Staple Street Capital said Nov. 6 that an affiliate acquired Cyberlink ASP Technology Inc. Financial terms weren’t announced. Cyberlink, of Dallas, is a managed IT services firm providing cloud, managed application, network, storage, desktop and security services.
Staple Street Capital Acquires Cyberlink
November 06, 2019 07:00 AM Eastern Standard Time
DALLAS & NEW YORK–(BUSINESS WIRE)–An affiliate of Staple Street Capital (“Staple Street”), a middle market private equity firm, announced its acquisition of Cyberlink ASP Technology, Inc. (“Cyberlink” or the “Company”), a leading managed IT services provider.
Headquartered in Dallas, TX, Cyberlink provides a robust suite of managed IT services that allow enterprise customers to simplify their technology infrastructure, seamlessly scale operations and improve their IT responsiveness. The Company’s value proposition and high service levels have resulted in a long-tenured, diversified customer base spanning more than 800 customers across more than 10 end markets. With a presence in 46 states, Cyberlink’s flexible, cloud-agnostic delivery model enables the Company to efficiently serve customers across the U.S.
Cyberlink’s Founder and CEO, Christopher Lantrip, said “We are excited to partner with Staple Street on the next phase of growth for Cyberlink. This new partnership will provide additional resources and support to help us continue to expand our service capabilities for new and existing clients.”
The partners from Staple Street Capital said “Cyberlink is a highly attractive platform opportunity given the Company’s established market position, entrenched customer relationships and seasoned management team. We look forward to partnering with Chris and the entire Cyberlink team to build upon this foundation to support continued growth.”
Staple Street was advised by McDermott Will & Emery LLP. Cyberlink was advised by Focus Strategies Investment Banking and Jones & Spross, PLLC.
Founded in 1999, Cyberlink is a Dallas-based managed IT services firm providing cloud, managed application, network, storage, desktop and security services on a 24×7 basis to customers across the U.S. Cyberlink serves clients in a range of industries, including healthcare, financial services, legal, logistics and other end markets. For more information, visit www.cyberlinkasp.com.
Staple Street Capital
Staple Street Capital is a private investment firm that invests in market-leading businesses where it provides strategic oversight, financial resources and access to a network of world-class operating executives to help its portfolio companies reach their full potential. Staple Street Capital is currently investing out of a $265 million private equity fund where it typically seeks to invest $20 million – $75 million of equity per transaction to support initial platform investments and accretive follow-on acquisitions. For more information, visit www.staplestreetcapital.com.