VSS portfolio company Coretelligent, a provider of comprehensive managed IT and private cloud services, has acquired managed services IT firm United Technology Group. Financial terms of the private transaction have not been disclosed.
United Technology Group specialises in co-managed technology services, including cybersecurity, professional services, hardware and software sourcing. United Technology Group is a leading cloud reseller and IT managed services provider in the Southeast, offering collaborative support and business technology alignment to a broad base of customers in the region.
With this acquisition, Coretelligent cements their nationwide reach by adding an office in Atlanta, joining the four current Coretelligent locations including their Boston headquarters and offices in New York, Philadelphia and San Francisco. The acquisition brings together two organisations that are focused on creating a superior service model for their clients and extends Coretelligent’s White Glove service model throughout the Southeast. “Coretelligent’s focus on being a true partner for our clients means always looking for ways to improve our service offerings and depth of knowledge. Our acquisition of UTG reinforces our commitment to support organisations in high-touch sectors such as financial services and health sciences with technology support and security services that they can trust.” says Coretelligent Founder and CEO, Kevin J Routhier. Routhier will serve as President and CEO of the combined companies.
“UTG’s comprehensive managed services offering and long-tenured customer base in the Southeast is a great fit for Coretelligent,” says Trent Hickman, Managing Director, VSS. “The acquisition reflects VSS’s ability to partner with outstanding management teams to identify and execute upon growth opportunities, both organic and through strategic acquisitions, that improve the growth trajectory of their businesses.”
Hickman said that several UTG leaders will be joining Coretelligent’s Executive Team in the coming months, including Brian Miller, President of UTG and Eric Dykes, CEO of United Technology Group.
“United Technology Group has developed core competencies and deep client relationships that will only be enhanced by the national platform and technology resources that will now be accessible as it joins Coretelligent. Today’s announcement is very good news for our clients and for our team.” says Price Harding, Chairman of United Technology Group and Founding Partner at CarterBaldwin Executive Search.
Brian Miller, who will be joining Coretelligent’s Executive Team as SVP Business Development, Southern Region, says: “The connections that we have formed as a part of United Technology Group will thrive with the addition of Coretelligent’s robust suite of resources to our services lineup. Clients will appreciate the consistency of continuing to work with their known partners, while gaining access to world-class tools and advanced security processes from Coretelligent.”
“It is always crucial for our clients to feel confident that their needs will be considered during an acquisition,” states Eric Dykes. “My new role as SVP Operations, Southern Region, for Coretelligent will allow me to weave together best practices from both organisations in a way that supports the needs of our constituents while causing minimal disruption to operations.”
The acquisition brings together the two organisations under the name Coretelligent, resulting in an expanded base of 140 full-time employees.
