Baymark Partners LLC has acquired Lakeland, Florida-based Presidium Network Services LLC, an IT services provider. No financial terms were disclosed. Generational Equity advised Presidium Network Services on the deal.
DALLAS–(BUSINESS WIRE)–Generational Equity, a leading mergers and acquisitions advisor for privately held businesses, is pleased to announce the sale of its client, Presidium Network Services, LLC to Baymark Partners. The acquisition closed September 17, 2019 and details were not disclosed.
Presidium Network Services, located in Lakeland, Florida is an IT service provider. The Company provides managed IT services, cloud computing, VoIP phone services, and disaster recovery.
Located in Plano, Texas Baymark Partners is a growth oriented private equity firm acquiring growing middle market service (healthcare, business and IT), distribution, manufacturing and tech enabled (SAAS and E-Commerce) companies providing owners with liquidity and companies with resources to accelerate their growth. The Firm has made 18 acquisitions since its inception.
Generational Equity Executive Managing Director of M&A – Eastern Region, David Fergusson’s team, led by Sr. M&A Advisor, Mario Dieckmann and supported by Vice President Mergers & Acquisitions, Alex Mironov successfully closed the deal. Executive Managing Director Edward Weber established the initial relationship with Presidium.
According to Dieckmann, “This acquisition was a good match as an add-on for Baymark to their Slappey Communications platform, which will help them to grow the central Florida market. The Presidium team liked the compatibility of the two entities which made for a smooth and congenial transaction.”
About Generational Equity
Generational Equity, Generational Capital Markets (member FINRA/SIPC), Generational Wealth Advisors, and DealForce are part of the Generational Group, which is headquartered in Dallas and is one of the leading M&A advisory firms in North America.
With over 250 professionals located throughout North America, the companies help business owners release the wealth of their business by providing merger, acquisition, and wealth management services. Their five-step approach features exit planning education, business valuation, value enhancement strategies, M&A transactional services, and wealth management.
The M&A Advisor named the company the 2016, 2017, and 2018 Investment Banking Firm of the Year. For more information, visit https://www.genequityco.com/ or the Generational Equity press room.