Seacoast Capital Announces Investment in Focus Technology Solutions, Fund V Closing
Summary
In concert with the transaction, Doug Alexander stepped down as Focus CEO, but plans to continue his strategic relationship with the Company as a member of its Board of Managers. Focus also offers IT software and equipment from leading global OEMs to provide customized, leading-edged solutions for the development of customers critical IT infrastructure.Chris Caprio remarked, "We evaluated a number of potential equity and debt partners to support us in our management buyout and Seacoasts unique focus on working directly with management teams in these types of situations was a major differentiating factor for us. I am eager to continue working with Focus and Seacoast as a member of the Board and think the Companys best days lie ahead. By designing and implementing innovative IT solutions through personalized service, Focus delivers positive results that support its customers strategic vision. Capital is used to support growth, refinancings, acquisitions, family ownership and wealth transfers, shareholder liquidity events, and partnership or management buyouts.
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