Mill Point Capital, a private equity firm focused on control-oriented investments in IT services, business services and industrial companies throughout North America, today announced the sale of Atlantix Global Systems LLC, a leading reseller of reconfigured and refurbished IT and telecom equipment. Details of the transaction were not disclosed.
"We are very proud of what we accomplished together with Brian Glahn and the Atlantix management team during our stewardship," said Michael Duran, Managing Partner of Mill Point Capital. "Since the carveout of Atlantix from Presidio Inc. in 2015, the Atlantix team has been able to grow the company into a standalone industry leader in the IT Asset Disposition ("ITAD") sector, while maintaining the company's legacy as a leading reseller of pre-owned hardware and related services."
Said Kevin Cramton, Chairman of Atlantix, "Brian and his team have done a tremendous job executing upon our strategic plan, especially in positioning the company as a true market leader in ITAD for world-class customers, and we are confident they will continue that success with CXtec."
Brian Glahn, CEO of Atlantix and a 20-year industry veteran, commented, "We are thankful for our partnership with Mill Point Capital, and we look forward to continuing the growth trajectory we have established during Mill Point's ownership. The entire Atlantix team is more excited than ever about our future potential."
For more than 40 years, Atlantix Global has served its customers as one of the largest resellers of enterprise-class, secondary market equipment in the world. Atlantix provides its customers with reliable IT expertise and 24-hour coverage through maintenance and support product offerings. Atlantix Global has achieved certifications for ISO 14001:2004 and ISO 9001:2008 for asset recovery, OHSAS 18001:2007 for safety and R2:2013 for electronics recycling. For more information, please visit www.atlantixglobal.com.
Mill Point Capital is a middle-market private equity firm focused on control-oriented investments in the business services and industrial sectors. The firm works with executive partners to leverage its investment professionals' experience while providing strategic and operational guidance to drive long-term value creation in its portfolio companies. Mill Point is based in New York, NY. For more information, please visit www.millpoint.com.