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
