Falcon Investment Advisors Took Control of CXtec
The Syracuse-based hardware provider has transitioned to new ownership following a strategic deal.
Updated on Oct. 14, 2026 in Data Centers
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Falcon Investment Advisors has officially taken control of the Syracuse-based IT hardware firm CXtec. The company specializes in providing refurbished and new hardware for IT infrastructure and maintenance.
Why it matters
This ownership change marks a major transition for the firm, which had been under the management of H.I.G. Capital since 2016. The deal includes a new financial arrangement designed to restructure the company's existing debt obligations.
The transition includes a new senior secured credit facility provided by a division of BTG Pactual. This capital injection successfully refinanced debt obligations totaling less than $50 million.
The players
Falcon Investment Advisors
This investment firm has now assumed control of CXtec to lead its next phase of corporate operations.
CXtec
Based in Syracuse, this company supplies refurbished and new IT hardware components for data centers and enterprise networks.
H.I.G. Capital
A global private equity firm that previously held CXtec as a portfolio company for eight years.
BTG Pactual
A financial institution whose private credit division provided the new senior secured credit facility for the transaction.
The details
CXtec, which maintains its headquarters in Syracuse, New York, serves as a provider of hardware and cabling for essential IT maintenance. The transaction concludes H.I.G. Capital's eight-year tenure as the company's primary investment holder.
Timeline
2016: H.I.G. Capital began holding CXtec as a portfolio company.
October 2026: Falcon Investment Advisors officially took control of CXtec.
The Tech Race
This ownership change mirrors broader trends in the IT hardware lifecycle market, where firms often shift between private equity backers to optimize capital structures. It marks a significant departure from the management approach established by the 2016 acquisition of CXtec by H.I.G. Capital.
Customers who rely on CXtec for IT hardware and cabling can expect continued service as the firm manages its new financial structure. The refinancing move is intended to streamline the company's balance sheet without disrupting existing supply chain operations for local businesses.
The takeaway
The transition to new ownership signals a stable path forward for the company's debt management and ongoing IT hardware support services. Readers should note that shifts in private equity backing are common in the hardware sector to ensure long-term operational health.
Further reading
For more on how companies maintain IT infrastructure, visit our Data Centers section.
Source note: This article includes information reported by Pitchbook.
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