NEW YORK & CLAREMONT, N.H. & CHANTILLY, Va.–(BUSINESS WIRE)–Cerberus Capital Administration, L.P. (“Cerberus”), a world chief in different investing, as we speak introduced that certainly one of its associates has acquired a majority stake in Pink River Expertise (“Pink River” or the “Firm”) from a bunch together with the Firm’s founding shareholders and Acacia Companions.
Pink River is a number one supplier of know-how options and managed companies with mission-critical experience in safety, networking, knowledge middle, collaboration, mobility and cloud functions. For greater than 25 years, the Firm has been a trusted accomplice to federal authorities businesses, state and native authorities and training (“SLED”) clients, and industrial companies. In partnership with Cerberus, Pink River will be capable to construct on its market-leading platform by continued investments in its capabilities and strategic acquisitions.
Sure Pink River shareholders will retain a minority fairness stake within the enterprise, and Co-Founder Rick Bolduc will proceed to function a member of the Board of Administrators. Alan Dumas, Pink River’s Chief Govt Officer, will proceed to guide the Firm and its operations, alongside the present administration crew, and can be part of the Board.
“The assist of a world-class accomplice like Cerberus is a mirrored image of Pink River’s trade management and an endorsement for our potential,” stated Alan Dumas, Chief Govt Officer of Pink River. “Along with Cerberus, we can spend money on increasing our capabilities, additional drive operational excellence, and pursue strategic acquisitions to higher serve our clients. We’re assured that this partnership will launch an thrilling subsequent chapter of development for Pink River and our crew members.”
Michael Sanford, Senior Managing Director at Cerberus, commented: “Digital transformation and modernization are essential to the success of presidency businesses and companies. Pink River is a trusted accomplice that’s well-positioned to satisfy the rising demand for built-in know-how options and companies. We stay up for working alongside Pink River’s gifted crew to additional scale its market-leading platform by strategic initiatives and investments.”
Patrick Moriarty, Managing Director at Cerberus, added, “Past its dedication to clients, we have now been extraordinarily impressed with Pink River’s dedication to its communities. We’re excited to assist their efforts as they proceed to make a optimistic and lasting affect on college students, veterans, and communities in want.”
Kirkland & Ellis served as authorized advisor and Wells Fargo Securities, LLC served as unique monetary advisor to Cerberus. Holland & Knight LLP served as authorized advisor and Guggenheim Securities, LLC served as monetary advisor to Pink River.
Based in 1992, Cerberus is a world chief in different investing with over $55 billion in property throughout complementary credit score, personal fairness, and actual property methods. We make investments throughout the capital construction the place our built-in funding platforms and proprietary working capabilities create an edge to enhance efficiency and drive long-term worth. Our tenured groups have expertise working collaboratively throughout asset courses, sectors, and geographies to hunt robust risk-adjusted returns for our traders. For extra details about our individuals and platforms, go to us at www.cerberus.com.
About Pink River Expertise
Pink River brings collectively the best mixture of expertise, companions and merchandise to disrupt the established order in know-how and drive success for enterprise and authorities in methods beforehand unattainable. Pink River serves organizations nicely past conventional know-how integration, bringing 25 years of expertise and mission-critical experience in safety, networking, knowledge middle, collaboration, mobility and cloud options. Be taught extra at redriver.com.