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CableOrganizer.com acquired; new CEO named

Fort Lauderdale-based e-commerce retailer CableOrganizer.com said Monday that KT Capital Partners and CapitalSouth Partners Funds have made a majority stake investment in the 11-year-old company, which offers electrical, telecom/datacom/networking, home theater, cable and wire management products.

Along with the acquisition, CableOrganizer.com has named a new chief executive, Gerald P. Quindlen, who previously served as president and chief executive of Logitech. CableOrganizer.com founders, Valerie and Paul Holstein, formerly chief executive and chief operating office, respectively, will retain a minority ownership stake in the company.

KT Capital Partners, is a private investment firm that “invests in stable, established, and growing companies.” CapitalSouth Partners is a private equity and mezzanine capital provider to lower middle-market companies.      

“CableOrganizer.com is a tremendous entrepreneurial success story due to the vision and drive of Paul and Valerie Holstein,” Quindlen said in a statement. “This acquisition will allow the company to accelerate its already strong growth rate.” 

-- Ina Paiva Cordle  

Read more here: http://www.miamiherald.com/2013/06/10/3443905/fort-lauderdale-internet-retailer.html#storylink=cpy

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