SALINA — CXtec CEO Peter Belyea says the firm plans to create between 20 and 25 new jobs locally after acquiring a company in Georgia. He also noted that the exact number of positions is “yet to be determined.” Belyea’s comment was part of an Aug. 22 news release in which the company announced its […]
SALINA — CXtec CEO Peter Belyea says the firm plans to create between 20 and 25 new jobs locally after acquiring a company in Georgia.
He also noted that the exact number of positions is “yet to be determined.”
Belyea’s comment was part of an Aug. 22 news release in which the company announced its acquisition of Atlantix Global Systems, a Norcross, Georgia–based reseller of new, reconfigured, and refurbished information-technology (IT) equipment. Atlantix employs 110.
CXtec, the d/b/a name of CABLExpress Corp., didn’t release any terms of its acquisition agreement.
CXtec, which operates at 5404 South Bay Road in Salina, buys and sells used networking hardware, phones, and cabling.
“We believe this acquisition creates an industry-leading and dynamic organization that places us in a position to maximize the market,” Belyea contended. “As a full-service IT-lifecycle management company, we will strengthen the value we bring to our customers. The dedication and collective talent of our teams, reputations, and systems will create tremendous opportunities for both organic and inorganic growth.”
The addition of Atlantix accelerates CXtec’s “growth strategy” by adding server/storage products to its equal2new brand; strengthening its RapidCare offering; and allowing the company to enter the enterprise IT asset disposition (ITAD) space, said Belyea.
Belyea will be the CEO of the combined company, which will retain its world headquarters in Salina. Brian Glahn will remain president of Atlantix, whose operations will continue in Atlanta, focusing on the expansion of its server/storage and ITAD segments.
“We believe that Central New York is a great place for us to grow our business and remain committed to the community. As the integration progresses, we anticipate adding additional positions throughout the organization,” Belyea said.
CXtec’s acquisition announcement comes nearly a year after an affiliate of H.I.G. Capital, a Miami, Florida–based investment firm, acquired a “majority interest” in CXtec and sister company TERACAI Corp. in late August 2016.
H.I.G. Capital is a private-equity and alternative-asset investment firm.
