Bill Strang is co-founder and a Managing Partner at Bluestone. Bill has significant sales, operations, and executive leadership experience in both government services and commercial companies. Prior to Bluestone Bill was a founder, majority owner, and principal executive at three separate companies. Two of these platforms, Sylvest Management Systems Corp. and NetStar-1, Inc., were exclusively focused on the defense and government services marketplace. Bill developed and managed a team that grew these firms both organically and through strategic acquisitions. After successfully operating and growing the businesses, he facilitated their sales to well established strategic and financial buyers that included The Carlyle Group, Dimension Data and Lake Capital.
Bill has repeatedly demonstrated his ability to identify attractive segments of industry growth and emerging market trends to create value in his business endeavors. By leveraging his industry expertise, Bill capitalized on the changing federal contract environment and related procurement reform initiatives in the early 1990s to enhance value for his first platform company, Sylvest Management Systems Corp.. He accomplished this by positioning Sylvest Management Systems Corp. to be among the first businesses to secure large-scale Government-wide Acquisition Contracts (GWACs). This strategy facilitated rapid organic growth for the company and made it an attractive acquisition target for larger private equity groups and strategic buyers. Sylvest Management Systems Corp. was sold for $50 million to the Carlyle Group in 1997.
As part of the Sylvest transaction, the commercial division was spun-out becoming Bill's second platform company, TimeBridge Technologies. Within four years, Bill and his team expanded the business from $3 million to $140 million in annual revenue through organic growth and acquisitions of two small, capability-enhancing companies. TimeBridge was sold to Dimension Data for $150 million in 2001.
In 2002, Bill established NetStar-1, Inc., a company focused on federal IT solutions. Bill led the company through rapid growth and multiple acquisitions. Lake Capital acquired a majority of the company in 2007. Bill stayed on as CEO to lead the next stage of growth for NetStar-1 and the sale of a portion of the company to Acentia in 2010.
Bill received a Bachelor's degree from Eastern Kentucky University.