June 10, 2016 – White Wolf Capital LLC (“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 CSI-IT ‘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 CSI-IT, commented, “The benefits of this transaction are compelling. CSI-IT 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.”
CSI-IT 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. CSI-IT has been providing experienced IT resources that enable their clients to complete their complex projects on time and on budget for over sixteen years. CSI-IT is headquartered in Tallahassee, FL. For further information, please visit: www.csifl.com.
White Wolf is a private investment firm that began operations in late 2011 and is focused on management buyouts, recapitalizations and investments in leading middle market companies. In general, White Wolf seeks both mezzanine and private equity investment opportunities in companies that are headquartered in North America with $10 million to $100 million in revenues and up to $10 million in EBITDA. Preferred industries include: manufacturing, business services, information technology, security, aerospace and defense. For further information, please visit: www.whitewolfcapital.com.