TowerBrook Capital Partners has agreed to acquire CBTS from altafiber, enhancing CBTS's growth potential in the North American IT services market.

Target Company Overview

altafiber is a provider of integrated communications solutions, operating a robust fiber-optic network to serve residential and business customers across Ohio, Kentucky, and Indiana. In a strategic move, altafiber announced the acquisition of CBTS by TowerBrook Capital Partners. CBTS, founded in 1994 and headquartered in Cincinnati, Ohio, is recognized as a leading North American provider of IT solutions and services, primarily catering to enterprise and upper middle market clients.

With a workforce comprising over 2,200 employees and 2,000 contractors engaged in active projects, CBTS boasts a vast network of over 40,000 contractors worldwide. The acquisition by TowerBrook is expected to open new market opportunities and enhance CBTS's portfolio of products and services, providing a strong foundation for future growth.

Industry Overview in North America

The IT services industry in North America has experienced significant transformation and growth over recent years, driven by increasing demand for digital solutions across various sectors. En