06/18/2018 | Announcement
Ironwood Capital Announces Investment in Consulting Solutions International
AVON, CONNECTICUT, June 18, 2018 – Ironwood Capital is pleased to announce a subordinated debt and minority equity investment in Consulting Solutions International (CSI), headquartered in Tallahassee, Florida. The company is a leading provider of contract consultants for information technology (IT) and staff augmentation for commercial customers.
“CSI serves a growing base of blue chip customers,” stated Ironwood Capital President and Chief Investment Officer Carolyn Galiette. “We’re impressed with the CSI management team’s successful history of acquiring and integrating similar IT staffing and consulting businesses.”
Ironwood Capital Managing Director Alex Levental noted, “The focus on acquisitions has created continual cross-selling opportunities, fueling CSI’s bottom-line growth while extending the company’s geographic reach and breadth of technical skills. The team sees a strong opportunity to replicate previous consolidation successes in the fragmented IT staffing space.”
About Ironwood Capital
Ironwood Capital is a Connecticut-based private equity firm that provides non-control growth capital to middle market companies, investing more than $750 million in over 130 companies over the past 17 years. Ironwood invests in the form of subordinated debt and preferred stock in amounts ranging from $5 million to $20 million to support business owners and financial sponsors in growth financings, full and partial recapitalizations, generational transitions and buyouts. For more information, please visit www.ironwoodcap.com.
About Consulting Solutions International
Founded in 2000, CSI is headquartered in Tallahassee, Florida, with additional offices in Palm Beach, Florida, Georgia, New York/New Jersey and Illinois. Its mission is to provide to its clients quality contract and permanent IT resources rapidly and cost effectively. The company has 41 full-time staff members, with access to an in-house recruiting network of over 30,000 consultants. For more information, please visit http://csifl.com/.
Contact:
Carolyn C. Galiette
President and Chief Investment Officer
(860) 409-2105
galiette@ironwoodcap.com
Kathy Butler
Director of Marketing and Communications
(860) 409-2117
butler@ironwoodcap.com
