Morganville-based Breakthrough Technology Group and Denver-based NexusTek jointly announced Thursday that the two companies have merged.
The new entitiy, effective April 3, will be marketed under the NexusTek brand. It will focus on service and customizable solutions that address touchpoints in an organization’s technology.
NexusTek’s merger with BTG is its fourth merger and acquisition deal in less than four years, and the first of several planned for 2018, the company said.
Abry Partners, a media, communications, business and information services-focused private equity firm, helped spearhead the merger.
“Abry believes that as businesses continue struggling with their cloud migrations, there is an immediate opportunity for a service provider to distinguish itself as the single partner that can help them navigate an increasingly turbulent and complex environment,” said James Scola, a principal with Abry. “By merging BTG with NexusTek, we hope to empower organizations with a nationwide partner that allows them to increase their competitive advantage with technology. NexusTek will be unique in its ability to answer this demand and will emerge as a leading national cloud and managed service provider.”
Financial terms of the merger were not disclosed.
“Businesses today need IT solutions that are convenient, flexible and purpose-built for their specific workflows,” said NexusTek CEO Mike Jenner. “Agility is paramount in every industry, and successful companies that stay ahead of their competition are the ones that can adapt to changes in the marketplace without sacrificing productivity.”
NexusTek focuses on IT support and outsourcing including help desk, cloud services, VoIP, cyber security services, server monitoring and Microsoft Dynamics.
BTG is a national managed private cloud service provider.
“Realizing that customers today want IT services that are delivered simply and suit their specific needs, allows us to help them extract true value from their technology,” said BTG Founder Jeff Kaplan. “Through this union, NexusTek is uniquely equipped to help companies small and large increase productivity, lower costs and improve business outcomes. Further, the ability to pivot operations is essential in regulated industries like financial services and health care, in which remaining compliant can be a moving target.”
Kaplan will become chief revenue and strategy officer for NexusTek.
