Transactions

Lone Star Analysis is a Dallas-based predictive and prescriptive analytics specialist enabling customers to make smarter decisions faster by leveraging data and insights to provide foresight and enhance the decision-making of its customers. Lone Star’s TruNavigator®, AnalyticsOSTM, and TruPredict™ software programs provide transparent, auditable and explainable solutions for clients. Additionally, Lone Star applies the right combination of data, people and processes to get results with its 15 years of experience and more than 1,000 subject matter experts, across several industries, including aerospace, defense, energy, logistics, manufacturing, and transportation. Lone Star, visit.

Visual BI is a data analytics IT consulting firm with offices in Dallas and India. The Company is a Snowflake Elite Partner and provides cloud data management and integration services.

Situation

• The founder of Visual BI selected Solganick & Co. to assist in evaluating and executing its M&A plans after the Company received an unsolicited offer.
• The Solganick & Co. team was confident in its ability to leverage its deep domain expertise and relationships to procure multiple, high-quality offers in excess of the initial offer received by the Company.

Waypoint (“Waypoint”), headquartered in West Chester, PA is a leading provider of business intelligence, data management, and analytics solutions and IT services across the U.S. Waypoint has an impeccable track record with a blend of business knowledge, technical skills, and consulting expertise that translates into more value and less risk for their clients. Waypoint’s partners include Snowflake and Qlik.

Situation

• Waypoint’s founders and shareholders were in growth mode and ready to explore M&A options to continue its path to building scale within the data analytics solutions and consulting services sector.
• Waypoint selected Solganick & Co. to assist in evaluating and executing its M&A plans after the founders decided it was the right time to sell the company to a strategic buyer after interviewing 11 investment banks.
• The Solganick team was confident in its ability to leverage its deep industry domain expertise within the IT services and data analytics sectors and relationships to procure multiple high-quality offers in excess of the initial offer received by the Company.

iXerv Americas is the leading provider of HR and HCM transformation services leveraging SAP SuccessFactors Human Experience Management (HXM) software suite. The company was the Americas division of iXerv Global, and has offices and clients in the United States, Puerto Rico, Mexico, Brazil, Colombia, and Peru.

Situation

• The founder of iXerv selected Solganick & Co. to assist in evaluating and executing its M&A plans after the Company received significant inbound interest from the market.
• The Solganick & Co. team was confident in its ability to leverage its deep domain expertise and relationships to procure multiple, high-quality offers in excess of the initial offer received by the Company.

About: Columbia Advisory Group (“CAG”) is a managed services provider that provides cybersecurity, governance, risk, compliance and technology services to clients within the higher education, state and local government, and mid market enterprise industry sectors. Based in Dallas, TX, CAG has built a sterling reputation as a trusted advisor in the cybersecurity and compliance space. For years, CAG has provided expert guidance to organizations navigating the complexities of cyber risk, helping them build resilient security programs and achieve regulatory compliance. Their client-centric approach and commitment to delivering actionable insights have made them a go-to partner for businesses seeking to fortify their defenses.

Situation: The shareholders of CAG hired Solganick to help them evaluate potential M&A opportunities and run a competitive process on their behalf to find the best possible partner.

Solution: Solganick ran a competitive M&A process that targeted PE backed strategic buyers and received multiple offers for the company.

Outcome: CAG selected Complete, backed by Heritage Holding, as the best fit from a strategic combination, to the best deal structure outcome that was favorable to the selling shareholders. Terms of the deal were undisclosed.

This acquisition significantly enhances Complete Network’s capabilities, offering clients a more comprehensive suite of services that integrates robust cybersecurity solutions with their existing managed IT offerings. The acquisition was backed by Heritage Holding, a Boston-based private equity firm known for its investments in growth-oriented technology companies. This union creates a powerhouse in the IT and cybersecurity landscape, poised to address the evolving needs of businesses grappling with increasingly sophisticated cyber threats and complex regulatory environments.

Key Highlights of the Acquisition:

• Expanded Service Portfolio:
  • Complete Network’s managed IT services will now be seamlessly integrated with CAG’s deep expertise in cybersecurity consulting, including security assessments, penetration testing, incident response, and compliance (e.g., CMMC, NIST, HIPAA).
  • CAG’s industry focus on higher education and state and local government agencies adds additional layers of industry-specific expertise that Complete Networks clients can benefit from.
  • Clients will benefit from a single point of contact for their IT infrastructure and critical cybersecurity needs, streamlining operations and enhancing overall security posture.
• Enhanced Expertise and Talent:
  • The acquisition brings together a team of highly skilled professionals, combining Complete Network’s operational excellence with CAG’s specialized cybersecurity and GRC knowledge.
  • This collective expertise will allow for the development and delivery of cutting-edge solutions tailored to diverse industry requirements.
• Strategic Growth and Market Position:
  • This move significantly strengthens Complete Network’s position as a holistic IT and cybersecurity partner, expanding its market reach and competitive advantage.
  • The combined entity is well-positioned to capitalize on the growing demand for integrated IT and cybersecurity services across various sectors.