Svoboda Capital Partners has sold SWC Technology Partners, acquired in August 2014, to BDO USA.
SWC Technology Partners (SWC) is a provider of information technology consulting and managed services to the middle-market, serving both business-to-business and business-to-consumer customers primarily in the Midwest and Chicago metropolitan area. The company has more than 200 employees and is headquartered in the Chicago suburb of Oak Brook with an additional office in Indianapolis (www.swc.com).
BDO USA is the United States member firm of BDO International, a global accounting network. The company’s services include a wide range of tax, audit and advisory services. BDO USA is headquartered in Chicago (www.bdo.com).
SWC will operate as a wholly-owned subsidiary of BDO USA with all current personnel continuing to operate from SWC’s Oak Brook and Indianapolis offices. Bob Knott, President of SWC, along with other members of the SWC management team, will be joining BDO as new principals.
“Our partnership with Svoboda Capital has enhanced the long-term growth and success of SWC and has been an enjoyable experience along the way,” said Mr. Knot. “By joining BDO, a leading national brand with expansive global resources, we will have a wider platform and more delivery channels to continue building upon our success.”
“On behalf of Svoboda Capital, it has been a pleasure to work with the team at SWC. Under management’s leadership, the team continues to strengthen its professional services domain expertise, striving to provide the highest quality service offering to its mid-market clients,” said Jeffrey Piper, Managing Director at Svoboda Capital. “We are proud of our association with the company and remain steadfastly interested in SWC’s continued success as part of BDO.”
Svoboda invests from $10 million to $20 million in business services, value-added distribution, and consumer products companies that have revenues from $10 million to $100 million and EBITDAs from $3 million to $15 million. The Chicago-based firm was founded in 1998 and has over $350 million of capital under management (www.svoco.com).
Petsky Prunier (www.petskyprunier.com) was the financial advisor to SWC and Katten Muchin Rosenman (www.kattenlaw.com) provided legal services.
© 2018 Private Equity Professional | July 13, 2018
