“We are proud of what we have built at Cubed Group, and we are delighted to join the CompassMSP team to continue our growth,” said Cubed Group CEO William Sanchez. “We are an extension of our customers’ operations team – we’re their IT and telecom partners – and this combination with Compass will enable us to continue delivering high quality services to our customers including in the area of cloud services and security services.” Sanchez will stay on with CompassMSP as Regional Vice President, Miami.
CompassMSP, a portfolio company of Bilgola Capital and other investors, entrepreneurs and technology executives, is an emerging managed service provider (MSP) that provides comprehensive managed IT, private/public cloud, and cyber security services.
In addition to Cubed Group, CompassMSP recently acquired WorldwideIT, headquartered in Jacksonville, Florida, to unite companies with complementary services and to deliver a broad portfolio of capabilities to small and medium businesses in the southeastern U.S. These acquisitions are part of CompassMSP’s plans to build a premier provider of managed services including on-premise, private cloud and public cloud services for small and mid-sized businesses.
Generational Equity’s Senior Managing Director Terry Stidham established the relationship with Cubed Group, and Managing Director Julie Sandoval’s team, led by trusted affiliate Mario Dieckmann with support from Generational Equity VP Rebecca Gruman, successfully closed the deal.
“Working with the sellers and buyer was a pleasure,” said Dieckmann. “Both sides were articulate and professional throughout the transaction.”
About Generational Equity
Generational Equity, part of the Generational Group headquartered in Dallas with over 200 professionals located throughout North America, helps business owners release the wealth of their business by providing merger, acquisition and strategic growth advisory services. Their four-step approach features exit planning education, business valuation, value enhancement strategies, and M&A transactional services. The M&A Advisor recently named the company its 2016 Investment Banking Firm of the Year. For more, visit http://www.genequityco.com or the Generational Equity press room.
For more information:
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/generational-equity-announces-sale-of-cubed-group-to-compassmsp-300471466.html
SOURCE Generational Equity