05 Feb Netech Acquired by Presidio to expand presence in Wisconsin
Supports local IT initiative
Presidio, a national provider of professional and managed services for advanced IT solutions, announced that it has completed its’ purchase to acquire the business of Netech Corporation. Presidio is now a $2.8 billion company with 2,700 employees in over 60 offices serving more than 6,500 clients. Netech will operate as “Netech, a Presidio Company,” transitioning to the Presidio brand in the next 60 days. Presidio plans to maintain and expand their presence, and employee talent in Wisconsin and currently has an office in Middleton.
“Netech clients will immediately benefit from Presidio’s national scale and advanced solutions in cloud, cyber security, IoT and managed services. Presidio clients will also see the benefit of a greater depth of resources at their disposal in local upper Midwest markets,” said Bob Cagnazzi, Chief Executive Officer of Presidio. In recognition of the support of Wisconsin clients, and strong sense of social responsibility, the company has made a significant donation to the IT Academy, Sponsored by the UW-Madison, ITA is a pre-college technology access and training academy for diverse students attending Wisconsin public schools. Their mission is to prepare these students for technical, academic, and personal excellence in today’s Information Age. IT Academy graduates who are admitted to degree-seeking programs at the UW-Madison will receive an in-state tuition grant for up to four years, paid for by some form of grant or gifts, including financial aid.
Netech is a privately held, family owned, IT services and solutions integrator with revenues in excess of $325 million. It was founded 19 years ago by James Engen and is headquartered in Grand Rapids, Michigan. Netech’s 11 offices throughout the Midwestern United States create a regional footprint that is leveraged to deliver core offerings to customers such as design, integration and optimization of data center and cloud, network and physical security, collaboration, and enterprise networking solutions. Those customers represent a broad variety of segments and industries including healthcare, government, and education. Customers benefit from Netech’s service centric approach that is supported by more than 430 employees and almost 200 engineers who hold over 1,200 technical certifications. Netech is recognized as one of Cisco’s top regional partners based on its performance in Michigan, Illinois, Indiana, Wisconsin, Ohio, and Pennsylvania.
“Netech has had an exceptional growth record over 19 years, a proven track record of performance and is strongly aligned with our business model, our core competencies and our corporate values,” stated Bob Cagnazzi, Chief Executive Officer of Presidio. “The addition of Netech will provide Presidio with a well-established, high-performing team in an important geographic area where Presidio lacks scale, and a loyal client base that can benefit from our national offerings. IT continues to become both more complex and more critical to a business’s success. Presidio has the scale and depth of expertise, across a broad set of IT disciplines, to converge and integrate solutions that will complement and grow Netech’s business.”
“We are excited to announce this transaction with Presidio,” stated James Engen, Chief Executive Officer of Netech. “Culture is very important within our company and we feel that Presidio will continue to maintain that culture and value system. “Presidio is a national leader in our industry and we see incredible opportunities combining our organizations. Presidio’s scale will enable this team to further grow and expand our offerings and create value for our clients. Presidio has mature offerings in cyber security, cloud and IoT (Internet of Things) that are additive to our portfolio.” The business has been owned by Engen’s son-in-law, Mark Wierenga and sons Tim and Ryan. Engen and his two sons, Timothy and Ryan will be leaving the company to pursue other business interests.
The Netech acquisition will create Presidio’s sixth geographic Area, becoming Presidio North Central Area. Mark Wierenga will be North Central Area President reporting to Presidio’s Chief Executive Officer, Bob Cagnazzi. As Netech’s EVP of Sales and Operations, Wierenga has a long tenure with the company and is intimately familiar with its operations and business. The agreement is the second recent acquisition announced from Presidio, having closed the acquisition of Sequoia Worldwide to create a dedicated cloud practice in November 2015. Presidio expects to close the transaction with Netech during calendar Q1 2016.
Presidio is a provider of professional and managed services for advanced IT solutions. More than 2,400 Presidio IT professionals, 1,500 of which are engineers with over 2,000 industry leading certifications, are based in 55+ offices across the US. We serve our clients through a unique, local delivery model while capitalizing on our scale as a multi-billion dollar industry leader. We are passionate about driving results for our clients and delivering the highest quality of service in the industry. Presidio is owned by funds affiliated with Apollo Global Management.