Clearlake Capital Buys Tolt Services Group

Santa Monica-based private equity investor Clearlake Capital said this morning that it has acquired Tolt Services Group, an outsource, IT services company, and merged it with Kyrus Solutions, to form a new company called Tolt Solutions. Financial details of the deal were not announced. According to Clearlake Capital, the deal will create a new company with approximately 900 retail IT consultants, who provide retail point-of-sale, self-service and wireless mobility development and solutions along with deployment and maintenance services, network management solutions, and other managed services. Tolt will be based in Greenville, South Carolina.