Online datacom retailer gets new CEO amid acquisition
FORT LAUDERDALE, Fla. — CableOrganizer.com, an online retailer of electrical, telecom/datacom/networking, home theater, cable and wire management products, has been acquired by KT Capital Partners and CapitalSouth Partners Funds.
The company has appointed a new CEO, Gerald P. Quindlen, who previously served as president and CEO of Logitech. Company co-founders Valerie and Paul Holstein, former CEO and COO, respectively, will retain a minority ownership position in the new company.
"CableOrganizer.com has been in business for more than 11 years and has enjoyed sustained, record-breaking double digit growth and strong vendor relationships, even throughout the economic downturn that adversely affected the retail industry at large in recent years," said Holstein. "The fresh and broader depth of experience and expertise brought in by KT Capital Partners and CapitalSouth Partners Funds, coupled with the broad leadership and operational experience of the new company CEO Gerald Quindlen, will help CableOrganizer.com establish, sustain and elevate its position as a leading online retailer in all applicable product categories, including all telecommunication, low voltage, networking and server room supplies. In turn, KT Capital Partners and CapitalSouth Partners Funds benefit from a thriving e-commerce company with an aggressive growth trend."
KT Capital Partners is a leading private investment firm which invests in stable, established and growing companies. KT Capital invests in both existing and new management teams and assists in the growth and development of its company investments. CapitalSouth Partners was founded in 1998 to provide private equity and mezzanine capital to lower middle-market companies. Since its inception, CapitalSouth has invested in more than 70 companies. Through multiple committed funds, CapitalSouth actively seeks to invest in lower middle-market companies located throughout the U.S.
Prior to joining CableOrganizer.com, in addition to serving as the president and CEO of Logitech, Quindlen was a member of Logitech's board of directors. Quindlen joined Logitech after a lengthy career with the Eastman Kodak Company, where he served in a variety of sales, marketing and international management roles. He currently also serves on the advisory board to Overnear, a California-based social media company.
"CableOrganizer.com is a tremendous entrepreneurial success story due to the vision and drive of Paul and Valerie Holstein," Quindlen said. "This acquisition will allow the company to accelerate its already strong growth rate. The shift will maximize customer satisfaction and vendor relations in key areas, such as more on time deliveries, better price, broader product selection, additional expert advice, longer phone support hours, more generous credit terms and other such service-driven enhancements, while also allowing the company to more effectively compete in a broad range of categories to become the most comprehensive, one-stop online product purveyor in the industry."