Troxell Communications and CDI Technologies will merge to form a new company to be named Troxell-CDI.
Twin Brook Capital, the middle market direct lending subsidiary of Angelo Gordon, served as administrative agent for a $93 million credit facility to support the transaction.
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Troxell-CDI, will provide expanded product and service offerings, enhanced sales coverage and support across the U.S. & Canada, and a broader portfolio of leading vendors and partners.
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The combined Troxell-CDI technology products and services portfolio comprises over more than 15 high-interest categories. This, together with plans for increased investment in developing and introducing exciting new Education technology solutions, will greatly expand the number of solutions available to customers.
“CDI and Troxell are extremely complementary and together create a powerhouse in the Education Technology space,” said CDI CEO, Erez Pikar. “This merger expands the depth and breadth of our offering, doubles our sales reach and support into the Education space, and establishes a scalable platform for future growth.”_x000D_
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Troxell-CDI will be headquartered in Phoenix, AZ. The merged organization will be led by Erez Pikar as CEO. Mike Ruprich will continue to play an important role in the integration of the two companies and will shift to a governance role serving on the board of directors.
