SMART Global Holdings Acquires Stratus Technologies from Siris Capital

Brightstar Capital Partners Acquires Stratus Team, LLC

July 1, 2024

Engineering Services

Brightstar Capital Partners, a middle-market private equity firm, has completed the acquisition of Stratus Team, LLC from Godspeed Capital Management LP. The transaction positions Brightstar to scale Stratus — a multi-disciplinary engineering, architecture, and consulting platform — through organic growth and M&A to expand its capabilities and presence across public and private sector end markets, particularly in the U.S. Southeast.

New Heritage Capital Invests in Stratus Technology Services

March 8, 2023

IT Services

New Heritage Capital has made a growth investment in Stratus Technology Services through its Private IPO structure, allowing Stratus management to retain operating control while gaining capital to accelerate growth. The investment will support Stratus's expansion of delivery teams and capabilities—particularly cloud implementations and migrations—across its global technology services footprint, which includes strong expertise serving the P&C insurance market and Guidewire platform users.

Vestar Capital Partners Acquires Stratus from Arcapita

July 7, 2021

Industrial Services

Vestar Capital Partners has acquired Stratus, a Mentor, Ohio–based brand implementation and facilities services provider, from Arcapita Group Holdings. Stratus' founder and CEO Tim Eippert and the senior leadership team will remain and reinvest in the company while Arcapita will retain a minority stake; financial terms were not disclosed.

Custom Computer Specialists Acquires Clarity Technology Group and Local Stratus

December 14, 2023

IT Services

Custom Computer Specialists (CCS) has acquired Raleigh-based managed services provider Clarity Technology Group and hosted VoIP provider Local Stratus, expanding CCS's footprint in the Mid-Atlantic. The deals add cloud and communications capabilities and broaden CCS's presence and service offering across healthcare, biotech, defense and AEC end markets.

Stratus (Godspeed Capital-backed) Acquires Morris & Associates, Engineers, LLC

January 24, 2023

Engineering Services

Godspeed Capital-backed Stratus has acquired Morris & Associates, Engineers, LLC, a Houston-based engineering and architectural firm specializing in fuel system design, permitting, and drone/3D laser surveying. The acquisition adds a 16-person team and expands Stratus' capabilities and access to Texas DOT, Department of Defense, and retail fuel clients as part of its add-on growth strategy in the Southeastern United States.

Applied Insight Acquires Applied Technology Group (ATG) and Stratus Solutions

February 13, 2019

AI & Machine Learning

Applied Insight, an Acacia Group-backed federal technology services provider, has acquired Applied Technology Group (ATG) and Stratus Solutions to bolster its cloud, analytics and artificial intelligence capabilities for intelligence, defense and federal civilian customers. The add-ons (ATG ~80 employees; Stratus ~100 employees) expand AI's mission-focused capabilities in machine learning, high-scale cloud infrastructure, DevOps and cybersecurity.