Lincoln International represents Century Technology Group in the combination of Data Strategy with Trace3, a portfolio company of H.I.G. Capital
Lincoln International LLC, a leading global mid-market investment bank, is pleased to announce that it has represented Century Technology Group, Inc. in the combination of its holding, Data Strategy, LLC (“DSI” or the “Company”), with Trace3, LLC, a portfolio company of H.I.G. Capital. The union creates a nationwide IT solutions provider of Cloud, Data Intelligence, Security, DevOps and Enterprise IT solutions. Terms of the transaction were not disclosed.
Based in Grand Rapids, Michigan, DSI is a leading technology solutions provider that specializes in integrating data center solutions in the mid-market and enterprise business segments. The Company utilizes technology from best-of-breed vendors, including Cisco, Dell EMC, HP, Microsoft and VMWare, to deliver complete solutions across mobility, collaboration, integration, inventory and managed services. DSI is a critical partner for the continuum of clients' technology infrastructure needs, and by leveraging distinct go-to-market strategies and deep engineering talent, the Company provides solutions that address rapid-response, transactional purchases as well as mission critical, consultative projects. The Company's relationship-driven outside sales model has coverage across a high-value geographic footprint across five states in the Midwest and Southeast U.S. This super-regional footprint is complemented by the Company's inside sales operation, which drives strong demand generation and offers nationwide coverage. Through its highly effective sales model, DSI serves over 5,000 mid-market and enterprise-level clients in a diverse range of end markets, including, but not limited to, financial services, healthcare, retail, education and government.
Keith Harrold, Chief Executive Officer of Century Technology Group, commented, “The Lincoln team brought strong execution expertise and deep industry knowledge and experience as a trusted business advisor to DSI. These differentiating capabilities, combined with their focus on the shareholders’ objectives, drove a great outcome for the Company’s shareholders, management team and employees. We are excited to see the business continue to achieve success through its combination with Trace3.”
Lincoln International acted as the exclusive financial advisor to Century Technology Group, working closely with the Century Technology Group shareholders and DSI management team throughout the transaction process. This included providing advisory expertise and managing the negotiation and due diligence phases of the transaction.
About Data Strategy
Data Strategy is a technology solutions provider that specializes in integrating data center solutions in the mid-market and enterprise business segments. Data Strategy helps organizations leverage technology to meet business goals with an unbiased approach to technology and workload placement. Along the way, Data Strategy addresses the foundational aspects of IT including Cloud, Data, Mobility and Security to ensure a customer’s business is more secure, more flexible and more productive. Data Strategy is known for its top-notch engineering talent and maintains partnerships with leading information technology manufacturers across the globe. The company is headquartered in Grand Rapids, Michigan and maintains offices in Atlanta, Cincinnati, Columbus, Detroit, Indianapolis, Louisville, and Lexington. Learn more at www.data-strategy.com.
As the Transformative IT Authority, Trace3 is the premier technology solutions provider for medium- and large-sized enterprise clients. Through elite engineering and dynamic innovation, Trace3 empowers executives and their organizations to keep pace within the IT/corporate landscape through the transformative power of technology. Founded in 2002, Trace3 has kept pace with the needs of IT leaders by providing them access to emerging technology from Silicon Valley and building end-to-end Cloud, Data Intelligence, Security, DevOps and Data Center solutions. Headquartered in Irvine, California, Trace3 has additional offices in the Bay Area, Los Angeles, San Diego, Boise, Salt Lake City, Denver, Phoenix and New Jersey. For more information, please refer to Trace3’s website at www.trace3.com.
About H.I.G. Capital
H.I.G. Capital is a leading global private equity and alternative assets investment firm with over $25 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, Mexico City, 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. 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. More information available at www.higcapital.com.
About Lincoln InternationalLincoln International specializes in merger and acquisition advisory services, debt advisory services, private capital raising and restructuring advice on mid-market transactions. Lincoln International also provides fairness opinions, valuations and joint ventures and partnering advisory services on a wide range of transaction sizes. With twenty offices in the Americas, Asia and Europe, Lincoln International has strong local knowledge and contacts in key global economies. The firm provides clients with senior-level attention, in-depth industry expertise and integrated resources. By being focused and independent, Lincoln International serves its clients without conflicts of interest.
More information about Lincoln International can be obtained at www.lincolninternational.com.