New State Capital Partners Acquires Majority Stake in CDS

CrossCountry Consulting Acquires CDS

February 5, 2026

Professional Services

CrossCountry Consulting, a business advisory and technology solutions firm headquartered in McLean, Virginia, has acquired CDS, a San Francisco-based financial due diligence provider. The acquisition deepens CrossCountry's transaction advisory capabilities by integrating CDS's buy-side and sell-side financial due diligence expertise into a new Financial Due Diligence practice led by CDS partners Brian Drue and Anthony Azevedo.

New State Capital Partners Takes Majority Stake in Wilmington Paper

November 12, 2021

Environmental Services

New State Capital Partners (via an affiliate) has made a majority equity investment in Wilmington Paper Corp., a recovered-fiber processor and intermediary headquartered in New Jersey. Management, led by CEO Stuart Lurie, retained a substantial minority stake; New State said it will support organic growth, technology and logistics investments, and pursue add-on acquisitions to extend the company's reach.

CD&R to Acquire Majority Stake in Presidio from BC Partners

April 2, 2024

IT Services

Clayton, Dubilier & Rice (CD&R) will acquire a majority ownership position in Presidio, a leading IT services and digital solutions provider, from BC Partners, which will retain a minority stake. The transaction, which strengthens Presidio’s ability to expand its cloud, managed services and cybersecurity capabilities, is expected to close in Q2 2024; terms were not disclosed.

Capitala Group Makes Growth Investment in Source Support Services

January 7, 2020

IT Services

Capitala Group has made a growth investment in Source Support Services, acquiring the company alongside members of Source Support's senior management from founder Mark Oldfield. The capital will be used to scale Source Support’s global platform, expand into information, medical and industrial automation technology markets, and enhance its service and technology capabilities.

Eos Partners Majority Recapitalizes MetaSource

June 1, 2022

IT Services

Eos Partners led a majority recapitalization of MetaSource, a Draper, Utah-based provider of technology-enabled BPO and digital transformation services. Longshore Capital Partners sold the majority stake but remains a minority investor and board representative, while MetaSource senior management also invested and will continue to lead the business.

Elyan Partners Acquires Majority Stake in Stordata

March 26, 2024

IT Services

Funds advised by Elyan Partners (Edmond de Rothschild Private Equity) have acquired a majority stake in Stordata, a Versailles-based IT services and data management specialist. The acquisition was financed via a bespoke debt package arranged by H.I.G. WhiteHorse Europe with participation from Caisse d'Epargne et de Prévoyance Hauts de France to support Stordata's expansion and a buy-and-build strategy focused on cloud and cybersecurity.