Key Takeaways
- • Altamont Capital Partners announced it has made an equity investment in CESO, Inc., a Dayton, Ohio-based architecture and engineering services provider, per a Business Wire release.
- • CESO serves national, multi-site customers with roughly 600 employees across 16 offices, with clients in logistics and distribution, automotive, and convenience and grocery.
- • LeadWise, CESO's current parent, will remain a significant investor after the transaction.
- • Financial terms were not disclosed; AEC Advisors advised Altamont and Capstone advised CESO, with BMO and Churchill Asset Management providing financing.
Summary
Altamont Capital Partners, a private investment firm focused on business services, industrials and financial services, has made an equity investment in CESO, Inc., according to a company announcement distributed by Business Wire. The partnership is intended to let CESO serve clients better while continuing to invest in its people and capabilities. LeadWise, CESO's current parent company, will remain a significant investor and continue to support the company's long-term growth.
Founded in 1987 and headquartered in Dayton, Ohio, CESO provides architecture, engineering and surveying services to customers across the United States. The company employs approximately 600 people across 16 offices and serves multi-site operators, including leading national brands, in logistics and distribution, automotive, and convenience and grocery. Its ability to act as a single point of contact for customers managing large volumes of projects across multiple locations is central to its positioning.
Altamont plans to support CESO's existing management team, led by CEO Steve Olson, as it pursues its next phase of growth. Stated priorities include investing in talent, expanding capabilities, broadening geographic presence and extending services into additional end markets. Wandé Olabisi, Managing Director of Altamont, said national customers require a partner that can deliver consistently across hundreds of locations, and that Altamont aims to deepen existing relationships and bring CESO's capabilities to new customers.
Altamont, founded in 2010 and headquartered in Palo Alto, California, describes itself as a lower-middle-market investor that makes long-term control investments. The firm says it has invested in more than 50 companies and manages over $4 billion of capital. Financial terms of the transaction were not disclosed. AEC Advisors served as exclusive financial advisor to Altamont, with Ropes & Gray and Morrison & Foerster as legal counsel. Capstone served as exclusive financial advisor to CESO, with Taft as legal counsel. Financing was provided by BMO and Churchill Asset Management.
Founded in 1987 and headquartered in Dayton, Ohio, CESO provides architecture, engineering and surveying services to customers across the United States. The company employs approximately 600 people across 16 offices and serves multi-site operators, including leading national brands, in logistics and distribution, automotive, and convenience and grocery. Its ability to act as a single point of contact for customers managing large volumes of projects across multiple locations is central to its positioning.
Altamont plans to support CESO's existing management team, led by CEO Steve Olson, as it pursues its next phase of growth. Stated priorities include investing in talent, expanding capabilities, broadening geographic presence and extending services into additional end markets. Wandé Olabisi, Managing Director of Altamont, said national customers require a partner that can deliver consistently across hundreds of locations, and that Altamont aims to deepen existing relationships and bring CESO's capabilities to new customers.
Altamont, founded in 2010 and headquartered in Palo Alto, California, describes itself as a lower-middle-market investor that makes long-term control investments. The firm says it has invested in more than 50 companies and manages over $4 billion of capital. Financial terms of the transaction were not disclosed. AEC Advisors served as exclusive financial advisor to Altamont, with Ropes & Gray and Morrison & Foerster as legal counsel. Capstone served as exclusive financial advisor to CESO, with Taft as legal counsel. Financing was provided by BMO and Churchill Asset Management.
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