HOUSTON, TX, June 20, 2014 -- 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 IS Support, Inc., a well-established managed services provider in Houston. This is the sixth 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. This latest M&A deal puts the company at over 75 employees serving more than 500 clients in the Houston and Dallas/Fort Worth markets. “IS Support, Inc. is a good fit with strengths in managed services, cloud services and professional services, which are our main areas of business,” said Aldridge President and COO Patrick Wiley. “Through the acquisition process, we have been impressed with the IS Support team’s skill sets, values and attitude. We are excited to offer Aldridge clients access to additional staff and skill sets so they can take greater advantage of best-fit technology solutions.”
Aldridge has appointed IS Support, Inc. CEO, Steve Combs, to the position of Vice President. “As our clients’ businesses have evolved and their IT needs have become more sophisticated, it became clear that we would need to find the right partner with broader, deeper skills than we could offer alone,” said Combs. “With its superior technical expertise, emphasis on small and midsize businesses that are growing, and multi-city capabilities in the Houston and Dallas areas, Aldridge is perfect.”
“As Managed Services and Cloud Services continue to grow and mature in both their capabilities and their complexities, the value of scale has become a competitive necessity,” stated Bruce Teichman, a Vice President and Partner at Cogent. “This transaction is a perfect example of Cogent’s 1+1=4 philosophy where Aldridge and IS Support combined have a deeper talent base and solution set that delivers added value to all their customers.”
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
Aldridge (aldridge.com) is a Houston, Texas-based technology management, consulting, and outsourcing company that specializes in providing best-fit IT and cloud computing solutions to SMBs that are growing. Founded in 1984, Aldridge has offices in Houston and Dallas. The company’s unwavering dedication, superior technical expertise, and keen understanding of business processes have transformed it into a trusted partner of clients across the nation. In 2013, Inc. magazine ranked Aldridge among the fastest-growing private companies in America for the fourth consecutive year and the Houston Business Journal listed the company as among the best places to work in Houston for the second consecutive year.
About Is Support, Inc.
Formed in 2002 in Houston, Texas, IS Support is a computer consulting firm that provides information systems and support for small-to-medium sized businesses. Their expertise is in integrating network and systems technology into a one-stop solution.
Media Contact: George Sierchio, Cogent Growth Partners, 973-542-4020 firstname.lastname@example.org
Posted on May 06, 2014