PHNS, a portfolio company of Nautic Partners, has acquired AmeriVault Corp., a provider of managed data protection and offsite storage services. No financial terms were disclosed. AmeriVault was advised by Madison Parker Capital.
Madison Parker Capital is pleased to announce that AmeriVault Corporation (“AmeriVault”) has been acquired by PHNS, a portfolio company of Nautic Partners. Madison Parker Capital originated, negotiated and executed this transaction on behalf of PHNS while acting as its exclusive financial advisor. AmeriVault was represented by Bank Street.
Founded in 1998, AmeriVault is a recognized leader in managed data protection and offsite storage services, including online backup, disk-based recovery, high availability, email archiving, and data lifecycle solutions. Backed by a SAS70 (Type II) certification, AmeriVault's solutions employ aggressive security and redundancy safeguards while ensuring business continuity, seamless disaster recovery, and regulatory compliance. For more information about AmeriVault, please visit www.amerivault.com.
“AmeriVault is one of the most highly regarded companies offering electronic data protection services to small and medium sized businesses, and we're very excited to combine AmeriVault's data protection business with PHNS's data protection business,” said Scott Thompson, President of PHNS' subsidiary, NTG. “We're very pleased that AmeriVault's strong management and employee team will join with us to continue to offer outstanding customer service and a broad array of electronic data protection services to businesses at a reasonable cost.”
“AmeriVault and PHNS' NTG together share significant depth in delivering managed and hosted solutions, especially with regard to data protection and recovery,” said Bud Stoddard, founder and chief executive officer of AmeriVault. “The combination of expertise, resources and customer bases will provide a strong competitive advantage that will benefit our customers.”
The acquired NTG business will be operated as a separate wholly-owned subsidiary of PHNS, with Mr. Thompson serving as the president and chief executive officer and with NTG's management and employees continuing in their current positions.
About Madison Parker Capital
Madison Parker Capital, LLC is an independent, boutique merchant bank, specializing in mergers & acquisitions and private placements. The firm's primary focus is on middle-market companies headquartered in the United States, operating with revenues between $5 million and $150 million in a diverse range of industries. The firm's goal is to provide unbiased, innovative financial advice by taking the time to truly understand the needs of its clients and then devising a strategy that best fits those objectives.
For more information about Madison Parker Capital, please visit: www.madisonparkercapital.com.