TowerBrook completes acquisition of CBTS
Beginning a new chapter of independence and growth
We are excited to announce that CBTS has officially become an independent company, following our acquisition by TowerBrook Capital Partners (TCP). This transition marks a significant milestone in our journey, allowing us to focus on our mission to help our clients transform with vigor and commitment.
TowerBrook Capital Partners shares our vision of building excellent companies that make a positive impact on our employees, clients, and our community. Their approach is rooted in a commitment to protect and grow the savings of investors and their families. By partnering with our management team and employees, TowerBrook empowers us to enhance our operations and expand our capabilities, ensuring that we continue to deliver exceptional value to our clients and stakeholders.
Our commitment to responsible ownership
At CBTS, we believe that responsible ownership is not just a principle; it’s a cornerstone of excellent business practice. By aligning our values with TowerBrook’s, we are poised to create sustainable growth that benefits all stakeholders. Together, we will demonstrate that ethical practices and a focus on societal impact can drive success and innovation.
Building on a long history of success
For nearly 40 years, CBTS has served thousands of clients with the expertise of 2,500 employees, generating over $1 billion in revenue annually. We partner strategically to solve unique technology challenges and offer vendor-neutral solutions tailored to our clients' goals. From strategy through execution, CBTS delivers comprehensive business results for transformative IT initiatives.
Our team and leadership
Our leadership team is committed to ensuring CBTS exceeds client and stakeholder expectations. With the acquisition's close, CBTS announces a new board of directors that includes industry visionaries who possess extensive experience in guiding technology companies through significant growth phases. The newly appointed board includes representatives from TowerBrook, CBTS, as well as independent appointees Abidali Neemuchwala, Rick Snyder, and Jerry Leamon.
Looking ahead
As we embark on this new journey, we remain dedicated to our clients, employees, and partners. CBTS President and CEO Jeff Lackey reflected on what TowerBrook’s support means for us going forward: “As CBTS embarks on this new chapter, our focus remains on delivering transformative technologies that help our clients navigate the complexities of the digital landscape.”
Thank you for being part of our story. Together, we are building a brighter future.
On joining forces with TowerBrook Capital Partners
"This partnership opens incredible opportunities for growth and innovation, allowing us to rapidly advance our offerings and continue to deliver outstanding results to enterprise organizations across North America and globally. " Jeff Lackey, President & CEO - CBTS
