BTG: Abry Partners Merges NexusTek with Breakthrough Technology Group

DENVER and MORGANVILLE, N.J., May 17, 2018 (GLOBE NEWSWIRE) -- Breakthrough Technology Group (BTG) and NexusTek today announced that the two companies have merged, integrating two of the nation's top service providers. Effective April 3, 2018, the combined entity will be marketed under the NexusTek brand and bring to market an unrivalled portfolio of customizable solutions that can address the critical touchpoints in an organization's technology environment.Founded in 1989, Abry Partners is an experienced media, communications, business and information services-focused private equity investment firm in North America. In December 2017, the Boston-based private equity firm made a majority investment in BTG and completed a recapitalization with NexusTek.NexusTek's impressive growth trajectory reflects an aggressive strategy to increase marketshare through both organic and inorganic means. The company's merger with BTG is its fourth M&A transaction in less than four years, and the first of several planned for 2018."Abry believes that as businesses continue struggling with their cloud migrations, there is an immediate opportunity for a service provider to distinguish itself as the single partner that can help them navigate an increasingly turbulent and complex environment," said James Scola, a principal with Abry. "By merging BTG with NexusTek, we hope to empower organizations with a nationwide partner that allows them to increase their competitive advantage with technology. NexusTek will be unique in its ability to answer this demand and will emerge as a leading national cloud and managed service provider."Inclusive of the merger with BTG, NexusTek has grown at a CAGR of 34% over last three ...Full story available on Benzinga.com