SEATTLE and HOUSTON, February 1, 2016 – Aldridge (www.aldridge.com), a leading technology management, consulting and outsourcing company for growing organizations, has completed two acquisitions of Seattle-based IT services companies. The acquisitions of Arterian and PacketDrivers make it possible for Aldridge to immediately establish a solid and strategic presence in one of America’s technology hubs.
“Aldridge has been an active client of Cogent for over four years with these two transactions being the 10th and 11th running through our company. This is the most complex deal we’ve pulled together for them to date,” said George Sierchio, VP and Senior Partner at Cogent Growth Partners, LLC who led the transaction process. ”Folding in two prominent Seattle MSPs, and retaining top-notch leaders in Jamison West and Scott Hamlin, we believe is going to quickly propel an already dominant player in the industry into a true regional powerhouse with a wide array of service offerings.”
Key elements of this announcement:
- Aldridge is consolidating the operations of Arterian and PacketDrivers, retaining most personnel and launching the Seattle office of Aldridge.
- Aldridge has appointed PacketDrivers Founder Scott Hamlin to the position of General Manager to lead the Seattle operation.
- Aldridge has retained the Arterian brand and has established a subsidiary devoted to Microsoft’s CSP (Cloud Solution Provider) program.
- Aldridge appointed Arterian Founder Jamison West as President of the new Arterian subsidiary.
“There are a lot of moving parts when combining three businesses, so we have been careful and deliberate to ensure that the end result significantly benefits current and future customers while positioning Aldridge for long-term success,” said Aldridge President and COO Patrick Wiley.
With the latest acquisitions, Aldridge projects annual revenue of nearly $22 million, offering nearly 125 IT professionals who serve clients throughout Texas and the Pacific Northwest from offices in Houston, Dallas, Austin and now Seattle. Additionally, Aldridge Health provides IT support services to growing medical and dental practices throughout the United States.
“We have been impressed by Aldridge’s focus on exceptional customer service and came to the conclusion that it would be in the best interests of our customers as well as our associates for us to join forces to create a larger and more capable IT services entity,” said Scott Hamlin.
The entry into Seattle – in close proximity to Microsoft – also strategically positions Aldridge to help existing and future customers benefit from the agility, cost-efficiency and scalability made possible by Microsoft’s CSP program through its new Arterian business unit.
“Cloud solutions are the future and Microsoft's CSP program is contributing to significant disruption in IT services generally,” said Jamison West. “With the Arterian subsidiary solely focused on advancing this business strategy, we expect to rapidly accelerate the growth of the Azure and Office 365 customer base.”
Aldridge is a 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 2015, Inc. magazine ranked Aldridge among the fastest-growing private companies in America for the sixth consecutive year.
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.
Posted on Feb 01, 2016