Millstein & Co has acquired Atlantix Global Systems, a reseller of reconfigured and refurbished IT and telecom equipment. The seller was Presidio, which is backed by Apollo Global Management. No financial terms were disclosed.
NORCROSS, Ga., Oct. 22, 2015 (GLOBE NEWSWIRE) — Atlantix Global Systems, a leading reseller of reconfigured and refurbished IT and telecom equipment, announced today that it has been acquired by an equity group led by Millstein & Co., a diversified investment management and financial services firm. Millstein Capital, the firm’s private equity business, focuses on control-oriented investments in the financial services, technology, industrial, consumer and technology-enabled business services sectors in the United States. The Millstein team has extensive experience owning and operating technology companies and services businesses similar to Atlantix. Atlantix was formerly a subsidiary of Presidio, a leading provider of professional and managed services for advanced IT solutions based in New York.
Atlantix has continued its success over the past year by expanding its strategic partnerships. Following a partnership established with Extreme Protocol Solutions as its security solutions partner, Atlantix received Erasure Verification by Kroll Ontrack. In addition, Atlantix has recently established major partnerships as an authorized reseller of Dell, NetApp, and VMWare. Atlantix was also recently added to Gartner’s Magic Quadrant report for IT Asset Disposition.
Michael Duran, a Partner at Millstein & Co., commented that, “We are very excited about being part of the Atlantix business going forward. Atlantix has grown into a leading specialized reseller in the IT marketplace under the leadership of Brian Glahn and his dedicated and skilled management team. We look forward to working with Brian and his team to further enhance Atlantix’s product and service capabilities.”
As part of the acquisition, Millstein partnered with Atlantix’s President and CEO, Brian Glahn. Simultaneous with the Millstein & Co. acquisition, Glahn has made an equity investment into the company and has become a minority shareholder.
“I am very pleased with what Atlantix has accomplished over the past few years. We have great employees and I am excited about the growth opportunities ahead of us,” said Glahn. “We believe that our partnership with Millstein & Co will build on the strength of the Atlantix business by increasing flexibility, maneuverability, and potential for increased scale.”
About Atlantix Global Systems
For 39 years, Atlantix Global has served its customers as one of the largest resellers of enterprise-class equipment in the world. Atlantix buys, sells, maintains, leases, consigns and trades just about every product line including Cisco, Sun, HP, IBM, Dell, storage equipment (including NetApp and EMC), Nortel and telecom equipment. Atlantix provides its customers with reliable IT expertise and 24 hour coverage through maintenance and support product offerings. Atlantix Global has achieved certifications for ISO 14001:2004 and ISO 9001:2008 for asset recovery, OHSAS 18001:2007 for safety and R2:2013 for electronics recycling. For more information, please visit http://www.atlantixglobal.com.
About Millstein & Co.
With offices in New York and Washington, D.C., Millstein & Co. is a diversified investment management and financial advisory services firm. Millstein Capital, the firm’s private equity group focuses on control-oriented investments in financial services, technology, industrial, consumer and technology-enabled business service sectors in North America. Integral to the private equity group’s investment approach is partnering with exceptional operating executives to help identify, validate and manage its portfolio investments. Millstein Capital has a diverse portfolio of investments that it actively manages.