ABRY Partners has acquired NexusTek, an IT services and consulting firm that provides regional IT support and outsourcing services including help desk, cloud services, VoIP, cybersecurity, server monitoring and customer relationship management (CRM).
NexusTek has more than 1,200 small and medium-sized business (SMB) customers in Denver, Boulder, Fort Collins, Colorado Springs, and other metro areas throughout the Rocky Mountain region as well as the Phoenix metro area. The company has two Network Operations Centers, one in Greenwood Village, CO (near Denver) and the other in Phoenix and employs 110 technology consultants and operations staff. NexusTek, founded in 1996, is led by CEO Mike Jenner and is headquartered in Greenwood Village (www.nexustek.com).
“ABRY believes that the demands of the SMB market will increase as businesses struggle to move to the cloud, protect themselves in an increasingly complex cyber security environment and enhance their competitiveness using technology,” said Brian St. Jean, a Partner with ABRY. “We are excited to be able to help NexusTek accelerate their efforts to become one of the premier managed services providers in the country.”
ABRY invests in the media, communications, and business and information sectors. The firm is currently managing $5 billion of total capital and investing out of a $1.9 billion private equity fund, a $950 million senior equity fund and a $1.5 billion senior debt fund. ABRY was founded in 1989 and is headquartered in Boston (www.abry.com).
“Our decision to partner with ABRY will ensure we can continue to invest in providing the best solutions and service to our customers,” said Mr. Jenner. “We are available 24/7/365 to ensure our customers are able to take advantage of the Cloud, increasing complex cybersecurity and an expanding mobile workforce.”
ABRY’s investment goal for NexusTek is to have it become the leading managed services provider in the Mountain West region and the firm has reserved capital to support this targeted growth.
© 2017 Private Equity Professional | December 14, 2017
