a member of
Intelex is based in Carmel, Ind., and specializes in the installation of advanced voice, data and technology systems – with particular expertise in large, multi-location rollouts for sizeable retail organizations including CVS Pharmacy and Walgreens. The combined company expects to have revenues of approximately $75 million in 2006. The acquisition, finalized on Aug. 22, 2006, will allow management to expand its reach across North America and its competitive presence in the retail market in particular. Paul Kaub, Jr., founder of Intelex, announced his retirement, effective immediately. John Ringis was named vice president of operations, Carmel.
About Comm-Works Holdings LLC
Comm-Works, a portfolio company of Morgenthaler, is a leading North American provider of enterprise voice and data solutions for the retail, financial services, government services, healthcare, manufacturing and transportation industries. As a single-¬source provider of network infrastructure services, Comm-Works dedicated 24/7 service, real time Web-based project management, full range of scalable voice and data services and on¬site support provided by a network of 5,000 service partners and 20,000 fully certified technicians makes it the only service provider in the marketplace with this unique value proposition. The company currently provides service and support for over 175,000 customer sites. Its customers include American Eagle, Michael’s Arts & Crafts, GMAC, Brinks Home Security and Alamo/National Rent-A-Car. For more information, go to www.comm-works.com.
Morgenthaler is a leading, national buyout and venture ¬capital firm with offices in Boston, Mass.; Boulder, Colo.; Cleveland, Ohio; Menlo Park, Calif.; and Princeton, N.J. The firm has approximately $2.5 billion under management and has funded more than 250 companies over its 38 year history. For more information, go to www.morgenthaler.com.
FOCUS, founded in 1982 in Washington, DC, provides a range of investment banking services tailored to the needs of middle market businesses. Today the firm is national in scope, serving clients from offices in major cities across the United States. FOCUS specializes in transactions for entities with $5-300 million in revenues, serving entrepreneurs, corporate owners, and investors across a broad range of industries. As of August 2006, FOCUS has 24 investment banking professionals in its four offices in Atlanta, Chicago, San Francisco, and Washington, DC. The Intelex transaction was led by Douglas Rodgers, CEO of FOCUS, who is currently serving clients in commercial and government IT/integration & communications, security, transportation and aerospace sectors.