October 26, 2012 (New York, NY): Cogent Growth Partners, LLC announced today that they advised Arterian, of Seattle, Washington, on their recently announced merger with Seattle Computing effective April 1, 2012. The transaction was the third Cogent has concluded for Arterian and the second involving Seattle Computing. Arterian is a leading provider of IT services for small and medium sized businesses (SMBs) in the Greater Puget Sound Area. Seattle Computing, founded in 2008 by Tait Covert, is a prominent IT services company equally committed to helping small and mid-sized businesses leverage IT as a strategic business asset. The combined company will continue under the Arterian name.
Jamison West, CEO of Arterian said, “This strategic merger strengthens Arterian’s position as a leading provider of IT services in the greater Seattle area and beyond, significantly enhancing our ability to deliver timely and effective support to all of our customers.” West added, “Expanding our resources helps us better serve the evolving needs of our clients, and our combined staff increases the depth and breadth of our technical expertise, all of which allows us to consistently provide a broader range of services more effectively.”
“We strive to put solid businesses together in order to enhance client satisfaction while leveraging economies of scale for the combined companies,” stated Rick Murphy, a Managing Partner at Cogent. “This transaction should prove beneficial for the combined customer base as a result of integrating talented team members and their respective proficiencies. This is a terrific example of how combining companies can be a win-win for everyone.”
“This is our third transaction working with Cogent and as always they worked conscientiously with both sides during the entire process,” said Mr. West. “Their hands-on approach allowed our companies to remain focused on our respective businesses, while seeing us through to closing.” West added, “Since closing, Cogent has been integral in executing the integration plan, helping us deal with the myriad bumps-in-the-road along the way that are part of the assimilation process.”
About Cogent: Cogent Growth Partners is a buy-side merger & acquisition advisory firm combining focused merger & acquisition know-how with deep IT Services operational expertise. Cogent specializes in helping IT Services and Managed Service Providers realize growth via planning and execution of customized merger and acquisition strategies. Helping owners create successful companies that deliver exceptional financial results and improved equity value – all while mitigating the risks often associated with planning and executing acquisition and exit strategies. For more information visit www.CogentGrowthPartners.com
About Arterian: Founded in 1995, Arterian is a trusted IT advisor for businesses in the Greater Seattle area. Our vision is to “help businesses get the most out of their technology today and plan for the future.” We emphasize technology-as-a-service, featuring proactive monitoring, remote remediation, automated preventative maintenance, and fixed monthly fees. We employ industry-leading proactive measures to protect our client’s businesses from preventable disasters. For more information visit www.arterian.com
Contact: David Schafran; call 212-799-1770 or email david@CogentMergers.com
Posted on Oct 29, 2012