M&A Deal Summary

NexusTek Acquires Cal Net Technology Group

On August 7, 2018, NexusTek acquired information technology company Cal Net Technology Group from Boathouse Capital and Monroe Capital

Acquisition Highlights
  • This is NexusTek’s 7th transaction in the Information Technology sector.
  • This is NexusTek’s 8th transaction in the United States.
  • This is NexusTek’s 2nd transaction in California.

M&A Deal Summary

Date 2018-08-07
Target Cal Net Technology Group
Sector Information Technology
Buyer(s) NexusTek
Sellers(s) Boathouse Capital
Monroe Capital
Deal Type Add-on Acquisition

Target

Cal Net Technology Group

Chatsworth, California, United States
Cal Net Technology Group, Inc. is a provider of IT services to organizations. Cal Net offers full and partially outsourced IT service and support capabilities, cloud capabilities, infrastructure design and implementation, security services, and unified communications to the Southern California small and medium sized businesses (“SMB”) market. Cal Net Technology Group, Inc. was founded in 1995 and is based in Chatsworth, California.

Search 201,429 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Buyer(S) 1

Buyer

NexusTek

Greenwood Village, Colorado, United States

Category Company
Founded 1996
Sector Information Technology
DESCRIPTION

NexusTek is a provider of regional IT support and outsourcing including help desk, cloud services, VoIP, cyber security services, server monitoring and Microsoft Dynamics 365 CRM services. From managed IT services to cloud solutions and customized business software implementations, NexusTek employs top talent, offers personalized attention, and brings nearly 22 years implementing technology best practices for companies across Arizona and the region. NexusTek was founded in 1996 and is based in Greenwood Village, Colorado.


DEAL STATS #
Overall 8 of 8
Sector (Information Technology) 7 of 7
Type (Add-on Acquisition) 6 of 6
State (California) 2 of 2
Country (United States) 8 of 8
Year (2018) 5 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-08-07 Syndeo Technologies

Andover, Massachusetts, United States

Syndeo Technologies is an IT resource for organizations. Syndeo supports a diverse clientele of varying sizes, and in various markets, with 24 x 7 network monitoring, proactive maintenance, ongoing user support, and strategic consulting that improves bottom-line business results. Syndeo Technologies was founded in 2002 and is based in Andover, Massachusetts.

Buy -

Seller(S) 2

SELLER

Boathouse Capital

Wayne, Pennsylvania, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2008
PE ASSETS 2.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Boathouse Capital is a provider of mezzanine and equity capital to lower middle-market companies in a variety of industries. The Firm works in partnership with management teams and private equity firms in funding private equity sponsored buyouts, management buyouts, recapitalizations, refinancings, and growth capital financings. Boathouse can commit up to $25 million per transaction and generally pursues companies with 'exceptional' management, sustainable competitive advantages, growing end markets, 'sticky' business models, and diversified customers. Boathouse seeks companies with at least $10 million in revenues and at least $5 million of EBITDA. Boathouse is based in Wayne, Pennsylvania.


DEAL STATS #
Overall 11 of 23
Sector (Information Technology) 1 of 3
Type (Add-on Acquisition) 6 of 11
State (California) 1 of 2
Country (United States) 11 of 23
Year (2018) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-05-18 Sageworks

Raleigh, North Carolina, United States

Sageworks is a financial information company that provides lending, credit risk and portfolio risk solutions to financial institutions and provides financial analysis and valuation applications to accounting firms and private companies.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-09-26 TapClicks

San Jose, California, United States

TapClicks is a SaaS provider of marketing reporting and advertising operations for agencies, media companies, and their brand clients. TapClicks was founded in 2009 and is based in San Jose, California.

Buy -
SELLER

Monroe Capital

Chicago, Illinois, United States

Investor Investor Investor Investor Investor


Category Lender
Founded 2004
PE ASSETS 14.1B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Monroe Capital is a provider of senior and junior debt and equity co-investments to middle-market companies in the US and Canada. Investment types include unitranche financings, cash flow and enterprise value based loans, asset based loans, acquisition facilities, mezzanine debt, second lien or last-out loans and equity co-investments. Monroe Capital is a generalist investor and will consider companies in the healthcare, technology, media, retail, consumer sectors. Monroe Capital was formed in 2004 and is based in Chicago, Illinois.


DEAL STATS #
Overall 27 of 53
Sector (Information Technology) 2 of 5
Type (Add-on Acquisition) 14 of 27
State (California) 4 of 8
Country (United States) 27 of 53
Year (2018) 4 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-08-01 Playtime

Englewood, Colorado, United States

Playtime is a provider of unique, interactive healthy play areas and soft sculpted playground equipment for indoor, outdoor and water play. Playtime designs, markets, manufactures and installs custom soft sculpted play areas in many market segments including shopping centers, restaurants, airports, stadiums, childcare centers, healthcare centers, fitness centers, churches, resorts, recreation centers, water parks, and museums. Playtime was founded in 2001 and is based in Englewood, Colorado.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-08-14 S&S Health

Mason, Ohio, United States

S&S Health is a Third Party Administrator (“TPA”) specializing in a full service health care delivery system. S&S provides a suite of services including claims adjudication and network management directly to middle-market employers as well as providing these services on an outsourced basis to other TPAs. S&S Health was founded in 1994 and is based in Mason, Ohio.

Buy -