We are confident that Torres will thrive under the new ownership.
WESTPORT, Conn. (PRWEB) August 22, 2019
On June 5, 2019, Bootstrap Capital LLC and Steve Hartsuff completed the acquisition of Torres Advanced Enterprise Solutions, LLC (TAES), a global security, cyber security, information technology and software consulting firm headquartered in Washington, DC, in an all-cash transaction. Westbury Group LLC acted as the exclusive financial advisor to TAES. Westbury worked closely with the owner of TAES, providing strategic advice, managing the preparation of information materials, soliciting and evaluating offers, negotiating terms and coordinating due diligence. It also worked closely with the company’s legal advisor, Vandeventer Black LLP, in negotiating the purchase agreement and related documents.
The deal was led by Westbury bankers Alan Carter and Patrick Huddie, who focus on government services transactions.
Dr. Huddie said, “It was a pleasure to complete this transaction with the capable and committed Bootstrap team. We are confident that Torres will thrive under the new ownership."
About the Westbury Group
Westbury Group LLC (http://www.westburygroup.com) is an investment bank dedicated to providing exceptional financial and strategic advisory services for premier middle-market companies. Headquartered in Westport, Connecticut, Westbury’s bankers serve clients across the country. Westbury’s finance professionals bring transactional and real-world operations experience to engagements in a range of industries, including technology/media/telecom, manufacturing, aerospace/defense, healthcare and consumer packaged goods/food. Drawing on this experience, Westbury’s senior-level banking teams work on transactions ranging from $15 million to $300+ million, assisting clients with mergers, acquisitions, raising equity capital, and supporting management and boards with advisory services, including fairness opinions, valuations and strategic counsel. By remaining focused and independent, Westbury Group looks to serve its clients’ needs first. Westbury Group is a FINRA-registered Broker-Dealer.
About Torres Advanced Enterprise Solutions
Torres Advanced Enterprise Solutions (TAES) is a global security, cyber security, information technology and software consulting firm headquartered in Washington, D.C. with a global presence in Africa, Asia, the Americas, Europe and the Middle East. Torres serves the highest levels of U.S. and foreign governments and commercial enterprises around the world. Our personnel consistently go the extra mile to provide reliable and comprehensive services to our clients regardless of the challenge. As a result, Torres has been named an Industry Leader in Government and Commercial Services by Inc. and Smart CEO magazines eight times since 2008.
About Bootstrap Capital
Bootstrap Capital is a private equity firm that respects the accomplishments of bootstrapping entrepreneurs and seeks to honor their legacies. We grow the companies they built and celebrate the legend of how they built them. We acquire and operate small business services and distribution companies at a point in their evolution where they could benefit from a change in leadership.