This is Altamont’s second acquisition within a month as itInformation Technology bought window maker Cascade Windows in December 2012, according to the report.
“PartneringA mutually beneficial business to business relationship based on trust and commitment and that enhances capabilities of both parties. with the Altamont Team will allow Omniplex to continue to grow and invest in additional areas inside and adjacent to current core offerings,” said Michael Santelli, new Omniplex chief operating officer.
Altamont made the transaction to pursue growth in the federal market, Mark Hoover writes.
Randall Eason, an Altamont managing director, said he believes Omniplex has growth opportunities.
Julien Patterson, founder and chairman of Omniplex, said he thought the private equity firm understood the nature of its business.
Bluestone Capital Partners served as financial adviser to Omniplex on the transaction, according to the report.
“The Altamont investment and management objectives and tenets clearly align with the Omniplex operational and cultural foundation,” Santelli added.