KT Capital Partners and CapitalSouth Partners have acquired CableOrganizer.com, an online retailer of electrical and telecom products.
Simultaneous with the closing of the transaction, the company announced that Gerald Quindlen would become CEO of CableOrganizer.com. Mr. Quindlen was previously the president and CEO of Logitech. Both company co-founders, Valerie and Paul Holstein, former CEO and COO, respectively, will retain a minority ownership position in the company.
CableOrganizer.com is an online retailer of electrical, telecom/datacom/networking, home theater, cable and wire management products. The company was founded in 2002 and is headquartered in Fort Lauderdale (www.CableOrganizer.com).
“CableOrganizer.com has been in business over 11 years and has enjoyed sustained, record-breaking double digit growth and strong vendor relationships, even throughout the economic downturn that adversely affected the retail industry at large in recent years,” said Paul Holstein. “The fresh and broader depth of experience and expertise brought in by KT Capital Partners and CapitalSouth Partners, coupled with the broad leadership and operational experience of the new company CEO Gerald Quindlen, will help CableOrganizer.com establish, sustain and elevate its position as a leading online retailer in all applicable product categories, including all telecommunication, low voltage, networking and server room supplies”
KT Capital Partners invests in companies with revenues of $5 million to $50 million and at least $1 million of EBITDA that are based in the southeastern United States. The firm is headquartered in Atlanta (www.ktcapital.net).
CapitalSouth Partners invests mezzanine debt and equity in companies with revenues of at least $10 million and EBITDA of at least $3 million. Sectors of interest include business services, consumer/retail, energy, general industrial, healthcare, and technology. CapitalSouth has over $700 million of capital under management through multiple committed funds. The firm was founded in 1998 and is headquartered in Charlotte with additional offices in Louisville, Atlanta, and Raleigh (www.capitalsouthpartners.com).
© 2013 PEPD • Private Equity’s Leading News Magazine • 6-13-13