Logically, backed by private equity firm The Riverside Co, acquired Network Support Co. (NSC), a managed IT services provider based in Danbury, Connecticut. The terms of the contract are not disclosed.
FOCUS Investment Banking acted as exclusive financial advisor to Network Support Co. in connection with the transaction. The finance company has advised numerous MSP M&A assignments.
This is the number 71 M&A deal that ChannelE2E has covered so far in 2021. See all tech M&A deals for 2021 and 2020 listed here.
Logical’s acquisition strategy
Founded in 1996, NSC serves local, national and international businesses in more than 35 industries, according to Logically. The NSC team will join Logic, the company said.
Logically aims to become a top ten managed service provider in the United States, actively acquiring successful MSPs along the way. The company says it plans to continue expanding in the coming months. This is Logical’s seventh acquisition. Previous transactions involved the purchase of Personal Computer Resources, Carolinas IT and Sullivan Data Management, among other companies.
With this acquisition, Logical has more than 1,300 customers across the United States
Logically Acquires NSC: The Expanding Footprint
Mike Cowles, CEO of Logical, commented:
“We made the decision to acquire NSC because of its superior customer service, commitment and investment in operational excellence, and achievements in technology innovation. We are thrilled to have their talented team of professionals join us as we continue to expand our footprint, services and leadership in the industry. For nearly 25 years, NSC has built an incredible company, with an incredible corporate culture that matches ours. This partnership reflects the shared values of each of our businesses, which puts customers first, allowing them to entrust their IT needs to us so they can focus on growing their business.
Jim Kennedy, Founder and CEO of NSC, added:
“Joining Logically is an exciting opportunity for our amazing team at NSC. We look forward to partnering with Logically to continue our tradition of supporting our customers with industry-leading technology services and world-class customer support.