Coretelligent, backed by private equity firm VSS, has acquired Duluth, Georgia-based MSP United Technology Group (UTG) for an undisclosed sum. FOCUS acted as financial advisor to UTG on the deal.
UTG specializes in co-managed technology services, including cybersecurity, professional services, hardware and software sourcing. The company has a strong presence in the U.S. Southeast, offering collaborative support and business technology alignment to a broad base of customers in the region.
UTG’s Atlanta office will be added to Cortelligent’s four current locations, including its Boston headquarters and offices in New York, Philadelphia, and San Francisco. This will help cement Coretelligent’s nationwide reach, according to the company.
Coretelligent CEO Kevin J. Routhier, who founded the company in 2006, noted:
“Coretelligent’s focus on being a true partner for our clients means always looking for ways to improve our service offerings and depth of knowledge. Our acquisition of UTG reinforces our commitment to support organizations in high-touch sectors such as financial services and health sciences with technology support and security services that they can trust.”
Trent Hickman, managing director, VSS added:
“UTG’s comprehensive managed services offering and long-tenured customer base in the Southeast is a great fit for Coretelligent. The acquisition reflects VSS’s ability to partner with outstanding management teams to identify and execute upon growth opportunities, both organic and through strategic acquisitions, that improve the growth trajectory of their businesses.”
Several UTG leaders will join Coretelligent’s executive team, including:
- Brian Miller, President of UTG; and
- Eric Dykes, CEO of UTG.
Miller said of the deal:
“The connections that we have formed as a part of United Technology Group will thrive with the addition of Coretelligent’s robust suite of resources to our services lineup. Clients will appreciate the consistency of continuing to work with their known partners, while gaining access to world-class tools and advanced security processes from Coretelligent.”
VSS invests in lower-middle market companies, including IT businesses. The firm invested in Coretelligent in October 2016. In August 2018, VSS sold off its Netherlands-based managed services and shared hosting company IT-Ernity to Dutch company TransIP for an undisclosed sum.
