Perpetual Capital Partners Acquires Novatech, Inc.
Perpetual Capital Partners is excited to share that it has acquired Novatech, Inc., a leading provider of Managed Office Solutions across the country. While the specific details of the transaction remain confidential, this strategic acquisition is anticipated to enhance the capabilities of both companies in the fast-changing office solutions sector.
About Novatech, Inc.
Founded in 1998, Novatech has positioned itself as a frontrunner in delivering comprehensive Managed Office Solutions to a diverse range of businesses throughout the United States. The company excels in offering a complete suite of services, which includes IT, print, cybersecurity, and cloud solutions, all supported by state-of-the-art hardware and automation software. By acting as a single point of contact for all technology requirements, Novatech simplifies operations, boosts productivity, and reduces costs for its clients.
Perpetual Capital Partners' Vision
Duncan Evans, CEO of Perpetual Capital Partners, expressed his enthusiasm about the integration of Novatech into their portfolio of businesses. He remarked, "This transaction aligns seamlessly with our strategy to invest in high-quality companies that have strong leadership and growth potential. We are confident that our long-term focus, corporate resources, and strategic expertise will significantly enhance Novatech's ability to serve its customers and broaden its service offerings. Together, we anticipate accelerating their growth and success."
Statements from Leadership
Dan Cooper, CEO of Novatech, shared his excitement about the acquisition, stating, "Joining forces with Perpetual Capital Partners presents an incredible opportunity for us. Their investment underscores the strength of our business and our talented team. With their support, we are confident in our ability to grow, expand our capabilities, and continue providing exceptional value to our customers. This partnership opens up exciting avenues for us as we move forward."
Commitment to Innovation
Both Novatech and Perpetual Capital Partners are committed to transforming the Managed Office Solutions landscape. Their collaboration will ensure that businesses nationwide gain access to innovative, efficient, and secure services that foster success and growth. By leveraging their combined strengths, they aim to help companies adapt to evolving technology needs while enhancing operational efficiency.
About Perpetual Capital Partners
Based in the Washington D.C. area, Perpetual Capital Partners serves as the direct private investment arm of Perpetual Capital, a family office investment firm. Utilizing an evergreen capital model, the firm focuses on long-term value creation, enabling it to pursue both control and minority equity investments in private businesses throughout the United States. This approach supports their ability to build 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 is intended to enhance the range of services available and provide businesses with comprehensive Managed Office Solutions.
What services does Novatech offer?
Novatech specializes in IT, print, cloud, and cybersecurity services, as well as automation software designed to streamline business technology needs.
Who are the key figures in this acquisition?
Duncan Evans serves as the CEO of Perpetual Capital Partners, while Dan Cooper leads Novatech, with both expressing optimism about the potential of their partnership.
How long has Novatech been operating?
Novatech has been delivering Managed Office Solutions since its establishment in 1998, building a strong reputation in the industry.
What impact will this acquisition have on Novatech's customers?
This partnership is expected to enhance Novatech's capabilities, providing customers with improved services and innovative solutions.
