News
ATLANTIC STREET CAPITAL ACQUIRES UNIGUEST INC.
December 18, 2013Market Leader Serving Hospitality Sector Poised To Grow Leveraging
Industry’s Expanding Use of Technology
STAMFORD CT, December 16, 2013 – Atlantic Street Capital, a private equity firm targeting entrepreneurial businesses poised for the next level of growth, announced today the acquisition of Uniguest Inc., a leading provider of end‐to‐end information delivery solutions for the hospitality industry from the company’s founder, Mark Oldham, and other shareholders.
Headquartered in Nashville, Uniguest provides an integrated package of hardware, software, content and support to help hoteliers deliver a consistent connectivity experience. The company serves as a leading provider of business centers, electronic displays and other customer facing technology within hotels, and also provides in‐room guest directories and other ancillary printing needs. The company today has an installed base of over 12,000 devices across nearly 7,000 properties representing 50 leading hospitality brands stretching across the globe in 35 countries. In addition, the company is leveraging its unique end-to-end technology management capabilities and software solutions to manage consumer facing technology in other end markets including retail, healthcare and real estate.
Peter Shabecoff, Managing Partner at Atlantic Street Capital, said, “Uniguest has become a market leader with a strong business and a proprietary technology-driven platform. The company has built lasting relationships with many of the leading hospitality brands across the globe and we believe we can work as partners with Uniguest’s strong management team to develop those relationships and further accelerate the company’s growth. Customer-facing technology continues to receive greater focus from hotels and other end markets and given the industry’s positive dynamics there are a number of exciting opportunities to expand the breadth of the company’s relationships and product offerings, as well as to accelerate existing initiatives that transcend beyond the core hospitality sector.”
John Bearden, CEO of Uniguest who will continue in that position, said, “Guests have come to expect business centers and related technology services as part of the guest experience and hotels will continue to expand their technology offerings. We expect to benefit from our strong relationships with many of the industry’s leading hotel chains and we look forward to working with Atlantic Street to leverage Uniguest’s hardware products and services, and software in addition to further growing our developing relationships in other attractive industries.”
Resource Capital Solutions provided debt financing to support the transaction. Harpeth Capital, LLC served as financial advisors to the selling shareholders.