SMART Global Holdings Acquires Stratus Technologies

Brightstar Capital Partners Acquires Stratus Team, LLC

July 1, 2024

Engineering Services

Brightstar Capital Partners, a middle-market private equity firm, has completed the acquisition of Stratus Team, LLC from Godspeed Capital Management LP. The transaction positions Brightstar to scale Stratus — a multi-disciplinary engineering, architecture, and consulting platform — through organic growth and M&A to expand its capabilities and presence across public and private sector end markets, particularly in the U.S. Southeast.

New Heritage Capital Invests in Stratus Technology Services

March 8, 2023

IT Services

New Heritage Capital has made a growth investment in Stratus Technology Services through its Private IPO structure, allowing Stratus management to retain operating control while gaining capital to accelerate growth. The investment will support Stratus's expansion of delivery teams and capabilities—particularly cloud implementations and migrations—across its global technology services footprint, which includes strong expertise serving the P&C insurance market and Guidewire platform users.

Vestar Capital Partners Acquires Stratus from Arcapita

July 7, 2021

Industrial Services

Vestar Capital Partners has acquired Stratus, a Mentor, Ohio–based brand implementation and facilities services provider, from Arcapita Group Holdings. Stratus' founder and CEO Tim Eippert and the senior leadership team will remain and reinvest in the company while Arcapita will retain a minority stake; financial terms were not disclosed.

Applied Insight Acquires Applied Technology Group (ATG) and Stratus Solutions

February 13, 2019

AI & Machine Learning

Applied Insight, an Acacia Group-backed federal technology services provider, has acquired Applied Technology Group (ATG) and Stratus Solutions to bolster its cloud, analytics and artificial intelligence capabilities for intelligence, defense and federal civilian customers. The add-ons (ATG ~80 employees; Stratus ~100 employees) expand AI's mission-focused capabilities in machine learning, high-scale cloud infrastructure, DevOps and cybersecurity.

Stonehenge Partners Makes Minority Growth Investment in Stratus Surfaces

October 1, 2023

Building Products

Stonehenge Partners has made a minority growth investment in Stratus Surfaces, an importer and wholesale distributor of natural stone, quartz and porcelain slabs. The capital will support Stratus's expansion into new U.S. markets and enable the company to pursue acquisition opportunities while partnering with its majority owners, Luke Spiller and Peter Pental.

Stratus Team Acquires Engineering Strategies, Inc. (ESI)

February 24, 2025

Engineering Services

Stratus Team, a Pittsburgh-based integrated engineering, architecture, and consulting platform backed by Brightstar Capital Partners, has acquired Engineering Strategies, Inc. (ESI), a Marietta, Georgia firm specializing in water and wastewater engineering. The acquisition expands Stratus' water resources capabilities and strengthens its presence in the southeastern United States.