New State Capital Partners Acquires Majority Stake in CDS

LongueVue Capital and Lake Ten Capital Partners recapitalize Customized Distributions Services (CDS)

August 18, 2026

Transportation

LongueVue Capital (LVC) and Lake Ten Capital Partners (LTCP), together with the management team of Customized Distributions Services (CDS), announced a recapitalization and growth capital partnership. The investment is intended to fund strategic initiatives, including expansion of CDS’s geographic footprint and service offerings.

CrossCountry Consulting Acquires CDS

February 5, 2026

Professional Services

CrossCountry Consulting acquired CDS, a financial due diligence provider headquartered in San Francisco, to deepen CrossCountry’s transaction advisory capabilities for private equity and corporate clients. The deal expands CrossCountry’s ability to deliver buy-side and sell-side financial due diligence across M&A, carve-outs, and recapitalization transactions, with CDS fully integrated into its operations.

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.

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.

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.

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.