While the office technology space is certainly not a sport, the first two weeks of 2022 definitely give the appearance of a trading deadline fast approaching. Although there are no championships at stake, several more leading contenders in the office dealer “league” pulled off acquisitions aimed at bolstering their ability to compete in 2022.
We have three noteworthy transactions to pass along this week. Donnellon McCarthy Enterprises (DME) added Dollet Managed Services, Novatech picked up ManagedPrint and The Network Pro scooped up Nextrio. Here are the details:
DME, a leading office technology solutions company, announced the acquisition of Dollet Managed Services, a master managed services provider and IT aggregator based in San Diego. Dollet provides services to IT companies throughout the U.S. The acquisition of Dollet gives DME a nationwide presence and provides DME a path to partner with copier dealerships throughout North America on managed IT services and cybersecurity.
“Dollet Managed Services is a great addition to the DME family. Matt McCutchan has a great organization that has taken care of its partners and clients by delivering world-class service. Since initially partnering with Matt and his team, they have guided us to exponential growth! We are excited about the future of our business and now we have resources to help others grow their IT services. Dollet Managed Services strengthens our commitment to being an industry leader in IT. We’re keeping their model and growing it,” said Jim George, president of Donnellon McCarthy Enterprises.
Managed Office pioneer Novatech has expanded its coverage and portfolio with the acquisition of ManagedPrint, a managed print services (MPS) leader headquartered in Columbia, South Carolina.
Novatech serves the IT, print, cloud and security needs of businesses nationwide, and the acquisition complements the company’s mission of delivering the complete Managed Office. Novatech is a core portfolio company of Trivest Partners, a leading founder-friendly private investment firm.
ManagedPrintdelivers customized print services and solutions and supports the leading hardware brands preferred by businesses. Known for its industry expertise, the company provides MPS to health care, banking, public sector and other markets.
“Managed Print Services, now more than ever, provide critical solutions for today’s ever-changing business office, and we’re committed to bringing this capability to a wider audience. As proof, we completed four acquisitions in the past twelve months, including this one,” said Dan Cooper, Novatech CEO. “The addition of the ManagedPrint solution portfolio and their tenured team brings an unparalleled level of support to our MPS portfolio. This acquisition gives us complete service coverage across the state of South Carolina for our combined customers.”
“This is a milestone for ManagedPrint as a company and for our employees,” said ManagedPrint President Rich Houghton. “ManagedPrint customers already receive outstanding support. Now they’ll benefit from shared best practices and innovation, while our team gains growth and development opportunities. These were strong motivations for us to partner with Novatech.”
This acquisition solidifies Novatech’s position as a leading provider of Managed Office solutions across the United States. As a result, more businesses will benefit from the economies, security and scale of the Novatech Managed Office approach.
The Network Pro-Nextrio
Mike Dudek and Rich Wisniewski of Zygoquest Group served as the advisor to Nextrio L.L.C., and its owners Michael Bernstein, Bradley Feder, Cristiane Street, Joseph Cracchiolo and William Street, on the sale of its membership interests to The Network Pro Inc. of Anaheim, California. Terms of the transaction are confidential.
Founded in 2002, Nextrio is headquartered in Tucson, Arizona. The dealer has delivered IT services and solutions to over 1,500 clients in the Southwest United States, including advanced technology consulting, IT managed services, cloud services, IT infrastructure and virtualization, data backup and disaster recovery planning, among others.
About Donnellon McCarthy Enterprises
Since 1957, Donnellon McCarthy Enterprises (DME) has been on a technology advancement stage, transforming businesses by providing a powerful array of process automation in both the digital imaging industry and intelligence tools for software. By focusing on providing total business solutions, DME ensures that our clients have all the resources necessary to improve efficiency, reduce costs, and achieve performance benchmarks. Thousands of organizations, both large and small, trust DME to handle their technology needs. Our broad scope of services encompasses an extensive portfolio of office equipment, document automation and technology solutions, and our highly tenured team has deep experience across multiple verticals including education, legal, health care, finance and the public sector.
About Dollett Managed Services
Dollet Managed Services provides technology services based in North America with 24×7 availability and enterprise-level resources to IT providers and clients throughout the US. Dollet’s key offerings are IT consultancy, vCIO services, cybersecurity, Help Desk, NOC (Network Operating Centers) and Business Continuity. Dollet provides a personal connection to aggregated IT services and doesn’t sell just on the SKUs like the bulky distributor. We’re a strong team of IT engineers who thrive on rolling up their sleeves and solving IT problems and meeting business needs.
Founded in 1998, Novatech Inc. is a nationwide business technology provider. The company eliminates the need for multiple managed service providers, hardware dealers and software integrators. Offering a full Managed Office portfolio, Novatech simplifies and streamlines the technology experience for today’s business.
Trivest Partners LP is a private investment firm that focuses exclusively on the support and growth of founder-led and family-owned businesses in the United States and Canada in both control and non-control transactions. Since its founding in 1981, Trivest has completed more than 350 transactions, totaling approximately $7 billion in value.
Nextrio’s clients represent diverse industries including professional services such as financial, legal, and insurance firms; health care, automotive, high-tech manufacturing, hospitality, cross-border supply chain importers and exporters, property management, renewable energy and non-profit firms.
About The Network Pro
The Network Pro Inc. was founded in 2003 with a mission to help small and medium-sized businesses get a real return on their technology investments. Since its founding, The Network Pro has dedicated itself to providing state-of-the-art IT support, services and products that enable clients to achieve greater success while getting ahead of the competition.
About Zygoquest Group and Mike Dudek
Mike Dudek, an attorney and CPA, is the owner of Zygoquest Group “seeking to unite” which provides customized merger & acquisition services to buyers & sellers of companies. Zygoquestis the No. 1 M&A authority in the office products industry. Dudek and Rich Wisniewski are authors of over 500 consummated M&A transactions including many technology services acquisitions during their careers. Prior to founding Zygoquest, Dudek was vice president of acquisitions for IKON Office Solutions, a $5.5 billion NYSE company acquired by Ricoh Corporation. Dudek has evaluated transactions ranging from the smallest transactions to the largest deals in the office products industry – from million-dollar deals to multi-billion-dollar deals. The Zygoquest website contains deals you will recognize.
About Law Office of Mike Dudek
Mike Dudek also owns the Law Office of Mike Dudek which provides owners and executives with customized and affordable legal services on mergers and acquisitions and other complex business transactions.