Centre Partners, a middle market private equity firm with offices in New York and Los Angeles, has completed a recapitalization of Midwest Mobility Solutions, a national authorized retailer for AT&T. The co-founders of the business, Matt Sharrak and Nash Khami, will continue to maintain a significant ownership stake and lead the business. Financial terms were not disclosed.
“Centre Partners is enthusiastic to partner with a very passionate and committed team,” said Bruce Pollack, managing partner of Centre Partners. “We believe MMS represents a highly attractive growth platform and is poised to capitalize on a number of compelling growth opportunities, including increasing its geographic footprint and expanding further into its existing and adjacent markets.” Mr. Pollack added, “MMS represents the latest partnership with founders, families and entrepreneurs who recognize the value of Centre Partners’ experience and operating resources.”
Sharrak said, “We are excited to partner with Centre Partners in the next chapter of growth for MMS. Centre Partners’ deep industry experience and long history of successfully collaborating with founders makes them an ideal partner for our business,” Khami added, “We could not be more excited about the growth prospects for our business, and we look forward to capitalizing on the significant opportunities available to MMS and AT&T.”
Akerman LLP provided legal counsel to Centre Partners.