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Drake Star Partners advises NexusTek on recapitalisation by Abry Partners

Nexus Technologies (NexusTek) has completed its recapitalisation by Abry Partners. Drake Star Partners acted as the exclusive financial advisor to NexusTek on the transaction.

Founded in 1996, NexusTek is an award-winning provider of managed IT services across the client lifecycle. NexusTek delivers Cloud solutions, Managed IT Services, and Application Consulting to more than 1,200 small and midsize businesses based in Denver, Arizona and across the Front Range. Utilising a customer-centric approach, NexusTek recommends the best technology to meet current and future needs, implements the recommended solution, and manages the ongoing operation of those systems.
 
Prior to the transaction, NexusTek was a portfolio company of Lightview Capital, Resolute Capital Partners, and Harbert Management Company.
 
Mike Jenner, CEO of NexusTek, says: “Jeff Baker and the Drake Star team ran an expedient and tailored process that enabled us to efficiently find the optimal partner to achieve our long-term growth strategy. Their valuable counsel, relationships with key industry players, and sector expertise were critical in driving a great result for the company.”
 
“It was a pleasure working with Mike and his team to achieve this outcome and position the company to reach its long-term goals. They have built a strong platform in the West and are well-positioned to become a dominant regional player with the support of Abry as their partner,” says Jeff Baker, Partner at Drake Star. “This transaction continues the consolidation trend occurring in the MSP market, a trend we expect to continue in the coming months.”

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