Northrim Horizon Expands with ACG Systems Acquisition
Northrim Horizon, an Arizona-based investment firm, has successfully acquired ACG Systems, a leading systems integrator focused on mission-critical wireless communication solutions. This significant acquisition marks Northrim's third move under its Fund III initiative.
The acquisition of ACG Systems, known for its robust technical service provider role in the defense and commercial sectors, is expected to bolster Northrim's position in the wireless communication services landscape. ACG has a long-standing history of delivering trusted services to major commercial and governmental clients, demonstrating an impressive performance record.
Brad Gulbrandsen, Managing Partner at Northrim Horizon, expressed enthusiasm about the partnership: "We are excited to collaborate with the ACG team. ACG has been instrumental over the years, delivering invaluable service across essential communication systems. Our goal is to support them in maintaining their exceptional reputation while exploring new customer and market opportunities."
Northrim has appointed Thomas Montalbano as the new CEO of ACG Systems. Mr. Montalbano comes from a prestigious background at Mckinsey & Company and holds an MBA from Harvard Business School. His leadership over the existing management team is expected to catalyze ACG's expansion and growth. The current co-leaders, Bob Dick and Tim Carney, will continue in their roles, maintaining continuity while leveraging Montalbano's expertise.
Crawford Gates, a Principal at Northrim Horizon, highlighted ACG's impressive growth trajectory driven by its world-class engineering capabilities. Recent increases in public awareness regarding domestic wireless infrastructure needs, coupled with supportive legislation, are poised to further elevate ACG's growth potential. Gates stated, "We acknowledge the substantial achievements of ACG and are dedicated to enhancing its future prospects."
As part of its strategic vision, ACG is on the lookout for opportunities to emerge as the predominant provider of integrated communication services. Ongoing efforts will focus on forming partnerships and acquiring cutting-edge technologies and service capabilities.
About ACG Systems
Founded in 1995, ACG Systems has built a solid reputation across diverse industries, including commercial aerospace, government, defense, healthcare, and infrastructure. The company specializes in technical integration and field support, providing a broad range of analog, digital, and IP communication solutions.
About Northrim Horizon
Northrim Horizon is dedicated to acquiring and operating high-quality service and software businesses. Their long-term approach focuses on generating value by reinvesting profits into their workforce, processes, and technology advancements. Located in Mesa, Arizona, Northrim is positioned to continue its growth and impact in the investment landscape.
Frequently Asked Questions
What is the significance of Northrim's acquisition of ACG Systems?
This acquisition expands Northrim's portfolio in the wireless communication services sector, enhancing its capabilities and market reach.
Who is Thomas Montalbano?
Thomas Montalbano is the newly appointed CEO of ACG Systems, bringing extensive experience from Mckinsey & Company and a solid academic background.
What sectors does ACG Systems serve?
ACG Systems operates across a variety of sectors, including commercial aerospace, defense, and healthcare, providing vital communication solutions.
How does Northrim Horizon define its growth strategy?
Northrim Horizon focuses on acquiring profitable businesses and reinvesting in its employees and technology to foster long-term growth.
What impact does ACG's growth have on local industries?
The growth of ACG Systems is likely to stimulate local industries by increasing demand for communication systems and technology services.
