C Spire Buys TekLinks to Solidify Its Reputation as Top Managed and Cloud Services Provider
C Spire announced the acquisition today of Birmingham, Alabama-based TekLinks, a highly regarded and rapidly growing resell, cloud, managed and professional services provider.
Terms of the transaction between the two privately-owned companies were not disclosed, but C Spire said it expects to complete the acquisition and merger integration process within the next 60 to 90 days.
Founded in 2001, TekLinks is a nationally recognized service provider with primary operations in three states – Alabama, Mississippi and Tennessee. Many of its eight offices operate in fast growth markets in the Southeast U.S., including Birmingham, Huntsville, and Nashville.
TekLinks is one of only 16 firms ranked among the top cloud service providers, managed service providers and value-added resellers in the U.S. and has just completed a successful growth and acquisition phase and deeper expansion into the key vertical market segments of health care and financial services.
In 2016, the company bought Nashville-based Guidant Partners, a leading managed services firm. In 2015, TekLinks acquired fast-growing cloud services player Claris Networks, based in Knoxville and in 2013, the company merged with health-care managed services provider ClinicAnywhere formerly ETG.
“We’re excited about becoming part of a company that shares our long tradition of passionate focus on superior customer service, “best in class” IT expertise, and the delivery of outstanding services.,” said TekLinks President Don Monistere. “With this combination, C Spire is poised to lead the next wave of professional and managed IT services for companies.”
Monistere will maintain a significant leadership role in C Spire after completion of the merger integration process as General Manager of C Spire Business Solutions. “In pursuing this transaction, it quickly became evident that the two companies were very much aligned in terms of team culture and strategic focus. I am incredibly excited about the future of the combined teams,” said TekLinks CEO Jim Akerhielm.
The acquisition is the latest in a series of moves by C Spire that signal an accelerated and expanded focus on innovative voice, data, IT and cloud solutions for businesses across its footprint and around the country. “We share the imperative of putting customers first, providing world-class service and great overall value,” said C Spire President Stephen Bye. “We are excited to build upon the strength of the two teams as we come together as one, never losing sight of our customers. Allen McIntosh will continue to have a key leadership role on the Business Solutions team working very closely with Don.”
Last fall, C Spire launched an initiative to bring fiber-based 1 Gbps fiber-based ultra high-speed internet access to up to 250,000 small and medium-sized businesses in Mississippi. The company continues to expand its voice, data, managed and cloud services for government agencies and private businesses and operates several Uptime Institute-certified data centers.
Bank Street Group served as the exclusive financial advisor to C Spire in connection with this transaction.
Pamlico Capital is a private equity firm founded in 1988 that invests in growing middle market companies in North America. Pamlico Capital seeks control-oriented growth equity investments of up to $200 million alongside founders and proven leaders in its target industries: business & technology services, communications, and healthcare. The firm, based in Charlotte, NC, has assets under management of approximately $4 billion. For additional information, please visit www.pamlicocapital.com.