CRANBURY TOWNSHIP, N.J., Oct. 5, 2020 /PRNewswire/ — Domain Computer Companies (“Domain”), a New Jersey-based mostly managed IT services provider, announced it has completed a merger these days with like-minded Maryland managed IT expert services firm, Tier 1 Technologies Companions (“Tier Just one”), to kind a premium national MSP system. To propel their progress, the companies also introduced a recapitalization in partnership with Frontenac, a Chicago-primarily based personal equity firm. Economic phrases of the transaction had been not disclosed.
Domain and Tier Just one specialize in handling the IT and cybersecurity desires of leading-tier specialist companies companies. Both equally businesses have been regarded as award successful MSP marketplace leaders in various verticals: Domain in lawful and economical companies and Tier A single in non-income. Alongside one another with Frontenac, they are on a route to develop a top quality countrywide company of managed IT expert services by partnering with other MSPs that share their values of operational excellence, vertical concentration, employee engagement and enhancement.
The blended organization will be led by Rashaad Bajwa as CEO, Jim Kehres as Handling Director of the Maryland/DC market and Kris Laskarzewski as Handling Director of the NJ/NY/PA marketplace.
Rashaad Bajwa, CEO of Domain, claimed, “When we established the intention of making a national MSP platform, I understood that Dave and Jim at Tier One had been just one of the first discussions I was heading to have. We’ve worked jointly closely for years as friends in ITNation Evolve signing up for forces with them and Frontenac as our companion fulfills our vision of developing a premium MSP system targeted on folks, approach and standing.”
“Immediately after understanding Rashaad for a long time by our specialist peer group, I understood and revered Domain as a leading MSP. When Rashaad approached me about bringing Domain and Tier Just one together, I promptly understood this could be a dream team,” stated Dave Shaffer, CEO of Tier One. “Collectively with Frontenac, they care about the matters that matter most – our men and women, our clientele and our reputation. This staff can make a incredibly desirable partner for greatest-in-course MSPs.”
Domain and Tier A single located Frontenac and its government-centric approach to be a natural suit as they have been hunting for the suitable companions to assistance them grow their MSP small business. Joining the Board of Directors at closing is business veteran Mike Jenner, who has 25+ several years of encounter developing technological innovation services corporations. Mike is the present CEO of ControlCase and is the former CEO of NexusTek. He will be joined on the Board of Directors by Corey Sisler, former CFO of NexusTek and CFO of Spectraseis.
Joe Rondinelli, Principal at Frontenac, stated, “Collectively with Mike and Corey, we were being attracted to Area and Tier Just one for the reason that of their persons, society, best-in-course functions and remarkable consumer base. We see sizeable white house in the sector and are thrilled to guidance management by investing in strategic organic growth initiatives and buying other like-minded MSPs.”
“Domain and Tier Just one in shape properly with Frontenac’s franchise of investing in and increasing greatest-in-class, tech-enabled services corporations together with extraordinary leadership groups,” additional Michael Langdon, Managing Director at Frontenac. “We appear ahead to aggressively developing out a national MSP.”
Honigman LLP served as lawful counsel to Frontenac on the transaction. Szaferman Lakind served as lawful counsel for Domain and Tier One particular.
About Area Laptop or computer Providers
Domain Computer system Solutions is an IT managed solutions provider that focuses on cybersecurity, cloud companies, IT consulting, and infrastructure. They provide limitless on-web-site and distant support packages to clientele in the New Jersey, New York and Philadelphia metro parts, with an emphasis on legislation corporations, money products and services and other significant-stop expert companies. Area was founded in 1997 by Rashaad and Michelle Bajwa. For a lot more info, remember to go to www.go-area.com.
About Tier One Technological innovation Partners
Tier Just one Technology Associates is an IT managed expert services company that focuses on cybersecurity, cloud expert services, IT consulting, and infrastructure. They give unrestricted on-web site and distant support packages to shoppers in the Maryland and DC metro location, with an emphasis on the non-earnings field. Tier A single Technology Companions was established in 1998 by Dave Shaffer and Jim Kehres. For additional data on Tier A single, be sure to visit www.tieroneit.com.
Frontenac is a Chicago-based personal equity organization. The firm focuses on investing in decreased middle current market buyout transactions in the consumer, industrial, and expert services industries. Frontenac operates in partnership with proven operating leaders, as a result of an government-centric solution termed CEO1ST, to detect, obtain, and build current market-foremost providers by way of transformational acquisitions and operational excellence. The organization has crafted a major franchise doing the job with above 275 proprietors of mid-sized firms as they handle intricate transition challenges of liquidity, management improvement, and advancement scheduling. For much more info, please visit www.frontenac.com.
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