Falcon Investment Advisors Took Control of CXtec
The Syracuse-based IT hardware provider has refinanced its debt under new ownership as of October 2026.
Updated on Oct. 14, 2026 in Data Centers
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Syracuse-based CXtec, which specializes in new and refurbished IT infrastructure hardware, has transitioned to control by Falcon Investment Advisors. The acquisition concludes an eight-year holding period by H.I.G Capital.
Why it matters
This ownership shift provides CXtec with a new capital structure, allowing the firm to retire existing debt obligations and stabilize its financial position as it supports IT maintenance workflows.
The company secured a new senior secured credit facility provided by US Private Credit Investments, a division of BTG Pactual. This instrument directly refinanced the previous debt burden of less than $50 million.
The players
CXtec
A Syracuse-based provider of refurbished and new IT hardware and cabling for data center maintenance.
Falcon Investment Advisors
An investment firm that assumed control of CXtec in October 2026.
H.I.G Capital
A global private equity firm that held CXtec in its portfolio from 2016 until 2026.
US Private Credit Investments
A division of BTG Pactual that provided the new senior secured credit facility for the transaction.
The details
CXtec maintains a market position by supplying both new and refurbished hardware and cabling products used in enterprise IT equipment maintenance. The new credit facility functions as a senior secured loan, which is a debt obligation that takes priority over other unsecured debt in the event of default. This mechanism effectively resets the company's balance sheet by replacing the prior debt previously held by Kayne Anderson.
Timeline
2016: H.I.G Capital began holding CXtec as a portfolio company.
October 2026: Falcon Investment Advisors took control of CXtec.
The Tech Race
This transition marks a formal exit from the decade-long portfolio strategy established by H.I.G Capital in 2016. It places CXtec under a new capital structure as it continues to compete in the secondary and new hardware IT maintenance market.
Current customers and IT departments relying on CXtec for hardware maintenance should experience continuity as the company restructures its debt. The change in ownership is administrative and does not immediately alter the product catalog or service availability for end users.
The takeaway
This acquisition allows CXtec to clean its balance sheet and pivot toward new growth objectives under its latest ownership. Observers should monitor the firm's upcoming service announcements to see if the new credit facility triggers an expansion of their refurbished hardware inventory.
Further reading
For more on how infrastructure providers are evolving, visit the Data Centers section.
Source note: This article includes information reported by Pitchbook.
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