New Heritage Capital Invests in Stratus Technology Services
March 8, 2023
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.
- Buyers
- New Heritage Capital
- Targets
- Stratus Technology Services
- Industry
- IT Services
- Location
- New Jersey, United States
- Transaction Type
- Growth capital
Explore More
Related Acquisitions
-
Infosys to Acquire Stratus to Accelerate AI-Led Transformation
March 28, 2026
IT Services
Infosys announced a definitive agreement to acquire Stratus, a U.S.-based technology solutions provider focused on property and casualty insurance. The deal is intended to strengthen Infosys’ AI-driven digital transformation capabilities by combining Infosys’ cloud and AI platforms with Stratus’ Guidewire InsuranceSuite services and insurance domain expertise.
-
SubSplit Services Group, LP Acquires Stratus Systems, LLC
January 24, 2025
HVAC & Mechanical
SubSplit Services Group, LP, a permanent capital partnership, has acquired Dallas-based mechanical contracting firm Stratus Systems, LLC. The transaction provides liquidity and succession planning for Stratus’s leadership while positioning the company for growth in high‑purity mechanical piping and commercial/industrial MEP services.
-
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.
-
Stonehenge Partners Makes Minority Growth Investment in Stratus Surfaces
October 1, 2023
Building Products
Stonehenge Partners has made a minority growth investment in Stratus Surfaces, an importer and wholesale distributor of natural stone, quartz and porcelain slabs. The capital will support Stratus's expansion into new U.S. markets and enable the company to pursue acquisition opportunities while partnering with its majority owners, Luke Spiller and Peter Pental.
-
SMART Global Holdings Acquires Stratus Technologies
June 29, 2022
IT Services
SMART Global Holdings, Inc. (SGH) entered into a definitive agreement to acquire Stratus Technologies for $225 million in cash at closing, plus an earn-out of up to $50 million tied to Stratus gross profit performance over the first 12 fiscal months after closing. SGH expects the closing to occur in the second half of calendar year 2022 and plans to integrate Stratus into its Intelligent Platform Solutions (IPS) group.
-
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.
Build a buyer list for your deal
Find active buyers from recent acquisition patterns and move straight into outreach.