Grey Mountain Partners, a Boulder, Colo.-based private equity firm, has acquired a majority interest in Norcross, Ga.-based Stratix Corp., which sells mobile software and services. Terms of the deal were not disclosed.
Grey Mountain Partners (“Grey Mountain”) has acquired a majority interest in Stratix Corporation (“Stratix”). Headquartered in Norcross, Georgia, Stratix Corporation provides enterprise mobile software and service solutions by designing, developing, delivering and managing its customers’ mobile IT systems and assets.
Jeff Vincent, Managing Director of Grey Mountain, said, “Stratix has established stable, long-term customer relationships while developing a leading position as a scale player in the fast growing and highly fragmented mobile enterprise industry. We look forward to working with the outstanding Stratix Management team, who has been the cornerstone to the company’s organic growth and expansion of mobile software and service solution offerings. Together we will continue building upon the Stratix reputation of excellent customer service and best in class technical expertise. We see a solid opportunity to expand the Stratix solution offerings and geographical reach.”
“We are very excited to have Grey Mountain as our new partner,” said Gina Gallo, Chief Executive Officer and President of Stratix. “We are well positioned to take our business to the next level and become the industry enterprise leader with a model that can scale and reach critical mass for the mobile marketplace.”
About Stratix Corporation
Stratix is a leading provider of enterprise mobile software and service solutions. From architecting highly configurable rules-based Stratix Mobile software solutions to managing an entire company’s mobile assets, Stratix delivers results in operational efficiency and improved customer service. Many of the world’s Fortune 1000 companies operating in retail, transportation & logistics, and field service partner with Stratix for mobile consulting, design, deployment and support of integrated end-to-end mission critical mobile solutions.
About Grey Mountain Partners
Grey Mountain Partners is a Boulder, CO-based private equity firm that focuses on partnering with management to create lasting value through operational improvements. GMP invests in lower middle-market companies across a wide range of industries and in transactions with enterprise values between $30 million and $150 million. For more information, please visit www.greymountain.com.