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Mirus advises Alpine management team on MBO with William E. Simon & Sons

Alpine-Mellon

Alpine Computer Systems, Inc. has announced a $35 million investment from the private equity firm William E. Simon & Sons, together with Mellon Ventures.  The management team at Alpine has raised the capital to finance a buy-out of the business from parent company Adecco, pay down debt, and provide cash to support an acquisition strategy.

Alpine, a provider of remote network management services and IT systems integration, was first acquired by Computer People, which was itself acquired by Adecco, a multi-national professional staffing firm. After several years as a subsidiary, Alpine’s managed services business was clearly not a fit with Adecco’s global strategy, and as a consequence, Adecco determined to divest the business.

The management team and founders of Alpine made an offer to buy the business back, and needed to quickly raise capital to finance both the acquisition and their growth strategy for the business.  Mirus was retained to represent Alpine, and within 90 days had structured a deal including of debt and equity from William E. Simon & Sons and Mellon Ventures.

About Mirus Capital Advisors

Mirus Capital Advisors provides investment banking solutions to corporate clients in technology, business services, manufacturing, consumer products, health care, and the resort & hospitality industry. Since 1987, Mirus has provided corporate finance advisory services on engagements including mergers, acquisitions, divestitures, recapitalizations, and valuations. For additional information, visit www.merger.com.

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