Stratix Completes Equity Recapitalization with LLR Partners
Peachtree Corners, GA – September 16, 2022 – Stratix Corporation, a leading provider of Managed Mobility Services (MMS), today announced an equity recapitalization with LLR Partners. The new partnership with LLR will help support Stratix’s continued rapid and uniquely “customer-obsessed” growth. Stratix’s previous investor, Tailwind Capital, remains a minority shareholder in the business. Stratix CEO Louis Alterman and the existing management team will continue to lead the company.
One of the most experienced pure-play enterprise mobility specialists in the U.S., Stratix helps companies adopt and manage mobile-first and mobile-only strategies that improve productivity, automate workflows and create better experiences for users and customers. The company leverages almost four decades of expertise to accelerate and inspire mobility transformation for some of the world’s largest organizations across multiple verticals, including retail, hospitality, transportation, education, healthcare, manufacturing, and field services. Stratix serves its enterprise customers with a full suite of lifecycle services, solution consulting, and other support services.
“MMS services are increasingly mission-critical to large enterprises, and Stratix has earned its leadership position,” said Louis Alterman, CEO of Stratix. “Every day, Stratix helps make enterprise mobility more convenient, simple, and cost-effective for organizations, and we are truly customer-obsessed. 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. LLR’s 20+ years of experience partnering with growing enterprise technology businesses like ours will help us continue to elevate our strategy, grow and scale our resources, and deliver exceptional mobility services to our customers.”
With the increasing volume of and complexity in mobile hardware and software, combined with labor challenges to manage them effectively, more companies are relying on outsourcing the configuration, provisioning, and support of their mobile devices. Through its comprehensive set of managed mobile services, Stratix enables customers to manage their entire mobile lifecycle as they plan, purchase, deploy, support, measure, report, and analyze their mobile solutions.
“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 as they continue to give enterprises a single, reliable partner for all their enterprise mobility support.”
Dave Stienes, a Partner at LLR, added, “We are thrilled to partner with Louis and the rest of the team at Stratix. Everything they do revolves around providing the customer with the best solution and service.”
Guggenheim Securities, LLC and SVB Securities served as financial advisors to Stratix in this transaction.
About LLR Partners
LLR Partners is a private equity firm investing in technology and healthcare businesses. We collaborate with our portfolio companies to identify and execute on key growth initiatives and help create long-term value. Founded in 1999 and with more than $5 billion raised across six funds, LLR is a flexible provider of equity capital for growth, recapitalizations, and buyouts. Learn more at https://www.llrpartners.com/.