Abry Partners’ portfolio company completes fourth acquisition in 2018, eighth M&A transaction in four years; purchase of services providers in Southern CA, Arizona and New England solidifies national footprint for private equity-backed cloud and managed IT services provider.
Los Angeles, CA: (August 7, 2018) NexusTek today announced the following three acquisitions: Cal Net Technology Group (Cal Net), a Southern California-based, award-winning managed IT service, professional services, and technology solutions provider; Syndeo Technologies (Syndeo) of Andover, MA; and Decision Consultants, Inc. (DCI) of Phoenix, AZ.
NexusTek’s growth rate in 2018 is in excess of 100%; the company now serves almost 2,700 organizations in 47 states. With a national workforce of more than 300 employees providing customers with strategic guidance, technical support and professional services, NexusTek is fast becoming one of the most complete service providers for businesses of all sizes and in all markets.
“These acquisitions are critical milestones in solidifying NexusTek’s position in key markets, which also expand our footprint and ability to blanket the country with high-quality services, coverage and support,” said Mike Jenner, CEO, NexusTek. “Cal Net, DCI and Syndeo each bring a pedigree and track record of aligning technology with workflows that fits NexusTek’s practice of delivering customized solutions that solve specific business needs.”
The Cal Net, DCI and Syndeo acquisitions mark five M&A transactions for NexusTek in 2018, and eight in four years, each of which directly benefits customers by augmenting the company’s core competencies and ability to execute best practices. NexusTek is backed by Abry Partners, an experienced media, communications, business and information services-focused private equity firm with over $77 billion of leveraged transactions under its belt.
“NexusTek, in executing its strategy for growth through acquisition and organic means with such alacrity, is now entrenched as the partner that small and middle-market businesses need to migrate and manage mission-critical applications in the cloud without disrupting performance,” said Abry Partners Principal, James Scola.
With the acquisitions of Cal Net and DCI, NexusTek inherits a strong presence in the Western United States, extending its reach and ability to create IT solutions that combine unified communications, voice-over-IP (VoIP), infrastructure, storage, virtualization, data protection, and networking technologies from the industry’s leading vendors.
“Synergies in company culture and vision make joining NexusTek a strategic win for all parties, especially customers,” said James Hwang, COO, NexusTek. “As Chief Operating Officer, I am excited to be part of an elite team that will forever alter how small and mid-size companies nationwide utilize cloud and managed IT services. Access to truly customizable solutions will allow companies of all sizes, and in all markets, to redeploy personnel and reinvest in growth.”
Cal Net, an award-winning MSP, is recognized for helping customers reduce maintenance costs and emergency incidents with 24/7 monitoring; avoid expensive on-site server investments by migrating data to the cloud; minimize lost revenue from network downtime with Disaster Recovery as a Service; and protect data against cyber threats with a Managed Firewall that’s proactively patched. As a highly-accredited Cisco and Microsoft Gold Certified Partner, DCI’s superior brand of IT expertise, support and training are utilized by small and mid-range organizations throughout Arizona, Colorado, Nevada and California.
Founded in 2002 and headquartered in Andover, MA, Syndeo is a dedicated IT resource for organizations in the greater Boston area and throughout New England. Syndeo supports a diverse clientele of varying sizes, and in various markets, with 24 x 7 network monitoring, proactive maintenance, ongoing user support, and strategic consulting that improves bottom-line business results.
“NexusTek is able to help businesses across the country embrace technology as an asset with which to increase productivity while reducing costs,” added Jenner. “With the acquisitions of Cal Net, DCI and Syndeo, we have added resources that amplify our reach and services footprint from coast to coast.”
NexusTek’s expansive portfolio can be customized to address the full spectrum of an organization’s operational requirements. The company’s cloud and managed services eliminate the administrative overhead and variable cost associated with cloud and IT environments; customers receive 24/7 monitoring of their IT environments and proactive responses to issues for a fixed monthly fee.
NexusTek serves businesses across the country, providing IT solutions and professional recommendations to strengthen the customers IT infrastructures. By virtue of its SSAE 16 SOC II certification, NexusTek proves its adherence to rigorous, industry-accepted auditing standards for service companies.
About Cal Net
Cal Net Technology Group is the premier provider of outsourced IT, cloud, security services and Unified Communications in the Southern California market, servicing organizations with 10-2,000 employees. Through its implementation and support services, Cal Net Technology excels in tackling the complexities of partially and fully outsourced IT requirements, cloud operations, unified communications, workflow automation and support services with both onsite and remote delivery models.
Cal Net has also been recognized as a Dell Security Partner of the year for 2015, Southwest Region Partner of the Year by Microsoft three years in a row, IT Service Partner of the Year by the Los Angeles Business Journal, has been named a top 50 Managed Services Provider in North America by the MSPmentor 501 List, is a CRN MSP Elite 150 list member and is a seven-time Inc. 5000 honoree.
About Syndeo Technologies
Syndeo Technologies, a leading area provider of outsourced IT services that combines business and technology expertise. Syndeo’s growth and success over the past ten years is attributed to its exceptional client service resulting in a consistent 98% client retention rate. Organizations across multiple industries and of varying sizes trust Syndeo to proactively maintain their networks, to provide 24 x 7 network monitoring and user support, and to deliver strategic technology consulting and network upgrades that improve their bottom line business results. Syndeo Technologies offers organizations an outsourced IT department that combines business and technology expertise, 24 x 7 availability and exceptional client service. Founded in 2002, Syndeo is headquartered in Andover, Mass., and is a dedicated IT resource for organizations in the greater Boston area and throughout New England.
About Decision Consultants, Inc.
Decision Consultants, Inc. (DCI) is a leading Microsoft and Cisco consulting partner to small and mid-range organizations in Arizona, Colorado, Nevada and California.
As a highly accredited Microsoft Gold Certified Partner, DCI is able to offer a superior brand of IT expertise, support and training that is rarely found within a single organization. Our solutions help businesses maximize their potential when it comes to information technology.
NexusTek, an award-winning Microsoft Gold Partner, provides small and medium-sized businesses a trusted resource to optimize and manage their IT environments, ensuring business continuity and driving productivity. From managed IT services to cloud solutions and customized business software implementations, NexusTek employs top talent, offers personalized attention, and brings nearly 22 years implementing technology best practices for companies nationwide.
For more information: http://www.nexustek.com/
About Abry Partners
Abry is an experienced and successful media, communications, and business and information services sector-focused private equity investment firms in North America. Since their founding in 1989, they have completed over $77 billion of leveraged transactions (including many roll-up investment strategies) and other private equity, mezzanine or preferred equity investments. Currently, they manage over $5.0 billion of capital in their active funds.
Because Abry brings deep industry insight to the investment process, they are able to quickly understand key issues, accurately assess opportunity, value, and risk, and bring relevant information to bear. They partner with skilled executives and invest significant capital to help build stronger companies and industry leaders.