New State Capital Partners has teamed up with the management team at NWN Corporation to jointly invest in the cloud and managed services provider. Terms of the deal have not been disclosed.
Founded in 2000, NWN helps commercial and public sector clients achieve outstanding results by providing a complete range of information systems services and solutions from the industry’s leading vendors, complemented by high-touch service. NWN serves customers in the healthcare, education, manufacturing, media, financial services, professional services, and state and local government. NWN was among the first in the US to achieve Cisco’s Master Cloud Builder Specialisation; the company also has strategic relationships with Hewlett-Packard, Microsoft, NetApp, EMC, Intel and VMware. With long-term, trusted customer relationships, NWN has served more than 2,600 customers in 49 states.
John Beauclair, Partner at New State Capital Partners, says: “We are very pleased to partner with Mont Phelps and the talented management team at NWN. As a company that is constantly innovating and strengthening its strategic relationships with the leading technology and cloud companies in the world, NWN is able to offer clients the most up to date technology and solutions. With its history of developing long-term customer relationships, NWN is uniquely positioned to help clients leverage new technology to improve business performance.”
NWN CEO Mont Phelps, says: “After years of investment, NWN is experiencing exciting growth, and we look forward to working with the New State team as we position the company for its next phase. Our high touch solution-driven model has proven very effective, as companies, educators and the government welcome our knowledge, availability, and broad service offering. We look forward to helping our clients take advantage of technology as it evolves, especially by bringing the best that the cloud has to offer to their enterprises.”
In addition to Phelps, NWN management will remain in place and continue with significant ownership, including Skip Tappen as president and COO, and Kevin Bullock as CFO.
