CableOrganizer.com, an online retailer of electrical, telecom/datacom/networking and home theatre, cable and wire management products, has announced the majority stake investment and acquisition by KT Capital Partners LP and CapitalSouth Partners Funds. CableOrganizer.com has concurrently appointed a new CEO, Gerald P. Quindlen, who previously served as president and CEO of Logitech. Both company co-founders, Valerie and Paul Holstein, former CEO and COO respectively, will retain a minority ownership position in the new company.
According to Quindlen, the acquisition will allow the company to accelerate its "already strong growth rate".
"The shift will maximize customer satisfaction and vendor relations in key areas, such as more on time deliveries, better price, broader product selection, additional expert advice, longer phone support hours, more generous credit terms, and other such service-driven enhancements, while also allowing the company to more effectively compete in a broad range of categories to become the most comprehensive, one-stop online product purveyor in the industry," he said.
"The fresh and broader depth of experience and expertise brought in by KT Capital Partners and CapitalSouth Partners Funds, coupled with the broad leadership and operational experience of the new company CEO Gerald Quindlen, will help CableOrganizer.com establish, sustain and elevate its position as a leading online retailer in all applicable product categories, including all telecommunication, low voltage, networking and server room supplies," added Paul.
KT Capital Partners is a private investment firm, which invests in both existing and new management teams. CapitalSouth Partners was founded in 1998 and provides private equity and mezzanine capital to lower middle-market companies. Since its inception, CapitalSouth has invested in more than 70 companies.
