McCarthy Group, WaittCorp and the Management of CoSentry.net Partner to Capitalize and Position the Company for Growth
OMAHA, Neb.--(Business Wire)--
McCarthy Capital Corporation recently joined management and its
partner, WaittCorp, LLC in capitalizing the growth of CoSentry.net,
LLC, an Omaha based provider of business continuity and managed
technical services.
CoSentry provides technology solutions to regional and national
businesses. These solutions include secure data centers,
disaster-recovery services, and managed IT services. CoSentry has
regional offices in Omaha, Kansas City, and Sioux Falls.
"We are very excited to partner with McCarthy Capital and to
continue our partnership with Waitt," said Mike Steffan, CEO of
CoSentry. "McCarthy brings us capital, strategic resources, and an
excellent track record in growing businesses through partnerships with
management."
The investment in CoSentry is consistent with McCarthy Capital's
investment strategy - partnering with proven management teams at
leading companies in high-growth markets. McCarthy Capital's
investment will support CoSentry's plan for organic expansion and
growth through acquisitions.
"We are pleased to partner with CoSentry's employee owners and our
good friends at WaittCorp," said Dana Bradford, president of McCarthy
Capital Corporation. "We believe CoSentry's people, proprietary
technology and breadth of service offerings provide a substantial
opportunity for growth."
About McCarthy Capital
McCarthy Capital Corporation is an Omaha, based private equity
firm with approximately $1 billion under management. McCarthy Capital
is a subsidiary of McCarthy Group, LLC.
About WaittCorp, LLC
WaittCorp was founded in 1998 as a holding company for Chairman
Norm Waitt, Jr.'s investments and such operating companies as: NRG
Media, Gold Circle Films, Waitt Outdoor, and Waitt Interactive.
WaittCorp. also has investments in real estate, energy, public
securities, and private securities.
McCarthy Group, LLC
Katrina Mathews, 402-991-8411
kmathews@mccarthygroup.com
http://www.mccarthygroup.com
Copyright Business Wire 2008
