A Greenwood Village-based IT business has merged with a New Jersey company to gain new clients, cloud-computing expertise and business in major markets along the East Coast.
NexusTek and Morgantown, New jersey-based Breakthrough Technology Group announced the merger Thursday. Terms of the deal were not disclosed.
CEO Mike Jenner predicts NexusTek will make more mergers and acquisition news this year.
“You’ll hear more about us in coming months, we’re moving aggressively,” he said.
The deal comes six months after Boston-based private equity firm Abry Partners bought out most of NexusTek’s previous investors and positioned the business for deals consolidating other IT shops. Abry Partners acquired a majority stake in BTG around the same time.
The company manages IT and migration to cloud services for small- and medium-sized businesses, helping them with security, networking, data backup and recovery, compliance, help desk and cloud-computing services.
“Abry believes that as businesses continue struggling with their cloud migrations, there is an immediate opportunity for a service provider to distinguish itself as the single partner that can help them navigate an increasingly turbulent and complex environment,” said James Scola, a principal with Abry, in a statement.
NexusTek employs about 150 people following the merger with BTG, nearly 75 of them at its Greenwood Village headquarters and network operations center.
Acquiring Breakthrough Technology Group brings on some employees with expertise in creating private cloud services for mid-sized clients, and it also gives the combined company clients in more than 20 new cities, Jenner said.
“It make really good sense, giving us access to new markets, especially in the eastern half of the U.S.,” Jenner said. “We now have national scope.”
BTG CEO Jeff Kaplan remains with the merged company, becoming its chief revenue and strategy officer.
NexusTek was born from the 2015 merger of two Denver-area businesses.
In 2017, NexusTek acquired CyberTrails, a Phoenix-based IT shop, and kept a presence both markets. Following its merger with BTG, NexusTek serves more than 1,300 businesses.
The company moved last year into new, larger offices off Interstate 25 and Orchard Road to accommodate some of its local staff growth.
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