Momentum, a global provider of managed cloud services and next-gen managed network solutions, has entered into a definitive agreement to acquire Asset Black, a Savannah, Ga.-based managed network provider. The strategic acquisition will expand Momentum’s geographic reach, bolstering its scale and reinforcing its position as a provider of managed network solutions while offering specialized reach and services within the financial technology sector.
The acquisition of Asset Black represents a transformative step forward for Momentum, continuing the company’s managed network growth and enabling entrance into new verticals including financial services.
By combining the strengths and expertise of both companies, Momentum will be positioned to deliver greater value to its combined customers and capitalize on its complete managed cloud services portfolio including voice, global connectivity and managed network.
The transaction is expected to close later this year pending regulatory approval.
G2 Capital Advisors served as the exclusive buy-side advisor to Momentum on the acquisition.
