SAN FRANCISCO, Jan. 4, 2022 /PRNewswire/ -- H.I.G. Capital
("H.I.G."), a leading global alternative investment firm with
$45 billion of equity capital under
management, is pleased to announce that an affiliate completed a
growth investment in General Datatech ("GDT" or the "Company"), a
leading IT solutions provider ("ITSP") in the second half of
2021.
Headquartered in Dallas, TX,
GDT is a leading multi-vendor IT solutions provider ("ITSP") with a
services-driven approach serving blue chip enterprises and
government agencies across the globe. Founded in 1996, the Company
offers its customers comprehensive solutions, including
professional services, managed services, and the design,
architecture and resale of OEM hardware, software, and maintenance.
"I am extremely excited to welcome H.I.G. as an investment
partner for GDT. I have spent several years vetting H.I.G. as a
partner and believe that they bring the necessary capital and
insights required to shepherd GDT into a new chapter of growth,"
said JW Roberts, founder and chairman of GDT.
"H.I.G. knows this industry incredibly well," commented
Tom Ducatelli, CEO of GDT. "And with
this partnership we look forward to bringing more capabilities to
our customers, while maintaining our reputation as a
high-performance, growth-oriented IT solutions provider."
Kevin Van Culin, Managing
Director at H.I.G., commented, "We are thrilled to be partnering
with JW and Tom to help continue GDT's market-leading growth story.
We share management's vision for a strong company culture that is
centered on best-in-class technologies and service delivery
excellence for its customers."
Aaron Tolson, Managing Director
at H.I.G., commented, "We have been impressed by GDT's
differentiated go-to-market strategy and high value-add
professional and managed services, which we expect will continue to
drive above-market growth for the Company."
Barclays Capital Inc. acted as financial advisor and Kirkland
& Ellis LLP served as legal advisor to H.I.G. CDX Advisors
acted as a financial advisor and Sidley Austin LLP served as legal
advisor to GDT.
About General Datatech
Headquartered in Dallas, TX, GDT is a leading multi-vendor IT
solutions provider ("ITSP") with a services-driven approach serving
blue chip enterprises and government agencies across the globe.
Founded in 1996, the Company offers its customers comprehensive
solutions, including professional services, managed services, and
the design, architecture and resale of OEM hardware, software, and
maintenance. For more information, visit www.GDT.com.
About H.I.G. Capital
H.I.G. is a leading alternative
assets investment firm with $45
billion of equity capital under management.* Based in
Miami, and with offices in
New York, Boston, Chicago, Dallas, Los
Angeles, San Francisco, and
Atlanta in the U.S., as well as
international affiliate offices in London, Hamburg, Madrid, Milan, Paris,
Bogotá, Rio de Janeiro and São
Paulo, H.I.G. specializes in providing both debt and equity capital
to small and mid-sized companies, utilizing a flexible and
operationally focused / value-added approach:
- H.I.G.'s equity funds invest in management buyouts,
recapitalizations and corporate carve-outs of both profitable as
well as underperforming manufacturing and service
businesses.
- H.I.G.'s debt funds invest in senior, unitranche and junior
debt financing to companies across the size spectrum, both on a
primary (direct origination) basis, as well as in the secondary
markets. H.I.G. is also a leading CLO manager, through its
WhiteHorse family of vehicles, and manages a publicly traded BDC,
WhiteHorse Finance.
- H.I.G.'s real estate funds invest in value-added properties,
which can benefit from improved asset management practices.
Since its founding in 1993, H.I.G. has invested in and managed
more than 300 companies worldwide. The firm's current portfolio
includes more than 100 companies with combined sales in excess of
$30 billion. For more information,
please refer to the H.I.G. website at www.higcapital.com.
H.I.G. Capital
One Sansome Street
37th Floor
San Francisco, CA 94104
P 415.439.5500
F 415.439.4165
www.higcapital.com
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SOURCE GDT