Mytech Partners Acquires Synergy Services


MINNEAPOLIS, MN, April 4, 2013 -- Cogent Growth Partners, LLC (Cogent) announced today that they advised Mytech Partners (Mytech), one of Minnesota's top managed services and information technology solutions provider for small to mid-size businesses, on its recently announced acquisition of Synergy Services (Synergy), a Minneapolis-St. Paul headquartered provider of information technology and managed services. The combined companies will provide managed and professional IT services to businesses throughout North America. Synergy owner Benjamin Moyer will remain with Mytech as a key member of the sales team.

The acquisition of Synergy Services is fully aligned with Mytech's strategy of assured growth through enhanced capabilities, expanded services and geographic footprint. "Acquiring Synergy is an important step in our growth strategy and vision to provide the best IT solutions in North America," said Lyf Wildenberg, President and CEO of Mytech. "The addition of Synergy Services will allow us to provide a wider array of services and more depth to our customers and employees. I am delighted to welcome Synergy's staff with their expertise and world class customer service to the Mytech team."

Regarding the announcement, Benjamin Moyer stated: "Mytech Partners shares many of the same values and business practices as Synergy and is dedicated to providing the best possible customer service experience. Moving forward, we will be able to provide many new services and areas of expertise."

“To successfully integrate the operations, clients and people of two companies we look for areas of consolidation, potential opportunities and similar corporate culture,” stated George Sierchio, a Partner at Cogent. “This transaction is a great example of how that thought process creates a better and more robust combined entity.” 

About Cogent

Cogent Growth Partners (www.cogentgrowthpartners.com) is a buy-side merger & acquisition advisory firm that combines IT industry-specific transaction know-how with deep operational expertise, to work exclusively with clients in the IT and Managed Services industry.  Cogent helps create superior companies that deliver exceptional financial results and improved equity value for the owners – all while mitigating many of the risks associated with planning and executing acquisition or exit strategies.

About Mytech Partners

Privately held Mytech Partners (mytech.com), founded in 2000, provides professional and managed IT services, cloud solutions, 24x7 NOC monitoring, help desk support for customers and other IT solution providers throughout North America. 

About Synergy Services

Synergy Services, founded in 2000, provides information technology consulting services, network and computer maintenance services, managed IT services, and IT related product resale to its clients.

Media Contact: Rick Murphy, Cogent Growth Partners, 678-825-7881 rick@cogentmergers.com


Posted on Apr 04, 2013