Dubin Clark Announces Recapitalization of Atomic Data, LLC and Foundation Technologies, LLC
10 September 2024 - 6:48AM
Business Wire
Dubin Clark has successfully recapitalized Atomic Data, LLC
and Foundation Technologies, LLC, two leading Managed Service
Providers delivering turn-key solutions for sophisticated and
complex IT environments
Dubin Clark & Company, a private equity firm focused on the
lower middle market, announced today that it has formed a new
holding company which invested in both Atomic Data, LLC and
Foundation Technologies, LLC.
Comprised of two business units, Atomic Data, LLC and Foundation
Technologies, LLC, the company specializes in providing
custom-tailored technology solutions to clients with complex IT
infrastructure needs. The Minneapolis-based business services a
diverse client base across a variety of end markets, providing
managed IT services, cybersecurity, infrastructure engineering,
software development and monitoring, along with hardware repair and
inventory management services, among others.
Brent Paris, Managing Partner at Dubin Clark, and Thomas
Cooperrider, Principal at Dubin Clark, shared that “both Foundation
and Atomic Data have fostered an unmatched culture centered around
providing exceptional service, which has led to their industry
leading levels of retention for both customers and employees. It’s
exciting to bring both companies into the Dubin Clark family and
begin the work of fueling additional growth.”
“The growth investments that have been made possible by Dubin
Clark will allow us to enhance the premier service offerings
currently offered to our clients,” shared Chris Heim, CEO of the
combined company. “It is my intention to build upon the strong
legacy at the business to propel the company to new heights while
continuing to invest in innovative new product and service
offerings for our clients throughout North America.”
Lawrence Patterson, co-founder of Atomic and ongoing shareholder
in the company said, “We could not be happier with the decision to
bring on a values-oriented partner such as Dubin Clark in order to
preserve what I and so many others have contributed to building
over the last two-plus decades. This investment will allow the
company to enter into a new phase of growth while maintaining the
highest standards for quality of service in the industry.”
Hennepin Partners served as the exclusive financial advisor to
both Atomic Data and Foundation Technologies for this
transaction.
About Dubin Clark
Established in 1984, Dubin Clark is a private equity firm with
offices in Jacksonville Beach, FL (HQ) and Miami Beach, FL. The
Dubin Clark team is led by experienced private equity professionals
who bring decades of success in lower middle market investing.
Dubin Clark targets lead or control investments in Branded Niche
Manufacturing, Residential Services, Event Services, and
Technology-Enabled Business Services companies with at least $5
million in sales. The firm’s mission is to create value by helping
companies grow through a coordinated approach that includes
providing capital to support internal growth, completing
complementary add-on acquisitions to build market position, and
helping to develop new strategies for the future while protecting
the independence, culture, and values that made the company
successful. For additional information, visit
http://www.dubinclark.com.
About Atomic Data, LLC
Atomic Data, trusted IT provider for hundreds of enterprises,
sports teams, and large venues, is on a mission to deliver
always-on, custom-tailored technology solutions and objective IT
leadership. https://www.atomicdata.com/
About Foundation Technologies, LLC
Foundation Technologies is a IT services provider focused on
supporting the Apple ecosystem of small businesses, geographically
diverse retail brands, and enterprise organizations.
https://www.fndtn.com/
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