Rich Fennessy

Rich Fennessy

The latest issue of Executive Perspective features Rich Fennessy, CEO of Trace3, and third-time participant in martinwolf‘s Executive Perspective (he was featured with Kudelski Security and FishNet Security). Rich Fennessy has a proven track record as the CEO of numerous leading international IT businesses over the last 30+ years. In this issue, he dives into how his prior role as the CEO of Switzerland-based Kudelski Security and US-based FishNet Security differs from Trace3 and how Trace3 differentiates itself in the crowded IT marketplace. He discusses his transition to CEO at Trace3 and how he expects to move the company forward by introducing new solution capabilities and geographic expansion. Fennessy also shares his thoughts on trends in the IT industry and how he sees Trace3 positioned to serve the emerging needs of their clients.

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24 Apr 2024

Celestica (NYSE: CLS) to Acquire NCS Global from Heritage Holding

Financial Information Enterprise Value: $36M (and a possible earnout payment should certain post-closing financial conditions be met) Transaction Details Celestica has entered into a definitive agreement to acquire NCS Global, a US-based IT infrastructure and asset management business. The transaction is expected to close in May 2023 or earlier, subject to satisfaction of customary closing...

02 Apr 2024

CD&R to Acquire Presidio from BC Partners

Financial Information Not Disclosed Transaction Details Clayton Dubilier & Rice (CD&R) and BC Partners announced on April 2, 2024, that they have entered into a definitive agreement under which CD&R will acquire a majority ownership of Presidio. Funds affiliated with BC Partners will retain minority ownership interest. The transaction is expected to close in the...

06 Feb 2024

NWN Carousel acquired by American Securities

Financial Information Revenue: Approx. $900 million Enterprise Value: N/A Transaction Details NWN Carousel announced a transition of ownership from New State Capital Partners to affiliates of American Securities. This transition represents the success of significant investment, organic growth, M&A execution, operational excellence and innovation under ownership of New State Capital Partners. NWN Carousel developed a...