A major New York private equity fund has acquired control of Claremont IT consulting firm Red River Technology.
Cerberus Capital Management, which oversees a portfolio of companies in aerospace, defense, health care, real estate and retail, announced in a news release this week that it bought through an affiliate a “majority stake” in Red River from a group that includes the company’s original shareholders and Acacia Partners. Terms weren’t disclosed.
Red River Technology, founded in Hanover in 1995 with a handful of employees as Red River Computer Co. before moving to a refurbished mill building on the Sugar River in Claremont, contracts to provide IT management and support services for the federal government, municipalities and the private sector.
Read more/Source: Valley News
Can't stop reading? This and all news articles are property of their creators, many are not owned or provided by Private Equity Insider. As an event organizer and community platform, we curate content from reliable sources for your suggested reading, and advise you to read the full articles from the referenced authors and sources.