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Two CI Capital Partners Portfolio Companies, A-T Solutions and American Residential Services, Complete New Acquisitions
NEW YORK - (BUSINESS WIRE) - CI Capital Partners LLC ("CI Capital" ), a New York-based private equity
firm, announced today that A-T Solutions, Inc., an industry-leading
anti- and counterterrorism professional services firm, and American
Residential Services L.L.C. (ARS), a provider of air conditioning,
heating, indoor air quality, plumbing, drain cleaning and sewer line
services across the United States, have each completed acquisitions.
Both A-T Solutions and ARS are investments of CI Capital Partners.
"Both the A-T Solutions and ARS transactions reflect CI Capital's
longtime strategy of partnering with high-caliber management teams in
growing businesses operating in large and fragmented markets," said
Frederick Iseman, Chairman and Chief Executive Officer of CI Capital.
"We are able to help these businesses evolve to the next level,
providing them with the benefits of being part of a larger organization."
"Our role is to work with management teams to plan and implement
strategies that position companies for growth," said Steven Lefkowitz,
President of CI Capital. "Both the A-T Solutions and ARS management
teams have done an excellent job of managing growth while continuing to
deliver products and services of the highest quality to their clients."
A-T Solutions Acquires Trancite Logic Systems
A-T Solutions Inc., based in Fredericksburg, Va., acquired Trancite
Logic Systems, an information technology company based in Boise, Idaho,
that specializes in anti-terrorism technology solutions for federal,
state and local law enforcement organizations. The transaction is the
second acquisition A-T Solutions has made within the past four months.
"Our first investment in the government services space, Anteon
International, was successful because Anteon quickly became recognized
as a leading provider of government technology services," said Joost
Thesseling, a Principal at CI Capital. "We are delighted to support A-T
Solutions as it continues to enhance its leadership position and expand
its global security solutions offerings."
"We're very excited to secure a long-term, strategic business alignment
with our key partner of the last five years," said Ken Falke, A-T
Solutions CEO. "Trancite's team has repeatedly demonstrated superior
performance and delivered industry-leading technology solutions to the
DoD, DHS and law enforcement marketplace."
Trancite Logic Systems will be integrated into the Technology Solutions
business unit within A-T Solutions. Together, the companies will be able
to provide customers with a complete and comprehensive suite of
cutting-edge and relevant IT products and services as part of the
combined organization's global security solutions. Trancite Logic
Systems CEO Joshua Evarts will take on a new position as A-T Solutions'
first chief innovation officer, responsible for driving innovation
throughout company systems and services.
In June, A-T Solutions acquired Accelligence LLC, a Vienna, Va.-based
firm providing intelligence and mission-focused solutions to
organizations within the U.S. government and intelligence community.
American Residential Services Acquires Efficient Attic Systems
American Residential Services L.L.C. (ARS), a nationwide provider of air
conditioning, heating and plumbing services operating under the ARS and
Rescue Rooter brands, has acquired Dallas-based Efficient Attic Systems
(EAS), an energy-efficiency solutions provider offering blown-in
insulation, attic ventilation and high-tech radiant barrier services.
The transaction marks ARS' fourteenth acquisition and first service line
expansion.
"ARS has made remarkable progress in implementing its strategy of growth
through acquisitions in the fragmented home services sector," said
Thomas Ritchie, a Principal at CI Capital. "By providing what are often
smaller, local businesses with membership in a growing, national
network, ARS provides these businesses with the benefits of shared
services such as volume purchasing, enhanced employee compensation
programs and access to new product and service offerings. We are very
pleased to continue to support ARS as it continues its successful
expansion."
"An important part of the HVAC business involves improving energy
efficiency in the home," said Dave Slott, ARS/Rescue Rooter president
and chief operating officer. "The sales and service of energy-efficient
products is a growing focus of our business, as customers are very
concerned with lowering their energy bills." Slott added, "EAS is a
leading-edge business with outstanding customer service, and we are
excited to be aligned with their operation."
EAS is best known for its Energy Efficient Attic program, which is
designed to save consumers up to 30 percent on their energy bills. The
Energy Efficient Attic program integrates three proven energy-saving
techniques (proper attic insulation, balanced attic ventilation and
spray-on radiant barrier) into a single solution.
EAS was founded in 2002 and has grown rapidly, professionally
retrofitting homes in five markets: Dallas, Austin, Houston, San Antonio
and Phoenix. ARS/Rescue Rooter intends to expand the Energy Efficient
Attic program through its existing business locations across the country.
About A-T Solutions, Inc.
A-T Solutions, Inc., is the industry's leading anti- and
counterterrorism and intelligence professional services firm. The
company provides outstanding support in intelligence, global security,
training solutions, technology solutions, and logistics and mission
support. Clients include the DoD, DOS, DHS, DOJ, the intelligence
community and the private sector. A-T Solutions employs approximately
400 professionals and has offices in Fredericksburg, Vienna and Virginia
Beach, Va.; San Diego, Calif.; Orlando and Niceville, Fla.; and
Anacortes, Wash. In May 2009, A-T Solutions completed the acquisition of
Accelligence LLC, a provider of operational, technical, analytical,
instructional and commercial operational support to the intelligence
community.
A-T Solutions is part of CoVant Technologies LLC, the McLean-based
federal technology group owned by its management team, and by CI Capital
Partners LLC. For more information, please visit www.a-tsolutions.com.
About ARS/Rescue Rooter
ARS and Rescue Rooter are leading brands of American Residential
Services L.L.C., providing air conditioning, heating, indoor air
quality, plumbing, drain cleaning and sewer line services across the
United States. Based in Memphis, Tenn., American Residential Services
L.L.C. has approximately 4,000 employees.
ARS/Rescue Rooter operates a network of more than 60 company operated,
locally managed service locations spanning 24 states and the District of
Columbia. United by exceptional service, the ARS/Rescue Rooter Network
serves both residential and light commercial customers through a
knowledgeable team of trained specialists. Providing elevated service
and ensuring the highest standards of quality, ARS/Rescue Rooter has the
experience to do any job right - the first time.
American Residential Services L.L.C. is owned by investors including CI
Capital Partners LLC and management. For more information about
ARS/Rescue Rooter, visit www.ARS.com.
About CI Capital Partners LLC
CI Capital Partners LLC is a New York-based private equity firm. Current
CI Capital Partners portfolio companies include American Residential
Services, a leading provider of HVAC and plumbing services; Prodigy
Health Group, a rapidly expanding health care services company; Ply Gem
Industries, one of the largest North American manufacturers of
residential siding and windows; KIK Custom Products, the largest North
American contract manufacturer of branded and retailer-branded consumer
products; Conney Safety Products, a full-service distributor of safety
products; and CoVant Technologies, a government services company led by
the former executives and board of directors of Anteon Corporation.
For CI Capital Partners:
Kekst and Company
David Lilly,
212-521-4800
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