October 26, 2012 (Houston, TX): Cogent Growth Partners, LLC (Cogent) announced today that they advised The Aldridge Company, of Houston, Texas on its recently announced acquisition of Serenity Systems Inc. This is Cogent’s second transaction for Aldridge.
The Aldridge Company is a leading provider, consultant and integrator of IT and cloud based computing solutions for small and medium sized businesses (SMBs). Serenity Systems, also located in Houston, is a technology services firm that provides managed services, network integration and performance improvement to manufacturing, distribution, construction and services firms.
“Cogent worked conscientiously with both sides during the entire transaction process,” said Patrick R. Wiley, President & COO with The Aldridge Company. He stated, “Based on our needs, Cogent found Serenity Systems, led the negotiations, handled due diligence and operational integration planning, and also drafted all of the documentation. They worked with counsel for both sides to see the deal through
to closing.” Wiley added, “After the closing, Cogent continued to be very involved in integration planning and execution which is now successfully complete. Cogent’s hands on approach has allowed both sides to focus on running our respective businesses, while getting us through the entire process.”
“We strive to put solid businesses together to form one company that quickly realizes better margins, service offerings and client satisfaction while leveraging economies of scale,” stated George J. Sierchio, a partner at Cogent. “This transaction is a terrific example of how the M&A process, done the correct way, makes that happen.”
“This strategic acquisition strengthens The Aldridge Company’s position as a leading IT services provider capable of delivering powerful and effective IT services to organizations of all sizes,” said Wiley. “By continuing to aggressively expand the depth and breadth of The Aldridge Company’s services and expertise, we have further underscored the firm’s commitment to the dynamic and growing IT services market.”
“We had been approached by a number of companies over the years, but The Aldridge Company is special because its team shares our passion and reputation for quality and service,” said Serenity Systems Founder and CEO Mark Leary, who is now a vice president with Aldridge. “With The Aldridge Company, our customers will have access to the technology expertise and the services they need to succeed in an increasingly complex and competitive business environment.”
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 http://www.CogentGrowthPartners.com
About The Aldridge Company: The Aldridge Company is a Houston, Texas based technology management, consulting and outsourcing company. Founded in 1984, the company brings a winning combination of professional technical expertise, extensive capabilities and a strict focus on the importance of business processes. The Aldridge Company is a leading provider, consultant and integrator of Information Technology and Cloud Computing solutions. For more information,
please visit www.aldridge.com
Posted on Oct 26, 2012