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Dresner partners advised NTIVA on the Acquisition of higher ground managed services
CHICAGO
– August 8, 2019 – Dresner Partners, a leading FINRA-registered, middle-market
investment bank and Mergers Alliance member firm, is pleased to announce that
it advised Ntiva, Inc., a portfolio company of Southfield Capital, on the
acquisition of HigherGround Managed Services.
Terms of the
transaction were not disclosed.
McClean,
Virginia-based Ntiva is a leading provider of managed IT, cloud hosting, cyber
security, unified communications, and strategic consulting services. The company’s objective is to help its
clients leverage their technology investments to improve their business
performance. More information on Ntiva
can be found at www.ntiva.com.
Headquartered
in Rolling Meadows, Illinois, HigherGround Managed Services (HGMS) is a
full-service IT and consulting firm that partners with entrepreneurs and
leaders of small to medium-sized organizations, ensuring they spend more time
managing their core businesses and less time worrying about their IT
infrastructures.
“Dresner
Partners understood our desire for a partner in the Midwest and presented us
with this targeted opportunity that demonstrated exceptional insight and
understanding of our business,” said Steven Freidkin, Founder and CEO, Ntiva,
Inc. “Strategically and culturally,
HigherGround Managed Services is a strong
strategic fit for our business, further enhancing our ability to reach
more customers while maintaining excellent customer service.”
“The
opportunity to serve more clients across the nation with the right expertise
across a full complement of services makes Ntiva the perfect partner for
HigherGround,” said Brian Brammeier, former CEO of HigherGround and now Chief
Strategy Officer (CSO) for Ntiva. “We
are pleased to be part of Ntiva and look forward to providing great solutions
and services to our clients.”
“Ntiva
and HigherGround Managed Services are a strong match,” said Michelle Moreno
CFA, Managing Director, Dresner Partners.
“The synergies between the two companies, coupled with Steve Freidkin’s
visionary leadership and Brian Brammeier’s exceptional work ethic, will fuel
the long-term growth of the company for years to come.”
“More
and more, organizations are outsourcing their IT infrastructure and support to
third-party service providers like Ntiva and HigherGround,” said Steven M.
Dresner, President of Dresner Partners. “We
are pleased that we could advise Ntiva and Southfield Capital on this strategic
investment which will help the company capitalize on this growing market
opportunity.”
About Dresner Partners
Dresner
Partners is a FINRA-registered, middle-market investment bank headquartered in
Chicago, with offices in New York City, Boston, Boca Raton, Fla., and Irvine
and Palo Alto, Calif. For 28 years,
Dresner Partners has provided financial advisory services to middle-market
companies throughout the world including merger and acquisitions advisory,
institutional private placements of debt and equity, financial restructuring,
valuations and strategic consulting services.
Dresner Partners has extensive international and cross-border
transaction experience and is a member of Mergers Alliance, one of the world’s
leading global mergers and acquisitions partnerships focused on the middle
market. An affiliated company, Dresner
Corporate Services, is a strategic communications firm specializing in public
relations, investor relations and corporate development. More information is available at www.dresnerpartners.com.
You can also follow Dresner Partners on Twitter at www.twitter.com/DresnerPartners.
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For
Media Inquiries
David Gutierrez, Head of PR, IR
and Corporate Development, (312)780-7204, dgutierrez@dresnerco.com
For Investment Banking Inquiries
Michelle Moreno CFA, Managing
Director (312)780-7207, mmoreno@dresnerco.com
Steven M. Dresner, President,
(312)780-7206, sdresner@dresnerco.com
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