This panel is moderated by Arlin Sorenson of Connectwise and is happening at 2:50PM on Friday Nov 1. Every M&A deal has its challenges. But what happens when challenges become problems that threaten the financial value and overall viability of the deal? In this session, you’ll hear from Rick and the panel who experienced major deal challenges.
Medicus IT (MIT), a leading, healthcare-focused managed services provider (MSP) based in Alpharetta, Georgia, today announced the acquisition of PriorityOne Group (P1), a premier healthcare managed IT services provider based in Rutherford, New Jersey.
Ntiva, a Cogent client backed by Southfield Capital, is a managed services, cloud and cybersecurity provider headquartered in McLean, VA. In September 2019 Ntiva acquired 3Points, a Chicagoland managed service provider (MSP) focused on serving the commercial and nonprofit market.
IT Solutions Consulting Inc.(ITSC) of Fort Washington, Pennsylvania has acquired SecurElement Infrastructure Solutions, a managed IT services provider (MSP) of Malvern, Pennsylvania. Founded in 1994, IT Solutions is an employee-owned business and one of the largest MSPs based in the region.
Boca Raton, Florida-based Champion Solutions Group has acquired DirecLogix Corp, a fellow Florida-based IT organization that has Amazon Web Services (AWS), Microsoft Azure cloud and HP Enterprise partner expertise. The transaction, sourced and advised by Cogent Growth Partners as the buy-side intermediary for Champion, expands Champions reach through DirectLogix additional offices in Boston, Massachusetts and Santa Clara, California
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Orlando, FL based CompuTech City was acquired by Atlanta, GA based Medicus IT on April 11, 2019. The combination of these two MSPs further establishes Medicus IT's position as one the largest healthcare-focused MSPs nationwide. Cogent Growth Partners provided advisory services to CompuTech City for this transaction.
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.