BGL Announces the Sale of CSAT Solutions to Insight Equity
CLEVELAND, Jan. 8, 2020 /PRNewswire/ -- Brown Gibbons Lang & Company (“BGL”) is pleased to announce the sale of CSAT Solutions Holdings, LLC (“CSAT”), a portfolio company of CAI Capital Partners, to Insight Equity Holdings LLC (“Insight Equity”). BGL’s Diversified Industrials team served as the exclusive financial advisor to CSAT in the transaction. The specific terms of the transaction were not disclosed.
Founded in 1987 and headquartered in Houston, Texas, CSAT is a leading provider of fully-integrated electronic and digital device diagnostics and repair solutions. The company serves diverse end markets such as consumer electronics, industrial equipment and components, and medical devices and equipment. CSAT operates the world’s only all-in-one (AiO) notebook computer repair center, offering a complete end-to-end solution that enables customers to consolidate their aftermarket supply chains and realize substantial cost savings. Unparalleled in the industry, the company has the capacity for more than 6,000 repairs per day and manages and distributes over 6.7 million OEM components. Utilizing proprietary software and systems developed over decades, CSAT effectively and efficiently serves its demanding customer base.
CSAT’s President and CEO Dick Van Deventer commented that, “The senior team at BGL really understood our business and end markets and successfully communicated our value proposition to the buyers that participated in the process.”
Andrew K. Petryk, BGL’s Head of Diversified Industrials, said, “BGL’s deep experience in the industrial technology space allowed us to be quick studies of the business and to leverage our experience and relationships to drive value. With Insight Equity as its new partner, CSAT is poised to expand its leadership position in North America and invest to grow its customer base and expand into new markets.”
About Brown Gibbons Lang & Company
Brown Gibbons Lang & Company is a leading independent investment bank and financial advisory firm focused on the global middle market. The firm advises private and public corporations and private equity groups on mergers and acquisitions, divestitures, capital markets, financial restructurings, valuations and opinions, and other strategic matters. BGL has investment banking offices in Chicago, Cleveland, and Philadelphia, and real estate offices in Chicago, Cleveland, Denver, San Antonio, and San Diego. The firm is also a founding member of Global M&A Partners, enabling BGL to service clients in more than 30 countries around the world. Securities transactions are conducted through Brown, Gibbons, Lang & Company Securities, Inc., an affiliate of Brown Gibbons Lang & Company LLC and a registered broker-dealer and member of FINRA and SIPC. For more information, please visit www.bglco.com.
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SOURCE Brown Gibbons Lang & Company