Announced
Financials
Tags
United States
managed cloud services
Digital Services
Domestic
it solutions
Majority
Single Bidder
Pending
Acquisition
Private Equity
Private
Friendly
Synopsis
TowerBrook Capital Partners, an international investment firm, agreed to acquire CBTS, a North American provider of IT solutions and services, from altafiber, a provider of integrated communications solutions over its fiber‐optic network to residential and business customers, for $670m. "This marks a historic day for CBTS, which has transformed from a regional IT provider into an international company. TowerBrook Capital Partners will provide the necessary investment capital to accelerate CBTS’ growth objectives," Leigh Fox, altafiber President and CEO.
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