Daily News logo Newsletter logo   Search News    

The March Group: PAG Capital, LLC Makes Majority Equity Investment in Corporate Technology Solutions, LLC

  Share This Story

CORAL SPRINGS, Fla. - (BUSINESS WIRE) - The March Group, a leading, private mergers and acquisitions advisory firm specializing in the sale of middle-market businesses, announced today that PAG Capital Partners, LLC, a private equity firm, has taken a majority stake in Corporate Technology Solutions, LLC (CTS), a client of The March Group.

"It was extremely satisfying to complete a transaction that was clearly a win-win for the buyer and seller," said The March Group's Vice President of Capital Markets Mike Meredith, who arranged the transaction. "PAG has taken a majority stake in a company that has been able to expand revenue and EBITDA in a difficult economic environment and has excellent prospects for continued growth in the future."

In conjunction with the transaction, Wes Dearbaugh joined CTS as Chairman and Chief Executive Officer. Mr. Dearbaugh, a PAG Operating Partner and formerly president and chief operating officer of several private and public companies, has over 30 years of experience leading and growing companies. Brian Rhynas and Scott Tubbs will remain in their current roles.

"We wanted to move to the next level in developing the business, and by arranging this deal, The March Group helped us make that move," stated Brian Rhynas, President of CTS, said. "We're very excited about our partnership with PAG and the opportunity to have an executive of Wes Dearbaugh's caliber join our team. The addition of Wes as CEO together with PAG's financial and operating support will enable CTS to capitalize on the many organic growth and acquisition opportunities that are available in our region."

Stephen Sleigh, Partner at PAG, said, "Our investment in CTS is consistent with PAG's objectives of identifying middle-market companies with untapped potential and supporting them with additional management and financial resources. Brian Rhynas and Scott Tubbs have built an excellent company, and we are looking forward to working with them to continue CTS' reputation of excellent customer service and best-in-class installation services and to expand its geographic footprint."

Alex Fridman, Partner at PAG, said, "The March Group was instrumental in introducing the deal to us and served as an effective intermediary in our deal negotiations."

PAG is a Chicago-based private equity firm specializing in private equity investments and recapitalizations of lower middle-market companies in partnership with management. For additional information about PAG, please refer to the firm's Web site at www.pagcapital.com.

Established in 1998 and headquartered in Tempe, Arizona, CTS has grown to become a leading provider of low-voltage structured cabling installation services in Arizona. CTS achieved record performance in 2008 and has continued that success in 2009 by focusing on providing high-quality design and installation services to its customers and partnering with leading integrated cabling manufacturers and suppliers to deliver the best solutions to its customers. For additional information about CTS, please visit the Company's website at www.ctscabling.com.

About The March Group

The March Group is a mergers and acquisitions advisory firm dedicated to the middle market. Founded in 1986, The March Group is headquartered in North America. The company employs over 200 professionals and has built a dynamic network of business relationships with buyers and investors worldwide. The March Group specializes in valuation, corporate finance, strategic growth, marketing, and the negotiation and sale of privately held, middle-market businesses.

For more information about The March Group, please visit the following:

www.MarchGroup.com

www.Corporations4Sale.com

www.facebook.com/TheMarchGroup

www.Twitter.com/TheMarchGroup

Photos/Multimedia Gallery Available: http://www.businesswire.com/cgi-bin/mmg.cgi?eid=6074463&lang=en

The March Group
Kelli Matonak, Corporate Marketing Director, 954-282-3336
kmatonak@marchgroup.com



 
Support Wikipedia

NeswBlaze top writers

Find more stories recommended by Stumbleupon.

newsletter logo

What's Hot?
1 .Supermodel Bar Refaeli Adorns the Cover of the 2009 Sports Illustrated Swimsuit Issue on Newsstands Today! - 92
2 .Go Social Film Magazine Partners with the San Jose Short Film Festival to Stream Official Selections Online to a Global Audience via iPad - 29
3 .Africa Oil Operations Update - 23
4 .WeDoRecover Expands Drug and Alcohol Treatment Centre Network with a New Partner Rehab Centre in Durban, South Africa That Will Focus on Upmarket South African and UK, English Patients - 21
5 .Photos: Valkyrie MEDEVAC - 22
6 .F-Secure Protection Service for Business Now Protects Mobile Devices Too - 18
7 ."K-1 Rising 2012 - K-1 World Max Final 16 2012" Announces May 27 Pay-Per-View Ustream Channel - 16
8 .Oprah Winfrey Come Out of The Closet! Admit You're a Lesbian! - 12
9 .These 10 Comfortable Walking Shoes Are a Step in the Right Direction - 13
10 .Waterless 'Air Cooler PLUS' Beats Summer's Heat Without Making Your Home Muggy - 14
Updated: 11:15 PDT     1979

NewsBlaze Editors

editors

NewsBlaze Writers

news writer images

Writers Wanted

Help NewsBlaze provide daily news, including top stories, Home and Garden, Technology, The Environment and more. NewsBlaze Writer

Follow NewsBlaze

NewsBlaze Social Media Logos NewsBlaze Facebook NewsBlaze LinkedIn NewsBlaze Twitter NewsBlaze YouTube NewsBlaze MySpace NewsBlaze Fan Page NewsBlaze StumbleUpon NewsBlaze Political Cartoons NewsBlaze Editorial Cartoons
NewsBlaze 
Copyright © 2004-2012 NewsBlaze LLC
Use of this website is subject to our Terms of Service and Privacy Policy  | DMCA Notice |         Press Room