Kelso

Canaccord Genuity Advises Kelso on its Growth Investment in Global Digital Transformation Consultancy Emtec

Canaccord Genuity is pleased to announce it has advised Kelso & Company on its growth investment in Emtec, Inc., a leading provider of IT consulting and digital services to medium and large enterprises. Kelso’s investment supports Emtec with additional resources and capital, as the company accelerates an already impressive growth trajectory in a highly attractive market.

Emtec has an outstanding reputation for providing highly complex digital solutions and services that leverage its broad technology services portfolio to help clients harness digital technology and process improvements designed to solve business problems, drive operational excellence, reduce risk, deliver innovation to their respective markets, and facilitate powerful customer experiences. Emtec’s approach is built on many years of experience delivering rapid, meaningful, and lasting business value. The partnership with Kelso will focus on continuing to develop the company’s differentiated capabilities, while thoughtfully broadening Emtec’s offering over time to address the diverse digital needs of the company’s current and future customers.

Kelso is one of the oldest and most established firms specializing in private equity investing. Since 1980, the firm has invested approximately $19 billion of equity capital in 139 transactions. Kelso was founded by the inventor of the Employee Stock Ownership Plan (ESOP) and, as a result, the principles of partnership and alignment of interest serve as the foundation of the firm’s investment philosophy. The firm benefits from a successful investment track record, deep sector expertise, a long-tenured and stable investing team, and a reputation as a preferred partner to management teams and corporate partners. Kelso is based in New York City.

Emtec’s existing management team, led by CEO Sunil Misra, will continue to lead the business going forward and will remain significant investors in the company alongside Kelso. In addition, John Castleman, formerly CEO of digital IT services firms Mobiquity and Alliance Global Services, will be joining Emtec’s board of directors as chairman. Dinesh Desai, Emtec’s outgoing chairman of the board, will continue to serve as a board member and remains a meaningful investor in the company.

Canaccord Genuity, with a team led by Sanjay Chadda, Ben Lunka, and Peter Sullivan, served as the lead financial advisor to Kelso. ​​​​​​​