Perpetual Capital Partners Acquires Leading Managed Office Provider
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Perpetual Capital Partners Acquires Novatech, Inc.
Perpetual Capital Partners is thrilled to announce its acquisition of Novatech, Inc., a prominent provider of Managed Office Solutions nationwide. The details regarding the transaction have not been disclosed, but this strategic move is expected to bolster both companies' capabilities in the rapidly evolving office solutions market.
About Novatech, Inc.
Established in 1998, Novatech has established itself as a leader in comprehensive Managed Office Solutions, catering to various businesses across the United States. The company specializes in providing a full range of services, including IT, print, cybersecurity, and cloud solutions, backed by cutting-edge hardware and automation software. By serving as a single point of contact for all technology needs, Novatech not only simplifies operations but also maximizes productivity and minimizes costs for its clients.
Perpetual Capital Partners' Vision
Duncan Evans, the CEO of Perpetual Capital Partners, expressed excitement about integrating Novatech into their family of businesses. He stated, "This transaction aligns perfectly with our strategy to invest in high-quality companies with strong leadership and growth potential. We believe our long-term focus, corporate resources, and strategic expertise will significantly enhance Novatech's ability to support its customers and expand its services. Together, we look forward to accelerating their growth and success."
Statements from Leadership
Dan Cooper, the CEO of Novatech, shared his enthusiasm, saying, "Joining Perpetual Capital Partners is a thrilling opportunity for us. Their investment highlights the strength of our business and our talented team. With this support, we’re confident in our abilities to grow, expand our capabilities, and continue delivering exceptional value to our customers. This partnership creates exciting opportunities for us moving forward."
Commitment to Innovation
Both Novatech and Perpetual Capital Partners are dedicated to redefining the landscape of Managed Office Solutions. Their collaboration ensures that businesses across the nation will have access to innovative, efficient, and secure services that facilitate both success and growth. By combining their strengths, they aim to enable companies to adapt to changing technology needs while driving operational efficiency.
About Perpetual Capital Partners
Perpetual Capital Partners operates out of the Washington D.C. area, functioning as the direct private investing branch of Perpetual Capital, a family office investment firm. With an evergreen capital model, the firm concentrates on long-term value creation, allowing it to pursue both control and minority equity investments in private businesses throughout the United States. This model supports their ability to cultivate strong partnerships with the companies they invest in.
Frequently Asked Questions
What is the significance of this acquisition?
The acquisition of Novatech by Perpetual Capital Partners aims to enhance the services offered and provide businesses with comprehensive Managed Office Solutions.
What services does Novatech offer?
Novatech specializes in IT, print, cloud, and cybersecurity services, along with automation software to streamline business technology needs.
Who are the key figures in this acquisition?
Duncan Evans is the CEO of Perpetual Capital Partners, while Dan Cooper leads Novatech, both expressing optimism about the partnership's potential.
How long has Novatech been operating?
Novatech has been providing Managed Office Solutions since its founding in 1998, establishing a strong presence in the industry.
What impact will this acquisition have on Novatech's customers?
The partnership is expected to enhance Novatech's capabilities, providing customers with improved services and innovative solutions.
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