New State Capital Partners acquired a majority stake in CDS.

New State Capital Partners, an entrepreneurial-minded private equity firm, acquired a majority stake in Computer Data Source, a leading specialist provider of enterprise-level data center third-party maintenance, focused on high-end data storage. Financial terms were not disclosed. "CDS boasts an industry-leading senior management team with an average of 25 years of experience and a proven track record of strong execution, even through diverse economic conditions," said Steve Larned, Senior Principal of New State Capital Partners. "They're supported by fully trained engineers with the same qualifications held by their counterparts at the OEMs. With global service capabilities and more than 500 contracts, CDS is customer-service focused and OEM neutral. Their customers have expressed great confidence in CDS' technical capabilities and service delivery."