#USA #Mesa #Northrim Horizon #ACG Systems #Thomas Montalbano

Northrim Horizon Expands Its Reach with ACG Systems Acquisition

Northrim Horizon, a prominent permanent capital investment firm located in Arizona, has recently made headlines with its strategic acquisition of ACG Systems, a Maryland-based technical service provider specializing in mission-critical wireless communication systems. This acquisition marks a significant milestone as it becomes the third platform acquisition for Northrim's Fund III.

Partnership for Growth

The management at Northrim expressed excitement about this new partnership. Brad Gulbrandsen, Managing Partner at Northrim Horizon, emphasized the strong reputation ACG has built over three decades as a trusted service provider for numerous large commercial and government entities. He stated, “The Company has an incredible track record of service delivery for its customers across indispensable communication systems and equipment. Northrim looks forward to helping the business maintain its stellar reputation and grow into additional customer, technology, and market opportunities.”

With this acquisition, Northrim aims to propel ACG's existing capabilities and facilitate further growth in the wireless communications sector. The firm’s approach underscores its commitment to reinvesting earnings to develop its personnel, processes, and technological assets for long-term value.

A New Leadership Era

In conjunction with the acquisition, Northrim has appointed Thomas Montalbano as CEO of ACG. Mr. Montalbano brings a wealth of experience from McKinsey & Company, together with a solid educational background featuring an MBA from Harvard Business School. His prior role as a Marine infantry officer adds a unique perspective and leadership quality to the company. Notably, Bob Dick and Tim Carney, who have been integral to ACG's leadership since 2005, will continue in their roles, ensuring a smooth transition and sustained momentum within the firm.

Crawford Gates, Principal at Northrim, praised ACG's engineering expertise and highlighted that the company's growth has been phenomenal thanks to recognition of the increased need for updated domestic wireless infrastructure and supportive legislation.

Future-focused Initiatives

As ACG Systems embarks on this new chapter, it aims to establish itself as the leading dedicated provider of integrated communication system services. This vision will involve forming new partnerships within the industry, acquiring cutting-edge technologies, and expanding its service capabilities.

Since its inception in 1995, ACG has built a reputation for delivering technical integration and field support across various sectors, including aerospace, defense, healthcare, and infrastructure. Its diverse expertise in both analog and digital communication solutions positions it well to adapt to the evolving needs of its clientele.

About Northrim Horizon

Northrim Horizon is committed to acquiring and managing successful service and software businesses. Located in Mesa, Arizona, the firm focuses on building sustainable value over time through strategic investments. More information can be found on their official website, Northrim Horizon.

The acquisition of ACG Systems not only illustrates Northrim's strategy for growth but also reaffirms its long-term commitment to strengthening its portfolio in the essential realm of communication services. As the company moves forward, stakeholders and customers alike can anticipate innovative advancements and expanded services that enhance the communication infrastructure critical for various sectors.