Brown Gibbons Lang & Co. has sold CSAT Solutions Holdings LLC, a portfolio company of CAI Capital Partners, to Insight Equity Holdings LLC. BGL's Diversified Industrials team served as the exclusive financial adviser to CSAT in the transaction. The specific terms of the transaction were not disclosed.
Houston-based CSAT provides fully-integrated electronic and digital device diagnostics and repair solutions. The company serves diverse end markets such as consumer electronics, industrial equipment and components, and medical devices and equipment. CSAT operates the world's only all-in-one notebook computer repair center, offering a complete end-to-end solution that enables customers to consolidate their aftermarket supply chains and realize substantial cost savings.
"The senior team at BGL really understood our business and end markets and successfully communicated our value proposition to the buyers that participated in the process,” CSAT President and CEO Dick Van Deventer said in a statement.
BGL's Head of Diversified Industrials Andrew K. Petryk added: "BGL's deep experience in the industrial technology space allowed us to be quick studies of the business and to leverage our experience and relationships to drive value. With Insight Equity as its new partner, CSAT is poised to expand its leadership position in North America and invest to grow its customer base and expand into new markets."