Affiliates of Stellus Capital Management provided senior debt financing and an equity co-investment in support of Tailwind Capital’s investment in DMD Systems Recovery, an end-to-end IT asset disposition (“ITAD”) solutions provider.
“We are thrilled to partner with the DMD team to support the company’s continued organic growth and M&A strategy,” Will Fleder, partner of Tailwind, said. “DMD services a global client base, and is well-positioned to capitalize on the broader ITAD market tailwinds. We value our partnership with Stellus and are excited to work together in support of DMD’s future growth.”
Doug Bollermann, managing director at Stellus, said, “We are excited for the opportunity to continue our relationship with Tailwind, who has a proven track record of scaling IT services businesses. DMD’s solution-oriented offerings and impressive momentum since inception presents an attractive opportunity to build a broader ITAD platform.”
