NEW YORK CITY, July 1, 2016 – The TNS Group (www.thetnsgroup.com), a preeminent Managed IT Service Provider (MSP) headquartered in Stamford, CT, announced today that it has acquired Chelsea Computer (chelseacomputer.net), an established IT services firm in New York City specializing in servicing the non-profit vertical. The acquisition strengthens The TNS Group while furthering expansion into New York City.
“Growing in a location that is not your company’s primary market is not an easy task, especially when that market is New York City and your business is IT services,” said George Sierchio, VP and Senior Partner at Cogent Growth Partners, LLC who led the transaction process. ”However, this transaction will certainly make that effort by The TNS Group much more successful in short order and Cogent is happy to have sourced and brought the deal together for both companies,” Sierchio further added.
With M&A as part of their overall growth strategy, this first transaction will do well to set-up The TNS Group and their talented organization for being able to work with Cogent to systematically knock down more transactions mixed in with organic growth. The TNS Group has noted that they are looking forward to the strategic growth of the company overall and enhancing their ranking on the MSPmentor 501, through this acquisition. Last year, they jumped 47 positions in their global ranking of the world’s top 501 MSPs. This is a highly competitive process that ranks on specific criteria across all departments of the organization.
“We are thrilled to welcome the Chelsea Computer team into The TNS Group organization,” said Ami Soifer, CEO and Co-Founder of The TNS Group. “Chelsea Computer’s client-centric focus and technical proficiency aligns with the core values of The TNS Group. We are excited to work with the Chelsea Computer team and their clients to understand their business needs and facilitate their continued growth. We are anxious to elevate the already strong experience provided to our clients by increasing our available resources in New York City and the surrounding areas.”
Under the TNS umbrella, the common goal is to provide the highest level of service to their New York City clients and leverage both firms to capture more market share. Additionally, the increased footprint in New York City adds needed infrastructure to support the cobined staff currently servicing clients there.
“This exciting new development provides an opportunity to maximize the end user experience for clients by accessing systems and technical solutions that were not integrated into our offering, until now,” said Kenneth J. Kaminski, President & CEO of Chelsea Computer. “Beyond our synergies, the similarities in our client focused approach, company cultures and commitment to best practices are in sync. Our clients should expect a seamless transition and access to a Managed IT Services portfolio to meet all of their business needs.”
About The TNS Group
The TNS Group is headquartered in Stamford, Connecticut, with a second office located in Manhattan, and serves as a valued resource for businesses and nonprofit organizations by delivering the highest standard in IT services. We believe that technology is a viable asset that allows businesses to drive better results. We support our clients in overcoming business challenges when creating each customized solution.
Cogent Growth Partners (http://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 Jul 01, 2016