With a large variety of clients in 2018 including MSPs, CSPs, security providers, and other IT service providers all ranging in size from SMB to enterprise to Private Equity (PE), Cogent Growth Partners advised on 14 closed transactions for the year.
Private Equity (PE) has been landing platforms regularly in the MSP/CSP space for several years now with many platform transactions happening in 2018. Most PEs lowered their general size/cash flow standards of platforms to pick up much desired recurring revenue that comes from the typically much smaller companies that make up the MSP/CSP space.
WorkSmart has acquired CDI Managed Services’ small and midsize business (SMB) clientele — which includes customers in Atlanta, Georgia and the New York Metro area with the guidance of their buyside intermediary Cogent Growth Partners. Read further here on CHANNELe2e.
Hilltop Consultants, a Top 100 Vertical Market MSP in the legal services sector, has acquired LANsultants — which also focuses on the legal vertical. The deal was led by buy-side M&A firm Cogent Growth Partners. This deal is part of Hilltop Consultants’ larger plan to build the country’s best legal MSP, according to President Jim Turner.
Data Systems Technology Solutions has acquired Unicom Technologies Inc., a regional IT-provider for banks and credit unions, with Cogent Growth Partners leading the way. Both companies are located in Texas. Together, Data Systems Technology Solutions and Unicom plan to support credit unions, local and regional banks in Texas and the Southwest United States.
Medical Technology Solutions, a healthcare focused managed cloud and IT services provider with offices in the Pacific Northwest, Midwest and East Coast, recently acquired healthcare oriented managed services provider (MSP) Compex based in the Portland, OR area.