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Rotunda Capital sells Primary Integration Solutions

Rotunda Capital Partners has sold Primary Integration Solutions Inc to Bureau Veritas. No financial terms were disclosed. Lincoln International LLC served as financial adviser to PI and Rotunda Capital on the deal. PI is a provider of commissioning and operational consulting services for data centers and other mission critical environments.


BETHESDA, Md., November 3, 2017 – Rotunda Capital Partners, LLC (Rotunda Capital), a middle-market private equity firm, announced today that it has completed the sale of its portfolio company, Primary Integration Solutions, Inc. (“PI” or the “Company’), to Bureau Veritas, a world leader in laboratory testing, inspection and certification services. PI is the largest specialist provider of commissioning and operational consulting services for data centers and other mission critical environments.

In 2012, Rotunda Capital partnered with PI’s management team to recapitalize the company. Soon after, PI refined its business model to focus on mitigating infrastructure risk for complex data center builds, fueling the rapid growth of the business during Rotunda’s ownership. PI’s commissioning process ensures that new or existing mission critical facilities operate at peak performance and confirms that systems are designed, installed and maintained successfully over time. PI’s services are critical in preventing costly system malfunctions and downtime.

“The team at PI executed on a vision to create a one-of-kind platform in the market,” remarked John Fruehwirth, Managing Partner at Rotunda Capital. “PI’s role as trusted technical advisor to a blue-chip customer base is reflective of the Company’s track record of delivering consistent and reliable results in the most complex and critical data center environments.”

During Rotunda’s Capital’s five-year involvement with the Company, Primary Integration more than doubled sales and tripled its EBITDA by expanding the client base, opening offices around the US, Canada and Ireland. The Company scaled internationally, completing projects in over 35 countries, and also expanded its service line, developing operational risk management and quality control solution capabilities.

“We appreciate the support of Rotunda Capital through this step of our growth”, said Shawn Till, CEO of Primary Integration. “We are proud of our success to date and believe our new partnership with Bureau Veritas positions the Company for continued success in the future.”

Lincoln International LLC (“Lincoln”), a leading global mid-market investment bank, acted as exclusive financial advisor to Primary Integration and Rotunda Capital. Michael J. Iannelli and Saurin Mehta led the Lincoln team.

About Rotunda Capital Partners
Rotunda Capital Partners is a private equity firm that invests equity capital in established and profitable lower middle market companies. As an independent deal sponsor, Rotunda Capital raises and invests the capital of its principals, institutions, family offices and high net worth individuals on a deal-by-deal basis. The firm uses a rigorous approach to identify market-leading companies with identifiable growth opportunities and capable management teams in targeted sectors, including distribution, logistics, financial services, and business services.

Rotunda Capital partners with industry leading operating executives to grow each portfolio company. Since 2009, Rotunda Capital has completed 10 platform investments and realized four exits. The partners of Rotunda Capital actively provide guidance and draw on deep industry and financial relationships to contribute to the successful execution of Rotunda’s companies’ strategic plans. For more information, visit