Generational Equity, a leading mergers and acquisitions advisor for privately-held, middle-market businesses, is pleased to announce the sale of its client, Absolute Computer Solutions, Inc. (ACS) to Alliance Technologies, Inc. (Alliance), a member of the Iowa Network Services (INS) family of Companies. The transaction closed on October 7, 2014, and was led by Vice President, Musa Jagne and Managing Director, Michael Goss from the firm's Dallas, Texas headquarters. Terms of the transaction were not disclosed.
Since 1993, ACS has been a leading supplier of technology solutions including proactive network security; computer hardware acquisition, installation, upgrades and repair; network maintenance and network administration. Headquartered in Merriam, Kansas, ACS specializes in providing managed service information technology (IT) services for a variety of industries, including health care and aviation. "Despite interest from several parties and a number of options to choose from, Alliance was a perfect fit with what ACS was seeking. At the same time, ACS was directly in line with Alliance's growth strategy," said Musa Jagne of Generational Equity. "This acquisition is a great fit for all companies. It allows each company to tap into additional expertise and resources ultimately offering customers a more comprehensive and diverse array of products and know-how," commented Alliance Technologies President Steve Sikkink. "This also aligns with our organizational vision to expand our markets and offer a more robust back office product mix to meet the growing needs of our customers."
Dennis Strumberger, owner of ACS, added, "We have long admired Alliance from afar, so to be able to combine our businesses and give our customers access to the expanded service offerings and unparalleled expertise and resources that Alliance and the INS Family of Companies offers, without sacrificing our vision or values, is extremely exciting. Alliance covers all spectrums of technology, with a focus on trust and dependability, something that speaks to our core values as well. We are proud to align ourselves with an award-winning company whose dedication to connecting their customers with reliable solutions is always the top priority."
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