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Bunker Hill Money, a major Boston-dependent private fairness investor in lower center market place organizations, declared it has bought Taos Mountain LLC (“Taos” or the “Company”), a San Jose, CA based multi-cloud consulting organization to IBM.
Bunker Hill Cash acquired Taos in August 2015 and was joined in the transaction with fairness, senior financial debt and subordinated personal debt financing from Ric Urrutia, Abacus Finance Team, GMB Capital Associates and Brookside Mezzanine Companions.
“From the day we closed, we have had a wonderful performing connection with the Taos staff,” mentioned Rufus Clark, a Taking care of Partner at Bunker Hill Capital. “Ric Urrutia, founder of Taos, was a legitimate spouse from day a person as we labored jointly to establish and execute on a strategic strategy. Choosing Hamilton Yu, the existing CEO, to guide the transformation of Taos from principally on-premise to multi-Cloud and hybrid was a critical determination. We would also like to admit the unbelievable efforts of the relaxation of the senior workforce, including Patty Shrum, Peter Newton, Trish Palumbo, Aditya Joglekar and Kevin O’Hare.”
Urrutia, co-founder and Govt Chairman of Taos, added “Back in 2015, rolling a considerable total of fairness and committing to having Taos to the future level was my main aim. Picking the ideal strategic partner was the one most crucial selection to make and Bunker Hill stood out among their friends on all fronts. Under Bunker Hill’s management, we developed a multi-calendar year strategic prepare to grow the company’s abilities from largely on-premise infrastructure to multi-cloud and hybrid. The transformational journey Taos has absent via these earlier 5 decades has been practically nothing short of amazing, culminating in this acquisition by IBM. The Bunker Hill group lived up to my expectations and without having them this could not have occurred.”
Hamilton Yu, CEO of Taos, stated “It’s been an interesting previous four several years because signing up for Taos. I was enthusiastic to deliver my expertise and working experience about the public cloud to drive Taos’s general public cloud transformation. The execution of our strategic initiatives allowed us to establish Taos as one particular of the strongest multi-cloud consulting and managed expert services firms in North America. The acquisition by IBM allows us to continue serving our shoppers as well as get the business enterprise to the next stage.”
Advisors to Bunker Hill Capital and Taos involved Barclays Money Inc., as expense banker, and Morgan Lewis & Bockius, as lawful counsel.
About Taos Mountain LLC
Headquartered in San Jose, California, Taos is one of the major multi-cloud consulting and managed solutions corporations in North The us. The organization brings 30 several years of encounter with top brand names throughout technological innovation, monetary services, healthcare, retail, transportation and education and learning. A foremost adopter of general public cloud technologies, Taos forged sturdy partnerships with Amazon Net Expert services, Google Cloud System, and Microsoft Azure to deliver data center migration, system engineering and hybrid cloud managed companies. Taos is identified as an industry leader and positioned on the Gartner Magic Quadrant for Public Cloud Infrastructure Professional and Managed Products and services.
About Bunker Hill Money
Bunker Hill Capital is a Boston-based personal fairness company that would make investments in decrease middle marketplace businesses with business values up to $150 million. The principals of Bunker Hill Capital have invested around $570 million in 35 transactions and goal prospects across multiple sectors, including industrial solutions, enterprise solutions and client goods. For a lot more details about Bunker Hill Cash, be sure to go to www.bunkerhillcapital.com.
Source: Bunker Hill Money