Centerbridge to Acquire AHEAD from Court Square, Setting the Stage for Next Phase of Innovation and Growth
Investment will enable the enterprise cloud leader to expand its digital solutions portfolio and geographic reach
AHEAD, a leading provider of enterprise cloud solutions, announced a definitive agreement for funds advised by Centerbridge Partners, L.P., a leading private investment firm, to acquire a majority stake in the company. In addition, funds managed by Berkshire Partners LLC will purchase a minority stake in AHEAD, while the AHEAD management team will continue to own a significant position in the business.
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Centerbridge to Acquire AHEAD from Court Square, Setting the Stage for Next Phase of Innovation and Growth
With support from Centerbridge, a deeply experienced investor in enterprise services, software and hardware businesses, AHEAD is well-positioned to accelerate its market leadership in enterprise cloud infrastructure and grow its offerings, including through the expansion of its services and partnerships, in the vital areas of intelligent operations and cloud-native application development.
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Over the last five years, as a portfolio company of Court Square Capital Partners, AHEAD grew revenues from $365 million to more than $1.3 billion in 2020, in the process acquiring four firms. During this same period, AHEAD’s professional services business grew from $18 million to more than $100 million—an average annual growth rate of 41 percent—as the company expanded its services capabilities in the areas of cloud, enterprise service management and enterprise monitoring and analytics.
“We’ve enjoyed our partnership with Court Square and are thankful for their early support of the AHEAD journey. The Centerbridge investment will help us continue to innovate and enhance our offerings in an effort to help clients transform and create more agile and efficient applications, operations and platforms,” said Daniel Adamany, CEO of AHEAD. “This is a pivotal moment in our history, and we can’t wait to get to work with our new partners.”
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