Lee Equity Partners Acquires Majority Stake in Unlimited Technology
December 2, 2021
Funds managed by New York-based private equity firm Lee Equity Partners acquired a majority ownership interest in Unlimited Technology, a Chester Springs, Pennsylvania-based security systems integrator. Management, led by John Palumbo (who will become CEO), will retain meaningful equity; former majority shareholder Richard Rockwell is retiring. Financial terms were not disclosed; Lee Equity said it will support Unlimited Technology’s organic and acquisition-driven growth and geographic/service expansion.
- Buyers
- Lee Equity Partners
- Targets
- Unlimited Technology, Inc.
- Sellers
- Richard Rockwell
- Industry
- Professional Services
- Location
- Pennsylvania, United States
- Transaction Type
- Buyout
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