XLCS Partners advises CyberGuard Compliance on its sale of assets to Atlantic Street Capital

Founded in 2009, CGC is a one-stop provider of nondiscretionary IT compliance and cybersecurity solutions, including SOC, HITRUST™ and PCI audits; vulnerability assessments; penetration testing; and other compliance/cybersecurity services for businesses ranging from small businesses to Fortune 500 companies. Unlike many competitors, CGC focuses exclusively on IT compliance and cybersecurity audits, assessments, and related services.

ASC is a private equity firm that invests in lower middle market companies ready for the next level of growth. The firm targets enterprising management partners and fundamentally sound companies between $4 million and $25 million of EBITDA that will benefit from ASC’s capital investment and value-added strategic and operational support. Therefore, ASC works closely with management to unlock the underlying value of their business and help them succeed.

“The XLCS team, led by Antoine Contaldowas extremely responsive to our needs and very professional with all key stakeholders involved in the transaction,” commented Jim Jimenezmanaging partner of CGC.

“Given the attractiveness of CGC, we knew we had to engage the right investment banking partner to manage the overwhelming interest from potential investors,” said Tim Roncevich, managing partner of CGC. “XLCS has proven to be a fantastic partner for CGC, enabling us to find the right private equity firm to accelerate growth in the future.”

XLCS acted as exclusive M&A advisor to CGC and the transaction was led by Antoine Contaldo, Partner. The transaction has been concluded June 13, 2022.

About XLCS Partners, Inc.
XLCS Partners is an investment banking firm providing M&A advisory services to selected clients globally. More information is available at www.xlcspartners.com.

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SOURCEXLCS Partners, Inc.