New York – March 2016
– Tailwind Capital, a leading middle market private equity firm investing in growth-oriented companies in targeted sectors within healthcare, business and industrial services, announced the acquisition of Stratix Corporation ("Stratix"). Stratix is a leading provider of outsourced Managed Mobile Service (MMS) solutions for many of the largest global brands within the retail, manufacturing, transportation and field service industries.
Founded in 1983, Stratix has evolved from a data capture consulting services company to one of the largest national MMS providers with a comprehensive mobile service portfolio. The company leverages deep industry expertise, expansive service offerings and mobile specialization to provide consulting, deployment, software, 24x7 support and asset management services for the enterprise mobile workforce.
Tailwind Operating Executive and Stratix Chairman Geoffrey Baird commented, "Stratix is well positioned as a leader in the growing MMS sector. We've been tremendously impressed with the partnerships Stratix has established with major global brands in the mobile sector as well as its impressive long standing customer relationships. The company's commitment to exceeding client expectations and creating trusted advisor status is remarkable."
Adam Stulberger, a Partner at Tailwind said, "Stratix has an impressive track record for consistently delivering business critical services in a very dynamic mobile marketplace. We believe this rapidly changing and expanding MMS industry offers substantial growth opportunities for the company through both organic initiatives and add-on acquisitions. We look forward to working closely with Stratix and their veteran management team to drive future growth."
"Our proven track record in the MMS space uniquely qualifies Stratix to continue expanding our footprint and leveraging our experience in both the rapidly growing mid-market sector as well as the new market opportunities around the Internet of Things," said Gina Gallo, Chief Executive Officer for Stratix. "More and more companies are leveraging mobile technology to transform their business, but are unable to scale their internal support to operationalize their mobile investments. With support from Tailwind, we have the resources to dramatically scale our presence as a leading MMS provider in these new markets, while ensuring we continue to deliver on our core mission of excellent service and help clients realize the full value of their mobile investments."
For more information about Stratix, visit www.stratixcorp.com
About Tailwind Capital
Tailwind Capital is a leading private equity firm focused on growth-oriented investments in the middle market in the healthcare, business services and industrial services sectors in North America. Tailwind partners with experienced management teams and entrepreneurs to transform businesses through organic growth initiatives, acquisitions and operational and strategic improvements. Since its founding in 2003, Tailwind and its portfolio companies have completed more than 75 acquisitions. The firm currently manages over $2 billion of committed equity capital.