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 Clyde Bennett & Associates (CBA), a prominent nation-wide healthcare IT service provider based in Austin. This is the seventh transaction for Aldridge in the last 27 months that was led by Cogent.
The acquisition expands the company footprint into the Austin market as well as adding a new vertical into the growing Aldridge set of offerings. "The healthcare market is undergoing rapid technology transformation due to the government incentives related to electronic medical records, and CBA is well positioned to guide medical practices through that complex process," said Aldridge President & COO, Patrick Wiley. "It has never been more important for medical practices to leverage IT investment to contain costs while maintaining the highest patient care standards."
Aldridge has appointed Clyde Bennett & Associates CEO, Clyde Bennett, to the position of President of the newly minted Healthcare Services Subsidiary. "Joining with Aldridge provides our company the boost of technical resources necessary to sustain our continued growth," Bennett said. "We look forward to expanding our EMR software solutions to medical practices in Houston and Dallas as well."
“Aldridge has been working with Cogent for over two years now to boost their excellent organic growth with aggressive M&A activity that is also expanding their geographic reach throughout East Texas,” stated George Sierchio, a Vice President and Senior Partner at Cogent. “In this case Cogent was able to find a well-fitting candidate that not only hit the Aldridge goal of expanding into Austin, but also an entrance into the healthcare IT vertical. Employees and customers from both Aldridge and CBA are already seeing the benefits of this transaction with more to follow in short order.”
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 Clyde Bennett & Associates
Clyde Bennett & Associates (CBA) provides advanced medical office software that can increase productivity and profitability in medical practices. With new and changing government and HIPAA regulations, EMR software that is backed by expert support, service and IT know-how is what CBA delivers giving our customers the confidence to stop worrying about their technology and put the focus back on patient care.
Media Contact: George Sierchio, Cogent Growth Partners, 973-542-4020 firstname.lastname@example.org
Posted on May 15, 2014