Date
Sep 2019
Region
Florida
We are pleased to announce the sale of our client, Presidium Network Services, LLC, to Baymark Partners. The acquisition closed September 17, 2019 and details were not disclosed.
Presidium Network Services, located in Lakeland, Florida, is an IT service provider. The Company provides managed IT services, cloud computing, VoIP phone services, and disaster recovery.
Located in Plano, Texas, Baymark Partners is a growth-oriented private equity firm acquiring growing middle market service (healthcare, business and IT), distribution, manufacturing and tech-enabled (SAAS and E-Commerce) companies, providing owners with liquidity and companies with resources to accelerate their growth. The firm has made 18 acquisitions since its inception.
Generational Equity Executive Managing Director of M&A – Eastern Region, David Fergusson’s team, led by Sr. M&A Advisor Mario Dieckmann and supported by Vice President Mergers & Acquisitions Alex Mironov, successfully closed the deal. Executive Managing Director Edward Weber established the initial relationship with Presidium.
According to Dieckmann, “This acquisition was a good match as an add-on for Baymark to their Slappey Communications platform, which will help them to grow the central Florida market.
"The Presidium team liked the compatibility of the two entities which made for a smooth and congenial transaction.”
If you would like to learn more about our history of supporting transactions in this industry, visit our dedicated Business Services page.
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