Tower Arch Capital has recapitalized Chantilly, Virginia-based Corbett Technology Solutions Inc, a provider of high-impact communications solutions in the Mid-Atlantic region. No financial terms were disclosed.
SALT LAKE CITY, Nov. 29, 2016 /PRNewswire/ — Tower Arch Capital is pleased to announce that it has recapitalized Corbett Technology Solutions, Inc. (“CTSI”, or the “Company”) in partnership with its management team. Headquartered in Chantilly, VA, CTSI is a leading integrator of high-impact communications solutions throughout the Mid-Atlantic region. CTSI designs, installs, and maintains complex audiovisual, sound, safety, healthcare, and education communications technology solutions for clients across multiple end-markets, including corporate, government, healthcare, education, senior living, multi-family residential, and houses of worship.
Founder and President Chris Corbett said, “CTSI has a long legacy of success in the Mid-Atlantic, and I am proud of what our team here has been able to achieve since our founding forty-seven years ago. For our customers, vendors, and employees, I am excited to partner with Tower Arch Capital to continue to grow CTSI within and beyond our current region.”
David Topham, Partner at Tower Arch Capital, commented, “We are excited to build on CTSI’s strong foundation and look forward to expanding their reputation as the provider of choice for complex audiovisual and communications solutions.” Ryan Stratton, another Tower Arch Partner, added, “Chris has assembled a world-class management team at CTSI, and we are very pleased to work with Gino Ruta, John Farabaugh, and the rest of the team as communication and collaboration continue to become increased areas of focus for companies across every industry.”
About Corbett Technology Solutions, Inc.
CTSI provides high-impact communications solutions that enable people to consolidate information and collaborate effectively. CTSI designs, installs, and implements customized turnkey solutions using innovative, high-performance technologies, and CTSI’s dedicated professionals provide complete customer care. From boardrooms and hospitals to classrooms and command centers, CTSI’s solutions engage, inspire, and deliver.
About Tower Arch Capital
Headquartered in Salt Lake City, UT, Tower Arch Capital is a lower-middle market private equity fund. They focus on partnering with and growing high-quality family and entrepreneur-owned companies to deliver extraordinary returns for their management teams and investors. Tower Arch brings operational, consulting, and financial expertise to small companies to give them the tools they need to achieve their full potential. Tower Arch creates value in a range of industries and works with companies across the United States. Target investments include control positions in entrepreneur and family-owned businesses with revenue between $20 million and $150 million or EBITDA between $5 million and $25 million.