Breakthrough Technology Group (BTG) and NexusTek have announced that the two companies have merged, integrating two of the nation’s top service providers.
The combined entity will be marketed under the NexusTek brand and will bring to market a strong portfolio of customizable solutions that can address all the critical touchpoints in an organization’s technology environment.
Founded in 1989, Abry Partners is an experienced media, communications, business and information services-focused private equity investment firm. In December, the Boston-based private equity firm made a majority investment in BTG and completed a recapitalization with NexusTek.
NexusTek’s impressive growth trajectory reflects an aggressive strategy to increase market share through both organic and inorganic means. The company’s merger with BTG is its fourth M&A transaction in less than four years, and the first of several planned for 2018.
“Abry believes that as businesses continue struggling with their cloud migrations, there is an immediate opportunity for a service provider to distinguish itself as the single partner that can help them navigate an increasingly turbulent and complex environment,” said James Scola, a Principal with Abry. “By merging BTG with NexusTek, we hope to empower organizations with a nationwide partner that allows them to increase their competitive advantage with technology. NexusTek will be unique in its ability to answer this demand and will emerge as a leading national cloud and managed service provider.”
Inclusive of the merger with BTG, NexusTek has grown at a CAGR of 34 percent over last three years and currently serves more than 1,200 organizations. Together, the companies will accelerate growth by delivering better service, a leading service portfolio in the industry, and faster product development which will empower customers to keep pace with the rapidly evolving cloud and cyber security environment.
“Businesses today need IT solutions that are convenient, flexible and purpose-built for their specific workflows,” said NexusTek Chief Executive Officer, Mike Jenner. “Agility is paramount in every industry, and successful companies that stay ahead of their competition are the ones that can adapt to changes in the marketplace without sacrificing productivity.”
Headquartered in Denver, NexusTek is the market leader for IT support and outsourcing including help desk, cloud services, VoIP, cybersecurity services, server monitoring and Microsoft Dynamics. NexusTek serves businesses across the country, providing IT solutions and professional recommendations to strengthen the customers IT infrastructures. Through SSAE 16 SOC II certification, NexusTek has proven its adherence to rigorous, industry-accepted auditing standards for service companies.
BTG, headquartered in New Jersey, is a market-leading, national managed private cloud service provider that supports customers’ business and compliance needs, regardless of industry, in flexible, dedicated environments. Adaptable Cloud Services, the company’s private cloud services portfolio, is hosted in geographically redundant SSAE 16-certified data centers that leverage a software-defined architecture to bring together storage, compute, and other elements into a single solution optimized for managing customized enterprise workloads in the cloud. Also setting BTG apart from “infrastructure only” service providers is an expansive solutions portfolio layered on top of its converged infrastructure. Enhanced monitoring provides the unfettered visibility to ensure that customers’ applications perform optimally.
“Realizing that customers today want IT services that are delivered simply and suit their specific needs, allows us to help them extract true value from their technology,” said BTG Founder, Jeff Kaplan, who is now Chief Revenue and Strategy Officer for NexusTek. “Through this union, NexusTek is uniquely equipped to help companies small and large increase productivity, lower costs and improve business outcomes. Further, the ability to pivot operations is essential in regulated industries like financial services and healthcare, in which remaining compliant can be a moving target.”
