SEATTLE, WA, October 16, 2014 -- Cogent Growth Partners, LLC (Cogent) announced today that they advised BlackPoint II Services, Inc. (BlackPoint), a Seattle-based provider of IT consulting, cloud services, business communications services and managed services for small and medium-sized businesses (SMBs), on its recently announced acquisition of Nextpoint Information Systems LLC (Nextpoint), a Seattle, WA area IT and managed services solution provider to SMBs. The transaction was effective for October 16, 2014.
Like BlackPoint, Nextpoint offers customized IT solutions to the SMB community while focusing on customer service and relationship building. Nextpoint’s customer base will now have access to a broader range of technology solutions, expertise, and highly trained engineers on top of the high level of service and people they currently enjoy with Nextpoint.
With this acquisition, BlackPoint has approximately 100 employees across their offices in Seattle, WA and Portland, Oregon. The transaction also adds a strategic boost to their managed services revenue, strengthens their managed services sales team and builds continued diversity in the types of industries they serve in the Seattle market.
“The key to any acquisition plan is to have achievable goals and criteria that allow you to find the right candidate to meet those specifications as closely as possible,” stated George Sierchio, Vice President and Senior Partner at Cogent. “This transaction embodies that theory and Cogent is proud to be part of its entire process from finding that right fit for BlackPoint in Nextpoint to performing the deal intermediary role through the successful close.”
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.
The company began in 1977 as Northwest Computer Support, delivering the highest quality IT service and repair for laptop and desktop computers, printers, scanners and other peripherals at competitive prices. In April 2005, James and Lesleigh Watson who both previously worked for Microsoft purchased the company. Since then, drawing from more than 30 years of experience and expertise, BlackPoint provides unparalleled managed IT and consulting services, including infrastructure, security, storage, virtualization, business continuity, portals and collaboration, print and sustainable IT solutions. To learn more visit www.blackpoint-it.com/
Founded in 2003 by Greg Emplit and Nasir Ali, Nextpoint offers a wide range of solutions for their clients from a fully outsourced IT department including CIO to help desk and procurement. Whether it be cloud solutions or on premise, Nextpoint stays current on the technical climate and always seeks out the “best of breed” technology to provide clients with solutions to meet their business needs and challenges.
Media Contact: George Sierchio, Cogent Growth Partners, 973-542-4020 email@example.com
Posted on Oct 16, 2014