DLT Solutions acquired by financal services, merchant banking firm
- By Mark Hoover
- Feb 02, 2015
Millstein & Co. has acquired DLT Solutions for an undisclosed amount.
Millstein & Co. is a diversified financial services and merchant banking firm whose private equity business focuses on control-oriented investments in the areas of financial investments, technology, industrial, consumer and technology-based business services, DLT said in a release.
As part of the transaction, Millstein & Co. operating partner Alan Smith will join DLT Solutions as president and CEO. He was formerly CEO at Westcon Group. Current DLT president Rick Marcotte will become vice chairman and will continue as a consultant to the company, DLT said.
In 2014, DLT expanded its cloud business and won spots on a number of contracts including SEWP-V and a Defense Department BPA for Red Hat products, the company said.
Mark Hoover is a senior staff writer with Washington Technology. You can contact him at email@example.com, or connect with him on Twitter at @mhooverWT.