Atlantic Street Capital-Portfolio Company Uniguest Continues Expansion in Hospitality and Office Sectors with Two Acquisitions

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Apr 04, 2016, 09:00 ET

STAMFORD, Conn., April 4, 2016 /PRNewswire/ -- Atlantic Street Capital, a private equity firm targeting entrepreneurial businesses poised for the next level of growth, announced today that its portfolio company Uniguest, a leading provider of managed technology solutions for the hospitality industry, completed two acquisitions as part of its ongoing strategy to build a diversified national footprint in the hospitality sector and begin its diversification into new industry verticals.

Nashville-based Uniguest acquired Ascension Software, Inc. and the secure kiosk division of Eleven, Inc. which individually serves separate and complementary markets within the hospitality sector. With these acquisitions, Uniguest broadens its market penetration into the office segment.

Brian Cooper, Partner at Atlantic Street Capital, said, "These transactions are transformational and further solidify Uniguest's market leading position within hospitality and broaden its footprint among other major hotel brands and locations. Uniguest is now the industry's leading technology platform with the scale and broad range of services that hotels desire to maintain their competitive advantage with clients, helping evolve their offerings to new and innovative solutions to enhance the overall guest experience. In addition, we expect to leverage our competencies of managing technology in opportunities outside hospitality."

About Uniguest

Uniguest is the leading provider of secure fully managed technology solutions to the hospitality industry, backed by world-class service delivery and 24/7/365 support. Uniguest's solutions include secure public-use computers, static and interactive digital signage, kiosks and purposed tablets. Uniguest manages more than 25,000 guest-facing technology devices in nearly 15,000 client locations across more than 60 countries for many of the world's most recognizable brands. For more information, visit www.uniguest.com or email [email protected].

About Atlantic Street Capital

Atlantic Street Capital is a private equity firm that invests in middle market companies with between $25 and $150 million in revenue. The firm invests in fundamentally sound companies that will benefit from capital investment and value-added strategic and operational initiatives. Atlantic Street Capital's partners are hands-on investors who work closely with management to unlock their business' underlying value and help them succeed. The firm is currently investing from Atlantic Street Capital Partners, L.P. III. For more information, visit www.atlanticstreetcapital.com.

Contact: Chris Tofalli
Chris Tofalli Public Relations, LLC
914-834-4334

SOURCE Atlantic Street Capital