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15 Dec 2016
Sell-Side Representation of Kansas City Cloud and Managed Services Provider
NEWTON, MA – Dec. 15, 2016 — /BackupReview.info/ — NEF Capital Advisors (NEFCAP), an advisory firm facilitating M&A transactions in the MSP, cloud, IT services and data center industries, today announced the acquisition of Admo.net Web Services, LLC (Admo) by Contegix, LLC. NEFCAP served as the exclusive advisor to Admo. The terms of the transaction were not disclosed.
Admo is a managed service provider offering off-site data backup, managed dedicated servers, managed firewalls and managed colocation. The acquisition of the Kansas City, Missouri-based company follows private equity firm, Strattam Capital’s recent investment in Contegix to further expand the reach of its product suite into new markets.
Contegix’s expansion also includes the acquisition of Reading, Pennsylvania-based IT solutions provider, Distributed Systems Services Inc. (DSS). The combined companies will operate under the name Contegix. As part of the transaction, David Turner will join Contegix as its new CEO.
“This is an excellent first step forward for us as a combined company,” said Mr. Turner. “Admo has built a great relationship with the type of clients that we think are the perfect fit for the Contegix offering in a market that is a great complement to our existing footprint.”
NEFCAP worked closely with Adam Ward, founder and CEO of Admo, to manage all aspects of the transaction. “The NEFCAP team provided a great recipe for success. Their process, resources and people greatly simplified our transaction.”
About Strattam Capital
Source: NEF Capital Advisors
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