Tailwind Capital sells mobile specialist Stratix to LLR Partners

21 September 2022 Consulting.us 2 min. read

Tailwind Capital has completed the sale of Stratix, an Atlanta-area IT consultancy focusing on mobility management services (MMS), to LLR Partners.

Tailwind, a mid-market private equity (PE) firm based in New York, acquired Stratix in 2016. The firm will retain a minority stake in Stratix.

“Throughout our partnership, Stratix achieved outstanding growth driven by its unwavering commitment to culture, innovation and serving its blue-chip client base,” Will Fleder, partner at Tailwind. “We thank Louis Alterman and the Stratix team for their partnership and look forward to supporting their continued growth and success.”

Stratix has more than 330 employees, according to LinkedIn, and is one of the largest pure-play MMS specialists in the United States. The firm helps clients across industries manage their mobile hardware and software lifecycle – including planning, purchasing, deploying, supporting, reporting, and analyzing their mobile solutions.

Tailwind Capital sells mobile specialist Stratix to LLR Partners

“Companies are digitizing more of their physical assets, data, and information every day, driving an unprecedented demand to put mobile devices in the hands of their employees and, in many cases, their customers,” said Jesse Gray, principal at LLR Partners. “Stratix removes the headache of managing those devices by offering a broad range of mission-critical services that enable continuous uptime and efficiency. We are excited to collaborate with Stratix to as they continue to give enterprises a single, reliable partner for all their enterprise mobility support.”

As part of the transaction, Stratix CEO Louis Alterman and the existing management team will continue to lead the company.

LLR Partners is based in Philadelphia and has raised more than $5 billion across six funds since 1999. The PE firm focuses on technology and healthcare businesses.

“Every day, Stratix helps make enterprise mobility more convenient, simple and cost-effective for organizations, and we are truly Customer-Obsessed,” Alterman said. “I’m grateful for the partnership we have had with Tailwind - our business is thriving, and we are eager to now join forces with LLR as we continue our rapid growth.”

Guggenheim Securities and SVB Securities served as financial advisors to Stratix on the transaction.