4d relnofollowportfolioa of approximately 40 operating companies that serve customers around the world The firm is currently investing from a referrerpolicyunsafeurl targetblank hrefhttpsctsbusinesswirecomctCTidsmartlinkampurlhttps3A2F2Fplatinumequitycom2Fnews2Fnewsarticles2F20172Fplatinumequityannouncesclosingofbr2465bilampesheet51968602ampnewsitemid20190411005873amplanenUSampanchorPlatinumEquityCapitalPartnersIVampindex4ampmd5ae3986ce1bf96b323704f0d1f53a77a8 relnofollowPlatinum Equity Capital Partners IVa a 65 billion global buyout fund and a referrerpolicyunsafeurl targetblank hrefhttpsctsbusinesswirecomctCTidsmartlinkampurlhttps3A2F2Fplatinumequitycom2Fnews2Fnewsarticles2F20182Fplatinumequityannounces2415billionsmallcapfampesheet51968602ampnewsitemid20190411005873amplanenUSampanchorPlatinumEquitySmallCapFundampindex5ampmd560809560673b78eb4248f3908045c6d0 relnofollowPlatinum Equity Small Cap Funda a 15 billion buyout fund focused on investment opportunities in the lower middle market Platinum Equity specializes in mergers acquisitions and operations a trademarked strategy it calls MampAampO acquiring and operating companies in a broad range of business markets including manufacturing distribution transportation and logistics equipment rental metals services media and entertainment technology telecommunications and other industries Over the past 23 years Platinum Equity has completed more than 250 acquisitions p p span classbwulinebAbout The Gores Groupbspan p p The Gores Group founded in 1987 by Alec Gores is a global investment firm focused on partnering with differentiated businesses that can benefit from its extensive industry knowledge decades long experience and flexible capital base Over its 30 year history the firm has developed a deep understanding of and appreciation for building businesses and creating value alongside management Headquartered in Los Angeles The Gores Group maintains offices in Greenwich CT and Boulder CO For more information please visit a referrerpolicyunsafeurl targetblank hrefhttpsctsbusinesswirecomctCTidsmartlinkampurlhttp3A2F2Fwwwgorescomampesheet51968602ampnewsitemid20190411005873amplanenUSampanchorwwwgorescomampindex6ampmd58b2771c1dcf43a9afdc9a799777e7092 relnofollowwwwgorescoma p p span classbwulinebAbout Court Square Capital Partnersbspan p p Court Square is a middle market private equity firm with one of the most experienced investment teams in the industry Since 1979 the team has completed 225 investments including several landmark transactions and has developed numerous businesses into leaders in their respective markets Court Square invests in companies that have compelling growth potential within the business services general industrial healthcare and technology and telecommunications sectors The firm has 62 billion of assets under management and is based in New York NY For more information on Court Square please visita referrerpolicyunsafeurl targetblank hrefhttpsctsbusinesswirecomctCTidsmartlinkampurlhttp3A2F2Fwwwcourtsquarecom2Fampesheet51968602ampnewsitemid20190411005873amplanenUSampanchorwwwcourtsquarecomampindex7ampmd5b6708a70090b83337205a0b2b6a78400 relnofollowwwwcourtsquarecoma p p classbwalignc p pimg referrerpolicyunsafeurl alt srchttpsctsbusinesswirecomctCTidbwnewsampsty20190411005873r1ampsidweb01ampdistronxamplangen stylewidth0height0span classbwct31415p

SOURCE: BUSINESS WIRE. ©2015 Business Wire


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