Presidio Announces Sale of its Atlantix Global Systems Subsidiary
Get Alerts APO Hot Sheet
Join SI Premium – FREE
NEW YORK, N.Y., Oct. 22, 2015 (GLOBE NEWSWIRE) -- Presidio LLC ("Presidio" or the "Company") announced today that it has sold its Atlantix Global Systems subsidiary, a leading reseller of reconfigured and refurbished IT and telecom equipment, to an equity group led by Millstein & Co. LP, a diversified investment management and financial services firm. "We are pleased for Brian Glahn and his team at Atlantix for their new chapter with a great partner," stated Bob Cagnazzi, CEO of Presidio. "Atlantix's business is not core to Presidio and I believe the Millstein group can take them to the next level." Presidio was advised by its outside legal counsel Wachtell, Lipton, Rosen & Katz in the transaction. About Presidio
Presidio is the leading provider of professional and managed services for advanced IT solutions. By taking the time to deeply understand how our clients define success, we architect enduring technology solutions that address their business needs. Our approach blends the credibility to deliver practical results today, with the creativity to drive the business visions of tomorrow. More than 2,400 Presidio IT professionals, 1,500 of which are engineers with over 2,000 industry leading certifications, are based in 55+ offices across the US. We serve our clients through a unique, local delivery model while capitalizing on our scale as a multi-billion dollar industry leader. We are passionate about driving results for our clients and delivering the highest quality of service in the industry. Presidio is owned by funds affiliated with Apollo Global Management, LLC (NYSE: APO). For more information visit: www.presidio.com. Contact Information For additional information please contact: Mike French Chief Marketing Officer 469-549-3800 [email protected]
CONTACT: Mike French Chief Marketing Officer 469-549-3800 [email protected]Source: Presidio
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Apollo's (APO) ATLAS SP Announces Investment from MassMutual
- Apollo Global Management (APO) PT Raised to $112 at Morgan Stanley
- Medicus Pharma Ltd. Announces Proposed Private Placement of Convertible Notes
Create E-mail Alert Related Categories
Press ReleasesSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!