HOUSTON, TX, July 16, 2013 -- Cogent Growth Partners, LLC (Cogent) announced today that they advised The Aldridge Company (Aldridge), a Houston, Texas-based leading provider, consultant and integrator of information technology (IT) and cloud computing solutions for small and medium-sized businesses (SMBs), on its recently announced acquisition of The Harding Group’s IT services division, a leading IT consulting provider in Irving, Texas. This is the fourth transaction for Aldridge in the last two years that was led by Cogent.
The acquisition is part of Aldridge’s 10-year plan to grow aggressively in order to ensure new and existing customers have access to the latest advances in IT systems and continue to create an expanded pool of talented employees to serve the East Texas market. “Acquiring the IT services division of The Harding Group immediately establishes a strong presence for The Aldridge Company in DFW, and our new concentrations in education and municipal governments nicely complement our historic focus on SMBs,” said Aldridge President and COO Patrick Wiley. “After close examination, we determined that The Harding Group’s strong, engaged team brings a great deal of value to our clients and will be a nice fit in our client-focused culture.”
This transaction expands both the size and breadth of expertise of Aldridge’s IT staff and strengthens its portfolio of service offerings. New strengths that will benefit all customers include storage solutions, collaboration, access/identity management and network infrastructure, including clustering, data backups, remote connectivity, large-scale technology rollouts, and the products that support these services.
“In certain cases, expanding a company’s capabilities and grabbing the personnel needed to accomplish that is best done by acquiring it versus building from the ground up,” stated George Sierchio, a Partner at Cogent. “Here we have a transaction that achieved this goal while additionally expanding the business into a new market.”
Cogent Growth Partners (www.cogentgrowthpartners.com) is a buy-side merger & acquisition advisory firm that combines IT industry-specific transaction know-how with deep operational expertise, to work exclusively with clients in the IT and Managed Services industry. Cogent helps create superior companies that deliver exceptional financial results and improved equity value for the owners – all while mitigating many of the risks associated with planning and executing acquisition or exit strategies.
About The Aldridge Company
The Aldridge Company (aldridge.com) 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. In 2011, the company was listed as No. 11 on the Houston Business Journal’s Fast Tech 50 list of fastest growing Houston technology companies.
About The Harding Group
The Harding Group, founded in 1993, is an Irving, Texas-based company providing information technology and document management services for medium to large enterprises, government entities, and not-for-profit establishments mainly in Dallas-Fort Worth area.
Media Contact: Rick Murphy, Cogent Growth Partners, 678-820-5292 firstname.lastname@example.org
Posted on Jul 16, 2013