NEW YORK, N.Y., Oct. 22, 2015 (GLOBE NEWSWIRE) -- Presidio LLC ("Presidio" or the "Company") announced today that it has sold its Atlantix Global Systems subsidiary, a leading reseller of reconfigured and refurbished IT and telecom equipment, to an equity group led by Millstein & Co. LP, a diversified investment management and financial services firm.
"We are pleased for Brian Glahn and his team at Atlantix for their new chapter with a great partner," stated Bob Cagnazzi, CEO of Presidio. "Atlantix's business is not core to Presidio and I believe the Millstein group can take them to the next level."
Presidio was advised by its outside legal counsel Wachtell, Lipton, Rosen & Katz in the transaction.
Presidio is the leading provider of professional and managed services for advanced IT solutions. By taking the time to deeply understand how our clients define success, we architect enduring technology solutions that address their business needs. Our approach blends the credibility to deliver practical results today, with the creativity to drive the business visions of tomorrow. More than 2,400 Presidio IT professionals, 1,500 of which are engineers with over 2,000 industry leading certifications, are based in 55+ offices across the US. We serve our clients through a unique, local delivery model while capitalizing on our scale as a multi-billion dollar industry leader. We are passionate about driving results for our clients and delivering the highest quality of service in the industry. Presidio is owned by funds affiliated with Apollo Global Management, LLC (NYSE:APO). For more information visit: www.presidio.com.
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