MIAMI, FL – (February 28, 2012) Trivest Partners (“Trivest”) today announced that its affiliate, Onepath Systems, LLC (“Onepath”), has acquired Confiance IP Solutions, Inc. (“Confiance”). Based in Greensboro,
North Carolina, Confiance is a Cisco Silver level systems integrator that specializes in advanced technology solutions such as Managed Services, Unified Communications, Contact Centers, Data Center, EMC Storage, Cisco Telepresence Video, Physical Security, Wireless, and Local/Metro/Wide Area Networking. The transaction will allow Onepath to expand its geographic footprint in the Southeast and enhance its portfolio of technology offerings and service capabilities. The acquisition of Confiance is the first add-on for Onepath, which Trivest acquired in November 2010. Confiance was funded with capital from Onepath’s senior lender and Trivest Fund IV, a $325 million private investment fund.
Mike Cotrone, Founder and CEO of Confiance, commented, “The Confiance team is excited about becoming part of the Onepath family and expanding our geographic presence in the Southeast, as well as adding Onepath’s intelligent building technology solutions and services capabilities.”
Robb Borden, Onepath’s Founder and CEO, said “The Confiance partnership provides Onepath an enhanced presence in the Carolinas and expands our Cisco capabilities, while adding EMC solutions and valuable managed services offerings though Confiance’s proprietary Guardian Managed Service platform. We are very pleased and excited to have Mike Cotrone, Bill Demarest, and the entire Confiance team join the Onepath organization.”
Jamie Elias, Trivest Partner and Onepath’s Chairman, added, “We are excited to have completed our first add-on at Onepath. The Confiance acquisition fits nicely within Onepath’s strategy to expand in the Southeast and allows Onepath to grow its strong base of recurring revenue. The transaction is also consistent with Trivest’s long-standing investment strategy to acquire well run, founder-owned businesses.”
Onepath Systems, LLC is a leading systems integrator that designs, deploys, and maintains commercial IT solutions. Onepath differentiates itself through its expertise in multiple IT platforms, including audio-visual, data solutions, fire & life safety, security, structured cabling, and access control systems. Through its multi-faceted capabilities, Onepath is able to provide a holistic solution to its customers who traditionally have needed to engage multiple vendors to support their IT needs. Onepath, which was founded in 2006, operates from its headquarters in Marietta, Georgia. For additional information, please visit 1path.com.
Trivest Partners is a private investment firm that focuses on partnering with founder/family owned businesses in the United States and Canada. Since its founding in 1981, Trivest has completed more than 180 transactions, totaling in excess of $4.7 billion in value. For additional information, please visit www.trivest.com.