Private equity firm Quad-C Management has completed the sale of its portfolio investment Curvature, an IT services company and provider of new and pre-owned network hardware and IT infrastructure services.
Through the deal, Curvature merged with Partners Group portfolio company SMS Systems Maintenance Services to form SMS | Curvature. Terms of the transaction have not been disclosed.
Quad-C invested in Curvature (FKA: Network Hardware Resale) in 2012 in partnership with the company’s management team. Since that time, Curvature has grown significantly by adding new service offerings, expanding geographically and integrating a strategic acquisition.
"Over the course of our partnership with Quad-C, Curvature has transformed from a networking equipment vendor to a balanced IT services company," says Curvature CEO Mike Sheldon. "Quad-C supported us throughout this process as we diversified our hardware offering, expanded into third-party maintenance and managed services, opened offices in Japan and India and completed the Company's first acquisition. We have sincerely valued the collaboration with the Quad-C team and thank them for their support."
"Curvature's transformation to a diversified IT services provider with global scale created a truly unique asset in the market," says Frank Winslow, a partner at Quad-C. "The company's sale to SMS demonstrates the significant strategic value of this platform, and we wish Mike and the team all the best in the next phase of the company's growth."
"We feel extremely fortunate to have partnered with Mike Sheldon and his team over the past four years," says Steve Burns, managing partner at Quad-C. "We are proud of what the company was able to accomplish with the significant investments in new business lines, people, service infrastructure and geographic span under our ownership and pleased to complete another successful owner-operator recap."
