Dallas-based private equity firm glendonTodd Capital has acquired Texas-based Aztec Systems, a provider of enterprise managed services and technology. Terms of the deal were not disclosed.
PRESS RELEASE
glendonTodd Capital LLC (“glendonTodd”), a Dallas-based private equity firm, announced today that it has acquired Aztec Systems, Inc., a leading provider of enterprise technology solutions to hundreds of U.S. middle-market companies. Terms of the transaction were not disclosed.
As one of the largest providers of managed services in the Southwest, Aztec’s approach focuses on four core practice areas — Microsoft Business Solutions, Data Center Solutions, Infrastructure Solutions and Software Development. Recently ranked 27th in revenue on Bob Scott’s 2012 Top 100 VARS list, Aztec Systems, Inc. (“Aztec” or “the Company”) is in its 20th year of providing high-impact business solutions to over 700 middle-market clients across the south-central region of the United States.
Aztec’s mission is to help clients achieve maximum velocity through the strategic application of world-class technology solutions and hosting of mission critical applications. The Company continuously strives to bring innovative ideas to customers to help them realize maximum return from their IT investments.
Todd Furniss, Managing Partner of glendonTodd said, “Aztec fits perfectly with our philosophy of seeking investment opportunities in the technology space that fit with our deep operational experience. Aztec’s leadership of Andrew Levi and Chris Burleson has developed a solid operational foundation and strategic vision that will remain core drivers of Aztec’s continued growth. With the Company’s unique ability to serve middle-market companies in a rapidly growing technology sector, we plan to execute on our collective vision to drive long term growth and shareholder value creation.”
About glendonTodd Capital LLC
Based in Dallas, Texas, glendonTodd Capital LLC is a private equity firm that focuses on companies in the technology-enabled business services and financial services sectors and mixed-use, healthcare real estate projects. The firm makes investments in industries and geographies where their principles have significant operating experience, including direct P&L responsibility, strategic decision making, deployment of expansion dollars, and resolution of operating issues. With a global orientation and strong operational background, the firm holds true the belief that investments led by people who have experience in the industries in which they are investing makes a material difference in the quality of the investment outcome. For more information please visit www.glendontodd.com .
About Aztec Systems, Inc.
Aztec Systems, Inc. is an IT outsourcing and business services provider to middle-market companies located across the south-central region of the United States. The Company has achieved the highest standards in its industry and has received accreditation as a Microsoft(R) Gold Partner. The Company maintains a home office in Carrollton (TX), with branch offices in Austin (TX), Tulsa (OK), Oklahoma City (OK), and San Jose, Costa Rica.
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