Aldridge Acquires Dallas-Based Managed Service Provider, Twist Solutions
Cogent advises Aldridge on the acquisition of Twist Solutions furthering managed and cloud service offerings in the Dallas/Fort Worth SMB market.
DALLAS, TX, February 4, 2015 -- 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 Twist Solutions (Twist), an SMB managed and cloud services provider based in Dallas/Fort Worth. This is the eight transaction for Aldridge in the last 36 months that was led by Cogent. The transaction was effective as of January 1, 2015.
"Similar to Aldridge, Twist narrowly focuses on serving small and growing companies with personalized service, and we look forward to building on that legacy with the Twist team," said Aldridge President and COO Patrick Wiley. "This is our largest acquisition to date and we expect integrating the Twist team will help us scale up our business in Dallas rapidly and capture more opportunities in the underserved SMB market."
Over time, the operations of Twist will be integrated into Aldridge's Dallas operation, which is led by Senior Vice President Bryan Gregory. The combined entity offers nearly 100 IT professionals who serve clients from offices in Dallas, Houston and Austin.
“We continue to drive Aldridge’s goal of expansion in East Texas with this transaction marking the second in Dallas further solidifying that beachhead,” stated George Sierchio, a Vice President and Senior Partner at Cogent. “Twist supplies similar service offerings to customers that are in the Aldridge customer criteria sandbox making it a great match for Aldridge to see quick return on investment due to synergy and economy of scale consolidation.”
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, Dallas and Austin. 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 2014, Inc. magazine ranked Aldridge among the fastest-growing private companies in America for the fifth consecutive year and the Houston Business Journal listed the company as among the best places to work in Houston for the second consecutive year.
Media Contact: George Sierchio, Cogent Growth Partners, 973-542-4020 firstname.lastname@example.org
Posted on Feb 04, 2015