Local Voices
CNS Joins Highstreet IT Solutions as Managed Services Provider
Highstreet IT Solutions, LLC (“Highstreet”) announced that it has acquired the assets and operations of Computer Network Solutions, LLC (“CNS”).
CNS is a long-standing, high quality managed services player in the NY-NJ-CT tri-state area. Formed in 1996, CNS has grown steadily in infrastructure related solutions, from product acquisition and implementation, to telecommunications and engineering services, and more recently to co-location data center and network operating center (NOC) solutions.
“Alan Cook, Founder and Chief Executive Officer of CNS, has created a very meaningful company, a solid player to many quality clients in NYC and the surrounding areas. I am very impressed with what Alan has done as an operator. He has proven he knows how to run and grow a very solid company with quality employees and sustaining cash flow. Few companies accomplish as much as he has and we look forward to adding more services and geographies as we further scale these operations,” said Mac Slingerlend, President of Highstreet.
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Scott Frock, SVP and Cloud Division President of Highstreet, added, “Highstreet is making a multi-million dollar investment to bring a fit for purpose ERP cloud platform to market. We looked at dozens of companies before selecting CNS to join our operation. CNS brings a well-established set of services in the hosting, enterprise monitoring, engineering, and managed services space. The combination of CNS’s services was a natural fit for Highstreet to accelerate our time to market.”
Alan Cook, who will be continuing with Highstreet, added, “I am very proud of what we have accomplished over 18 years at CNS. Starting from personal reserves, we grew CNS to over $20 million in revenue, nearly 100 employees, and operating in several states from New England to the Carolinas and west to Illinois. We have been certified as a Dell Geo Partner and Cisco Platinum level partner, among other certifications. I am very pleased that CNS will continue to flourish and expand within Highstreet. Several companies have asked in the past, but Highstreet is the best team and model for CNS, and they have proven reliable with integrity as we put this combination together.”
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Highstreet is backed by private equity from Transition Capital Partners and Petra Capital Partners.
About Highstreet IT Solutions, LLC
Highstreet IT Solutions, LLC is a 21st century style IT services company, founded to provide Cloud-based services and Enterprise Software in-the-Cloud and Enterprise Software to-the-Cloud to middle-market and larger clients. Cloud-based services are in the RIM, hosting, application support and web services arena, on multi-year engagements and will include the SME marketplace. Highstreet’s services are offered on a project and managed services contract basis, in both Cloud and enterprise software solution package environments, and across all technology platforms, operating systems and infrastructures. Founded by an experienced group of industry experts, Highstreet serves clients that have domestic and global business operations. Headquartered in the Denver area, with resources nationally and an emerging offshore solution center in Bangalore, Highstreet is private equity backed. For more information, visit http://www.highstreetit.com.
About Computer Network Solutions
CNS is a full cycle IT management solutions provider – from network design and implementation through monitoring and management. From our 24×7 Network & Security Operations Center, CNS – Proactively monitors and manages your systems and network around the clock to help keep your environment up and running. By understanding the technology requirements of businesses, CNS offers cost-effective long and short-term solutions that can have a substantial impact on a company’s competitive business capabilities. A Remote Managed Services Operation Center operates 24×365 at CNS, proactively monitoring business networks, systems and applications for Performance and Security. CNS currently monitors in excess of 400,000 devices and supports over 600 contracted clients.
About Transition Capital Partners
Transition Capital Partners (“TCP”) is a Dallas-based private equity firm with over 20 years of investing in leveraged recapitalizations and management buyouts of well-managed, entrepreneurial, lower middle market service oriented businesses. TCP is particularly successful investing in high growth companies where additional management and strategic resources are required by the existing ownership group. We typically provide the entrepreneur an opportunity to gain liquidity, while maintaining a significant stake in the business for future upside, and if desired, a reduced management role. For more information about Transition Capital Partners, please visit www.tcplp.com.
About Petra Capital Partners
Petra Capital Partners is a Nashville, TN based private equity firm founded in 1996, engaged in providing growth capital for companies located throughout the United States. The partners of Petra have invested approximately $500 million in nearly 100 high growth private companies over the past 20 years. Petra Capital Partners is currently investing out of their fourth fund, closed in April 2013, with $230 million of available capital. They are licensed as a Small Business Investment Company (SBIC) by the U.S. Small Business Administration. For more information, please visit Petra’s website at www.petracapital.com.
Contact:
Dolores Wellisch
516-941-2435
