New York, NY – June 13, 2011 -
Cogent Growth Partners, LLC announced today that they advised Mother Network Guardians, a leading Chicago-area IT Services firm supporting small to mid-size businesses, on its recently announced acquisition of Decision Systems Plus, Inc (DSPI).
The acquisition, which closed on May 1, 2011, is another case of a Managed Service Provider (MSP) leveraging Growth by Acquisition to achieve rapid growth within its target market.
"Mother Network Guardians' acquisition of Decision Systems is a great example of two complimentary MSPs coming together", said David S. Schafran, Managing Partner at Cogent. "Mother is a Chicagoland leader in data-related managed services, and DSPI is a leader in Telephony managed services. This is a powerful combination for both firms and -- most importantly -- for customers served by both companies."
"Cogent was instrumental in the entire acquisition lifecycle", said David Davenport, Mother's CEO. "They worked with us from initial introduction all the way to operational integration after the close which they continue to be very involved in. Cogent's hands-on presence increased our confidence throughout the entire process."
Founded by managed services industry veterans, Cogent is a specialized firm assisting Managed Service Providers interested in growth by acquisition. The firm combines industry-specific M&A experience with deep operational expertise in the IT Services industry.
Cogent Growth Partners is a buy-side merger & acquisition advisory firm combining focused merger & acquisition know-how with deep operational expertise. Cogent works exclusively with clients in the IT and Managed Services space, helping them create successful companies that deliver outstanding client service, exceptional financial results and improved equity value for the owners – all while mitigating the risks often associated with planning and executing acquisition and exit strategies.
About Mother Network Guardians
Mother Network Guardians is a Chicago area provider of IT managed services for small and mid-sized businesses. In addition to daily IT support, Mother’s clients benefit from a strategic perspective on how their IT systems can help them meet their business goals. Mother, a Microsoft Gold Partner, was founded in 1990 as TransTech Consulting and began providing IT managed services in 2004. Mother is headquartered in Itasca, IL, with an office in Chicago.
Posted on Jun 13, 2011