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ATSG Acquires DatAvail Infrastructure Management Business Unit
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ATSG Acquires DatAvail Infrastructure Management Business Unit
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RunTide Capital Expands Investments Into ATSG
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NEW YORK, Feb. 11, 2021 /PRNewswire/ ATSG, a leading, tech-enabled managed services and solutions company, announced today the ongoing strategic investment into the company by RunTide Capital, a premier private equity firm focused on building tech-enabled growth companies. The new investment will provide direct access to significant dedicated capital for ATSG s planned future growth and expansion.
RunTide s initial investment in the company set the foundation for the strong growth strategy that ATSG commenced several years ago. With access to over $200 million of capital including modest leverage and an additional investment by RunTide Capital, with the financial backing of investment funds managed by Morgan Stanley AIP, ATSG is well-positioned as an important acquirer in the rapidly growing and fractionalized IT Services sector.