acquired, new CEO named

June 11, 2013
Company co-founders Valerie and Paul Holstein will leave their executive roles but retain minority ownership stake.

Paul and Valerie Holstein, co-founders of online retailer, have sold a majority stake in the company to KT Capital Partners LP and CapitalSouth Partners Funds. While the Holsteins retain a minority ownership position Valerie and Paul have left their respective positions as chief executive officer and chief operating officer. provides products used to install and manage cabling systems.

At the time the acquisition was announced, the company simultaneously announced the appointment of Gerald P. Quindlen as chief executive officer. Quindlen previously served as president and chief executive officer of Logitech. He also was a member of Logitech’s board of directors. Previously he held a number of sales, marketing and international-management roles with the Eastman Kodak Company.

Reflecting on the history and looking toward the future of the company he co-founded, Paul Holstein commented, “ has been in business over 11 years and has enjoyed sustained, record-breaking double-digit growth and strong vendor relationships, even throughout the economic downturn that adversely affected the retail industry at large in recent years.

“The fresh and broader depth of experience and expertise brought in by KT Capital Partners and CapitalSouth Partners Funds, coupled with the broad leadership and operational experience of the new company CEO Gerald Quindlen, will help establish, sustain and elevate its position as a leading online retailer in all applicable product categories, including telecommunication, low voltage, networking and server-room supplies. In turn, KT Capital Partners and CapitalSouth Partners Funds benefit from a thriving e-commerce company with an aggressive growth trend.”

Quindlen described the company as “a tremendous entrepreneurial success story due to the vision and drive of Paul and Valerie Holstein. This acquisition,” he continued, “will allow the company to accelerate its already strong growth rate. The shift will maximize customer satisfaction and vendor relations in key areas, such as more on-time deliveries, better price, broader product selection, additional expert advice, longer phone-support hours, more-generous credit terms, and other such service-driven enhancements, while also allowing the company to more-effectively compete in a broad range of categories to become the most comprehensive one-stop online product purveyor in the industry.”

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