-

Cerberus Acquires Leading Technology Provider Red River

NEW YORK & CLAREMONT, N.H. & CHANTILLY, Va.--(BUSINESS WIRE)--Cerberus Capital Management, L.P. (“Cerberus”), a global leader in alternative investing, today announced that one of its affiliates has acquired a majority stake in Red River Technology (“Red River” or the “Company”) from a group including the Company’s founding shareholders and Acacia Partners.

Red River is a leading provider of technology solutions and managed services with mission-critical expertise in security, networking, data center, collaboration, mobility and cloud applications. For more than 25 years, the Company has been a trusted partner to federal government agencies, state and local government and education (“SLED”) customers, and commercial businesses. In partnership with Cerberus, Red River will be able to build on its market-leading platform through continued investments in its capabilities and strategic acquisitions.

Certain Red River shareholders will retain a minority equity stake in the business, and Co-Founder Rick Bolduc will continue to serve as a member of the Board of Directors. Alan Dumas, Red River’s Chief Executive Officer, will continue to lead the Company and its operations, alongside the existing management team, and will join the Board.

“The support of a world-class partner like Cerberus is a reflection of Red River’s industry leadership and an endorsement for our potential,” said Alan Dumas, Chief Executive Officer of Red River. “Together with Cerberus, we will be able to invest in expanding our capabilities, further drive operational excellence, and pursue strategic acquisitions to better serve our customers. We are confident that this partnership will launch an exciting next chapter of growth for Red River and our team members.”

Michael Sanford, Senior Managing Director at Cerberus, commented: “Digital transformation and modernization are critical to the success of government agencies and businesses. Red River is a trusted partner that is well-positioned to meet the growing demand for integrated technology solutions and services. We look forward to working alongside Red River’s talented team to further scale its market-leading platform through strategic initiatives and investments.”

Patrick Moriarty, Managing Director at Cerberus, added, “Beyond its commitment to customers, we have been extremely impressed with Red River’s dedication to its communities. We are excited to support their efforts as they continue to make a positive and lasting impact on students, veterans, and communities in need.”

Kirkland & Ellis served as legal advisor and Wells Fargo Securities, LLC served as exclusive financial advisor to Cerberus. Holland & Knight LLP served as legal advisor and Guggenheim Securities, LLC served as financial advisor to Red River.

About Cerberus

Founded in 1992, Cerberus is a global leader in alternative investing with over $55 billion in assets across complementary credit, private equity, and real estate strategies. We invest across the capital structure where our integrated investment platforms and proprietary operating capabilities create an edge to improve performance and drive long-term value. Our tenured teams have experience working collaboratively across asset classes, sectors, and geographies to seek strong risk-adjusted returns for our investors. For more information about our people and platforms, visit us at www.cerberus.com.

About Red River Technology

Red River brings together the ideal combination of talent, partners and products to disrupt the status quo in technology and drive success for business and government in ways previously unattainable. Red River serves organizations well beyond traditional technology integration, bringing 25 years of experience and mission-critical expertise in security, networking, data center, collaboration, mobility and cloud solutions. Learn more at redriver.com.

Contacts

Media Contacts

Cerberus
Brooke Jaye / Akash Lodh
914-715-3247 / 202-758-4263
Cerberus-SVC@sardverb.com

Red River
Ed Levens
703-880-9742
ed.levens@redriver.com

Cerberus Capital Management, L.P.


Release Versions

Contacts

Media Contacts

Cerberus
Brooke Jaye / Akash Lodh
914-715-3247 / 202-758-4263
Cerberus-SVC@sardverb.com

Red River
Ed Levens
703-880-9742
ed.levens@redriver.com

More News From Cerberus Capital Management, L.P.

Agila Subic Welcomes SubCom to Multi-Use Shipyard in Subic Bay

SUBIC BAY, Philippines--(BUSINESS WIRE)--Agila Subic Compass (“Agila Subic”) today announced that SubCom, a global leader in subsea fiber optic cables, has entered into a multi-year lease at the Subic Bay shipyard for its new forward deployment center. SubCom’s new facility at the shipyard will support its worldwide operations and serve as a logistical staging area for subsea cable projects. The expansion will enable the company to better serve its global customers and increase the operational...

General John W. Raymond Joins Cerberus’ Supply Chain and Strategic Opportunities Platform

NEW YORK--(BUSINESS WIRE)--Cerberus Capital Management, L.P. (“Cerberus”), a global leader in alternative investing, today announced that (Ret.) General John W. “Jay” Raymond has joined Cerberus as a Senior Managing Director on the Firm’s Supply Chain and Strategic Opportunities platform. General Raymond joins a team of investment professionals, technologists, operating executives, and policy experts to pursue investments in areas that advance supply chain and security integrity for the United...

Electrical Components International Acquires Aerosystems International, Inc.

ST. LOUIS & MONTREAL--(BUSINESS WIRE)--Electrical Components International, Inc. (“ECI”), a leading global supplier of electrical distribution systems, control box assemblies, and other critical engineered components for diversified markets, today announced the acquisition of Aerosystems International, Inc. (“ASI”). Founded in 1971, ASI is a specialty manufacturer and supplier of electrical distribution and control systems primarily serving the aerospace end market. With its fully integrated de...
Back to Newsroom