DLT Solutions, a Herndon, Va.-based reseller of IT products and services to public and private sector clients, has raised an undisclosed amount of private equity funding from TZP Group.
DLT Solutions, a value-added reseller of industry-leading information technology (IT) products and services, announced today that it has taken on a new investor: TZP Capital Partners I, a private equity fund focused on investments in U.S.-based middle market business and consumer services companies.
Recently, DLT has been recognized for the success of its strategic business model, financial performance, corporate social responsibility and leadership with multiple awards from prestigious industry groups and publications including Inc. Magazine 5000, Ernst & Young, HRLA of Greater Washington, Everything Channel and SmartCEO Magazine.
“DLT has demonstrated its ability to succeed in the competitive public sector technology marketplace. We are convinced that growing digitization across government agencies, increasing adoption of information technology, enhanced focus on cyber security, and archiving of data are very bullish trends in the primary market served by DLT,” said TZP’s Managing Partner, Samuel L. Katz. “We are eager to assist DLT’s management in continuing their impressive performance, well into the future.”
“DLT’s success over the past five years has been excellent and our prospects within the public sector market have never been better,” said Rick Marcotte, president and CEO, DLT Solutions. “We plan to continue to aggressively pursue our strategy to provide top-notch technical services, sales, marketing, and procurement efficiency to our public sector customers and our vendor partners. These customers and vendor partners will see no changes other than the greater resources DLT will now have to support its growth.”
In the past two years, DLT Solutions has experienced record organic sales growth, generated unprecedented numbers of marketing leads for its vendor partners, launched a new Geospatial Data Systems division, and expanded its DLT Service Center, which provides customers with vendor-certified, U.S.-based, 24×7 call center technical support throughout the lifecycle of data management hardware and software deployment and operation.
Marcotte added, “Backed by the experience and investment of TZP, I am convinced that the best days for DLT are ahead of us, and we will have the additional muscle and horsepower necessary to accelerate the execution of our future growth initiatives.”
About DLT Solutions
Founded in 1991, DLT Solutions delivers best-of-class technology solutions to federal, state and municipal governments and businesses from its headquarters in Herndon, Va. To achieve that mission, DLT has tightly integrated itself with some of the most prominent IT software and hardware manufacturers in the world including Autodesk, Google, NetApp, Oracle, Quest Software, Red Hat and Symantec, among others. With its product portfolio, multiple procurement vehicles and award-winning track record, DLT confidently supports public sector clients in the technology implementation required to achieve their agency missions. For more
information or to place an order, contact DLT Solutions at 800-262-4358; email firstname.lastname@example.org; or visit www.dlt.com.
About TZP Group
Founded in 2007, TZP Group LLC is a private equity firm focused on investments in U.S.-based business and consumer services companies with enterprise values generally up to $200 million. TZP targets companies with solid historical profitability and sustainable value propositions, and aims to be a “partner of choice” for business owners and management teams. TZP seeks to invest primarily in closely held, private companies where the owners desire to retain a significant stake and partner with an investor with complementary operating and financial skills to accelerate company growth, increase profitability and maximize the value of their retained stake. TZP leverages its investment professionals’ operating and transaction experience to
provide strategic and operational guidance, which leads to long-term value creation. TZP is focused on business and consumer services verticals where the firm’s investment professionals have significant operating and transaction experience. For more information, please visit www.tzpgroup.com.