Osprey Technology Solutions Expands Its Portfolio
Osprey Technology Solutions Acquires 100% of Lanworks
Osprey Technology Solutions has successfully completed its acquisition of Lanworks, a prominent provider of network infrastructure and managed IT services. This strategic decision is poised to enhance Osprey's offerings and strengthen its position in the IT solutions sector.
Key Highlights of the Acquisition
This acquisition introduces a range of key advantages that are expected to positively affect both companies and their clients:
Enhanced Service Portfolio
With the acquisition, Osprey Technology Solutions plans to integrate Lanworks' managed IT services alongside cutting-edge network and security solutions. This combined approach will expand their service portfolio to cover advanced cybersecurity measures, cloud solutions, and comprehensive network management capabilities.
Innovation and Expertise
This acquisition enables Lanworks’ team of seasoned professionals to join Osprey, bringing their valuable expertise into the fold. This collaboration is anticipated to fuel innovation and lead to the creation of new, improved solutions for clients.
Commitment to Client Success
Both organizations share a strong commitment to delivering exceptional client service. This acquisition reflects Osprey’s promise to provide outstanding value and support, ensuring a smooth transition while maintaining high-quality service delivery.
“We’re thrilled to welcome Lanworks into the Osprey Technology Solutions family,” said Leigh Plumley, President and CEO of Osprey Technology Solutions. “This acquisition aligns seamlessly with our strategic vision and enhances our capability to offer comprehensive IT Managed Services. Lanworks’ impressive reputation, built over 38 years, will significantly bolster our growth strategy.”
Lanworks co-founders Eva Kostiuk and Eric Rydzkowski shared their excitement about joining forces with Osprey. “This partnership will create a strong platform for growth and innovation, allowing us to continue serving our clients effectively,” they noted. Eric Rydzkowski will remain at the helm of Lanworks as President.
Wilf Rapp, Managing Partner & Co-Founder at Tequity, remarked, “The MSP market is undergoing significant changes. Osprey’s acquisition of Lanworks is set to deliver extraordinary value and opportunities for both companies.”
If you have any questions regarding the acquisition or want to learn more about Tequity, please contact Diane Horton, Managing Partner & Co-Founder at Tequity Advisors, for more information.
About Tequity
Tequity specializes in collaborating with Enterprise B2B SaaS, Cloud, and Managed IT companies to foster growth and navigate exit strategies through mergers and acquisitions. With vast experience and a broad network of strategic buyers, Tequity is dedicated to facilitating successful transactions and maximizing value for its clients.
About Lanworks
Lanworks is an expert in delivering top-quality network infrastructure and managed IT services. With a robust 38-year track record, they are committed to providing exceptional service and innovative solutions to their clients.
About Osprey Technology Solutions
Osprey Technology Solutions comprises a group of industry investors and operators focused on transforming the Managed Service landscape across North America by prioritizing acquisitions of profitable MSPs committed to a delivery-first mindset.
Frequently Asked Questions
What does the acquisition mean for clients of Lanworks?
Clients will enjoy an expanded array of services, which now includes enhanced cybersecurity and cloud solutions.
Who are the key leaders involved in this acquisition?
Leigh Plumley serves as the CEO of Osprey, while Lanworks will continue to be led by its co-founders, Eva Kostiuk and Eric Rydzkowski.
How will Osprey Technology Solutions change after this acquisition?
This acquisition will boost Osprey's capabilities and service offerings, positioning the company for further growth in the managed services sector.
What is the future vision of Osprey Technology Solutions post-acquisition?
Osprey aims to incorporate Lanworks' innovative capabilities while expanding its presence throughout North America.
What should potential clients know about the combined companies?
Clients can expect a seamless transition and ongoing excellence in service delivery, thanks to the combined expertise of both organizations.
