Intermediate Capital Group-backed Circet completed the acquisition of majority stake in KGPCo Services.

Intermediate Capital Group-backed Circet, a communications network services provider, completed the acquisition of majority stake in KGPCo Services, a communications infrastructure services and product supply chain provider. Financial terms were not disclosed. "Since we first launched the company, we have been driven by a Customer-First philosophy and a focus on evolving alongside our customers as a trusted partner. In the Circet organization, we see shared values and purpose. This creative partnership allows KGPCo to continue as a family-led organization on a global stage, and at the same time positions KGPCo Services for faster expansion and greater success. I am thrilled with the joining of our organizations and how it positions the companies for the decades to come," Kathleen G. Putrah, KGPCo Founder and Chairman.