June 10, 2016 - White Wolf Capital (“White Wolf”) is pleased to announce a recapitalization of CSI-IT, LLC (“CS”). Details of the transaction were not disclosed.
Corry Doyle, Managing Director of White Wolf, noted “We are excited to partner with CS’s management team to energize the company’s growth. In addition to focusing on organic growth opportunities, the transaction will provide CS with access to additional capital and resources to support accelerated growth initiatives”.
Joe Bendix, CEO of CS, commented, “The benefits of this transaction are compelling. CS has built a world class IT consulting, staffing and recruiting platform and we look forward to taking advantage of White Wolf Capital’s extensive industry experience. Our combined team is well positioned to continue to expand our service offerings and identify new business development initiatives that will bring additional value to our clients and our team.”
CS is an information technology, consulting and recruiting company that is primarily focused on providing permanent and contract IT resources to augment a client’s existing staff while implementing or upgrading complex systems. CS has been providing experienced IT resources that enable their clients to complete their complex projects on time and on budget for over sixteen years. CS is headquartered in Tallahassee, FL. For further information, please visit: www.csifl.com.
White Wolf Capital is a private investment firm that began operations in late 2011 and is focused on making both direct and indirect investments in leading middle market companies located in North America.
On the direct side, White Wolf Capital seeks both private equity as well as private credit investment opportunities in companies with $20 million to $200 million in revenues and up to $20 million in EBITDA. Typical situations include, management buyouts leveraged buyouts, recapitalizations and investments for growth. Preferred industries include manufacturing, business services, government services, information technology, security, aerospace and defense.
In addition to making direct investments in operating companies, White Wolf Capital also looks to invest with other private fund managers as a limited partner. Targeted investment candidates are North American focused private credit funds looking to raise $50 million to $500 million in assets under management, with a focus on the lower-middle and middle-market. For further information, please visit: www.whitewolfcapital.com.