New State Capital Partners has invested in NWN Corp. Financial terms weren’t announced. NWN’s management team is also investing. NWN provides information systems services and solutions. Chin Pandya at Houlihan Lokey and Steven Navarro at Morgan Lewis advised New State Capital. Jonathan Ohm and Byron Nelson at Deloitte Corporate Finance provided financial advice to NWN.
NEW YORK, NEW YORK – October 19, 2015 – New State Capital Partners and NWN Corporation today announced that they have joined forces to drive growth in IT services and solutions nationwide. New State and NWN’s management team are jointly investing in NWN’s growth plan to build upon the company’s track record of success in a broad range of IT solutions including cloud and managed services. Terms were not disclosed.
Founded in 2000, NWN helps commercial and public sector clients achieve outstanding results by providing a complete range of information systems services and solutions from the industry’s leading vendors, complemented by high-touch service. NWN serves customers in the healthcare, education, manufacturing, media, financial services, professional services, and state and local government. NWN was among the first in the U.S. to achieve Cisco’s Master Cloud Builder Specialization; the company also has strategic relationships with Hewlett-Packard, Microsoft, NetApp, EMC, Intel and VMware. With long-term, trusted customer relationships, NWN has served more than 2,600 customers in 49 states.
John Beauclair, Partner at New State Capital Partners, said, “We are very pleased to partner with Mont Phelps and the talented management team at NWN. As a company that is constantly innovating and strengthening its strategic relationships with the leading technology and cloud companies in the world, NWN is able to offer clients the most up to date technology and solutions. With its history of developing long-term customer relationships, NWN is uniquely positioned to help clients leverage new technology to improve business performance.”
NWN CEO Mont Phelps said, “After years of investment, NWN is experiencing exciting growth, and we look forward to working with the New State team as we position the company for its next phase. Our high touch solution-driven model has proven very effective, as companies, educators and the government welcome our knowledge, availability, and broad service offering. We look forward to helping our clients take advantage of technology as it evolves, especially by bringing the best that the cloud has to offer to their enterprises.”
In addition to Phelps, NWN management will remain in place and continue with significant ownership, including Skip Tappen as president and COO, and Kevin Bullock as CFO.
Included in NWN’s complete range of information systems services and solutions are unified communications services, data center and virtualization, network infrastructure, end user computing, applications and data services, IT staffing services, and managed services.
NWN has earned numerous awards recognizing its focus, commitment, and dedication to helping customers solve their business problems. Recently, CRN recognized NWN as one of the fastest growing companies in the IT services industry, and also named Phelps as one of the Top 25 Disruptors of 2015. NWN is also a frequent recipient of partner awards and certifications from the world’s leading tech companies including Cisco, Citrix, HP, Intel, McAfee, Microsoft, and NetApp, and most recently received Cisco’s highest honor for customer service for the 14th consecutive year.
New State Capital Partners was advised by Chin Pandya at Houlihan Lokey and Steven Navarro at Morgan Lewis. NWN was advised by Jonathan Ohm and Byron Nelson at Deloitte Corporate Finance.
About NWN Corporation
NWN Corporation, a nationwide firm, made its name by helping clients solve their business problems through technology. With more than 550 employees in 12 offices in the US, NWN provides clients with a complete range of information systems services and solutions. These include unified communications services, data center and virtualization, network infrastructure, end user computing, applications and data services, IT staffing services, and managed services. Learn more atwww.nwnit.com.
About New State Capital Partners, LLC
New State Capital Partners, LLC is an entrepreneurial-minded private equity firm that is more nimble, more decisive and more cooperative than larger, institutional firms. New State prides itself on a long-term outlook, approaching each potential investment as an opportunity to create lasting and valuable relationships, rather than as an exercise in meeting rigid investing criteria. The firm is very flexible about the structure of its investment and focuses on growth and add-on investment. New State invests in market-leading companies with $8 million to $30 million of EBITDA in the areas of business services, healthcare services and industrials, and has in excess of $250 million in assets under management. For more information visit www.newstatecp.com.