STAMFORD, CT, April 4, 2016 – Atlantic Street Capital, a private equity firm targeting entrepreneurial businesses poised for the next level of growth, announced today that its portfolio company Uniguest, a leading provider of managed technology solutions for the hospitality industry, completed two acquisitions as part of its ongoing strategy to build a diversified national footprint in the hospitality business center sector and begin its diversification into new industry verticals.
Nashville-based Uniguest acquired Ascension Software, Inc. and the hospitality business center division of Eleven Wireless, Inc. which individually serves separate and complementary markets within the business hospitality sector. With these acquisitions, Uniguest broadens its market penetration into the office segment.
Brian Cooper, Partner at Atlantic Street Capital, said, “These transactions are transformational and further solidify Uniguest’s market leading position within hospitality and broaden its footprint among other major hotel brands and locations. Uniguest is now the industry’s leading technology platform with the scale and broad range of services that hotels desire to maintain their competitive advantage with clients, particularly business clientele who are primary users of Uniguest’s products. Going forward, we expect to leverage significant diversification opportunities outside hospitality.”
Uniguest is the leading provider of secure fully managed technology solutions to the hospitality and office industries, backed by world-class service delivery and 24/7/365 support. Uniguest’s solutions include secure public-use computers and printers, digital signage, a variety of interactive kiosks, and other mobile purposed devices. Uniguest manages roughly 30,000 guest-facing technology devices on over XX,000 client properties across 60 countries for many of the world’s most recognizable hospitality and office brands. For more information, visit www.uniguest.com or email firstname.lastname@example.org.
About Atlantic Street Capital
Atlantic Street Capital is a private equity firm that invests in middle market companies with between $25 and $150 million in revenue. The firm invests in fundamentally sound companies that will benefit from capital investment and value-adding strategic and operational initiatives. Atlantic Street Capital’s partners are hands-on investors who work closely with management to unlock their business’ underlying value and help them succeed. The firm is currently investing from Atlantic Street Capital Partners, L.P. III. For more information, visit www.atlanticstreetcapital.com.
Contact: Chris Tofalli
Chris Tofalli Public Relations, LLC