Custom Computer Specialists, a leading IT services provider, has received a strategic investment from Columbia River Partners, a lower middle-market private equity firm focused on control-oriented investments in the business services, industrials and IT services sectors in North America. Financial terms of the deal were not disclosed.
Custom Computer Specialists was represented by martinwolf, a leading M&A advisory firm serving the middle-market IT industry. This marks the firm’s 24th transaction in the past 14 months.
Headquartered in Hauppauge, NY, with offices in Rhode Island and New Jersey, Custom Computer Specialists will use the new capital and partnership to expand its technology offerings and services to the education, healthcare and commercial markets in the Northeast. More specifically, this partnership allows Custom Computer Specialists to take advantage of the expanding Chromebook market through CRP’s relationship with CTL, a custom designer and distributor of Chromebooks in the K12 marketplace.
Quotes
“The pandemic has changed the dynamic in today’s schools, challenging the way our K12 students learn and are taught. The decision to partner with CRP is one that myself and my leadership team feel will provide us with the resources and expertise necessary to expand our staff to go deeper and wider with our offerings in K12.”
Gregory Galdi, President and CEO of Custom Computer Specialists
“Under Greg’s leadership Custom grew to become a market leader in providing and designing technology solutions and services to the education, healthcare and commercial markets in the Northeast. We look forward to partnering with Greg and the Custom team to build on that foundation and execute on opportunities, such as new product endpoints in the K12 space.”
Pooneet Goel, Partner at Columbia River Partners
About martinwolf:
Headquartered in Scottsdale, Arizona, with an office in Cleveland, martinwolf is a leading M&A Advisory focused on middle market companies in the IT Services and Supply Chain, Managed Services, Security and Software sectors. Since 1997, martinwolf has completed nearly 200 transactions in more than 20 countries and sold eight divisions of Fortune 500 companies. In 2021, the firm acquired IT ExchangeNet, a leader in smaller mid-market (sub $25M) transactions
Source : https://www.newswire.com/news/martinwolf-represented-custom-computer-specialists-in-strategic-21627803
