Abry Partners has closed its recapitalization of Denver-based NexusTek, an IT services and consulting firm. No financial terms were disclosed.
DENVER (PRWEB) DECEMBER 13, 2017
NexusTek, a leading Denver-based IT services and consulting firm providing services throughout the west, announced today that it has completed a recapitalization with Abry Partners, a Boston-based private equity firm. Headquartered in Denver, NexusTek provides regional IT support and outsourcing including help desk, cloud services, VoIP, cyber security services, server monitoring and Microsoft Dynamics 365 CRM services. Abry and NexusTek are investing to make NexusTek the best Managed Service Provider in the West.
Mike Jenner, NexusTek’s Chief Executive Officer, commented, “Our decision to partner with Abry will ensure we can continue to invest in providing the best solutions and service to our customers. We are available 24/7/365 to ensure our customers are able to take advantage of the Cloud, increasing complex Cyber Security and an expanding mobile work force.”
Founded in 1989, Abry Partners has since proven their ability to succeed by becoming one of the premier media, communications, business and information services-focused private equity investment firms in North America. Their move to invest in NexusTek adds a seasoned and proven Managed IT Provider to their expanding portfolio.
“Abry believes that the demands of the SMB market will increase as businesses struggle to move to the cloud, protect themselves in an increasing complex cyber security environment and enhance their competitiveness using technology”, said Brian St Jean, Partner with Abry. “We are excited to be able to help NexusTek accelerate their efforts to become one of the premier Managed Service Providers in the country.”
“Haynes Mechanical Systems relies on technology to keep our business running efficiently and any downtime directly affects our bottom line,” stated Bob Linhart with Haynes Mechanical Systems. “To address our IT support and cyber security needs, we partnered with NexusTek and have been very pleased. Due to this successful partnership, we now have confidence in making forward-looking decisions in our technology.”
As a portfolio company of Abry Partners, NexusTek has enhanced its already prime position, with over 25% annual growth rate serving over 1,000 customers today, to deliver best-in-class services to small and medium-sized business. NexusTek serves businesses, both locally and nationally, providing IT solutions and professional recommendations to strengthen the customers IT infrastructures. NexusTek’s ability to invest in premier technology solutions creates a scalable environment for clients. With two fully staffed, geographically diverse, Network Operations Centers (NOC), designed for business continuity and operating 24 hours a day, NexusTek is prepared to provide quality IT support and monitoring to its expanding client-base.
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 across Colorado, Arizona and the region. For more information: http://www.nexustek.com/
About Abry Partners
Abry is one of the most 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 $62 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
[Abry maximizes the value of its investments by concentrating on certain industry sectors where they have substantial operating and investment experience. 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.]
Abry invested in NexusTek in November 2017 with the goal of supporting the company in its plans to become the leading managed service provider in the Mountain West region, and they have reserved significant capital to support the company’s growth.