Clearlake Capital Group, a Los Angeles-based private equity firm, recently announced the formation of Tolt Solutions through a merger of Taylors-based Kyrus Solutions Inc. and Charlotte-based Tolt Service Group. Clearlake recently acquired Tolt Services, and had acquired Kryus Solutions in July.
The new company will employ approximately 900 experienced retail IT consultants and continue to serve over 37,000 customer locations throughout the United States and Canada.
“We are committed to building an even stronger global company via a combination of acquisition and organic growth, ultimately providing more dynamic and expanded services to our current and future customers,” said Keith Bradley, chairman and CEO of Tolt Solutions, in a release. “Retailers need a strong, reliable partner that will ensure the right technology and processes are in place to manage operations and improve store profitability. This merger immediately creates one of the largest independent providers of retail IT services and technology solutions in North America, resulting in increased coverage for our customers as well as an enhanced service offering.”
Each company has a background in providing managed services, technology solutions and application development. Tolt Solutions will offer 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.
