Kian Capital Partners has recapitalized two IT-managed service providers: Shreveport, Louisiana-based Enterprise Computing Services and New Orleans-based My IT. No financial terms were disclosed. Robinson, Bradshaw & Hinson, P.A. was legal adviser to Kian on the transactions.
JAN 27, 2020
Kian Capital Partners (“Kian”), a middle-market focused private investment firm, announced today that in partnership with management it has completed a majority recapitalization of Shreveport, Louisiana-based Enterprise Computing Services (“ECS”) and New Orleans-based My IT (together, the “Company”), both leading IT managed service providers with a full suite of services and solutions for small and mid-size businesses.
Led by Kevin Cook, CEO of ECS, the combined company will rank among the leading managed service providers nationally, establishing a strong platform for future growth within a highly fragmented industry. Together, with a team of over 70 highly skilled professionals, the companies will continue delivering industry leading IT managed services, including remote monitoring, technical support, hosted cloud, disaster recovery, virtual CIO and security services.
“ECS and My IT have each forged successful, growing businesses by establishing enduring client relationships, solution-oriented service and support, and professional, responsive teams,” said Cook. “Kian’s collaborative approach made them the perfect partner for us as we seek to capitalize on a number of growth initiatives. It was clear from the start that they don’t just provide capital, but offer an experienced team to help drive value through a partnership-oriented approach.”
Kian’s investment will provide the support needed for the Company to execute on its growth strategy, including the pursuit of additional acquisitions to broaden its service territory, offerings and capabilities to better serve its expanding client base. The combined company will eventually adopt the My IT brand across all of its operations.
Matt Levenson, Partner at Kian Capital, commented, “ECS and My IT are two industry leading managed service providers differentiated by their full suite of cutting-edge solutions offered to a growing and loyal customer base. We are excited to partner with and support Kevin and the collective teams at ECS and My IT to help develop strategies that will further accelerate growth and provide clients with exceptional IT services and solutions that meet their complex needs.”
In addition to the Company’s management, Kian partnered with Charlotte-based private investment firm ParkSouth Ventures on this transaction.
Robinson, Bradshaw & Hinson, P.A. acted as legal advisor to Kian. Terms of the transaction were not disclosed.
Kian’s collaborative approach made them the perfect partner for us as we seek to capitalize on a number of growth initiatives. It was clear from the start that they don’t just provide capital, but offer an experienced team to help drive value through a partnership-oriented approach.
ABOUT ENTERPRISE COMPUTING SERVICES AND MY IT
The combined Company of ECS and My IT is a leading managed service provider for IT services to small and mid-size businesses. The Company offers a broad set of services including managed IT, remote monitoring, technical support, hosted cloud, disaster recovery, virtual CIO and security services. Today, the Company’s team consists of more than 70 highly skilled professionals serving Louisiana and the surrounding Gulf South region.