Los Angeles, CA, April 11, 2019 – Platinum Equity and The Gores Group announced today the sale of Data Blue to Court Square Capital Partners. Financial terms of the transaction were not disclosed.
Founded in 2011, Data Blue is a provider of customized infrastructure, cloud architecture and virtualized solutions to enterprise customers in North America.
Platinum Equity and The Gores Group, through its Gores Small Capitalization Partners fund, acquired a controlling stake in Data Blue in 2016 and worked together with the company’s management team to drive growth and operational improvement plans.
“We’ve enjoyed a great partnership over the past three years that has helped substantially grow and diversify our business,” said Data Blue CEO Stephen Ayoub. “We have evolved from our roots in data storage and established the company as a leading provider of converged infrastructure solutions that is well positioned for continued success.”
For more details, see the full press release here:Read More