Citizens M&A Advisory served as the exclusive financial advisor to Hi-Tek Data, a managed service provider, on its recapitalization by Sea Pine Equity Partners, a lower middle-market private equity firm focused on the service sector.
“Citizens was crucial in ensuring the success of this transaction. Tom Donahue and his team were nothing short of fantastic throughout the process. Their extensive sector expertise in the IT-managed services space provided us with a deep understanding of market trends, competitive dynamics and growth opportunities. This insight was invaluable in positioning our business in a way that highlighted our strengths and future potential,” Adam Hartley, CEO of Hi-Tek Data, said. “The team’s transactional knowledge was equally critical, guiding us through the complexities of the deal. From accurate valuation to managing due diligence and negotiating terms, Citizens ensured the process was smooth and efficient, helping us avoid any potential roadblocks along the way. Citizens leveraged their deep relationships within the industry and with key financial stakeholders, which facilitated open lines of communication and expedited negotiations. This network not only helped secure favorable terms but also contributed to a quicker, more seamless transition for both parties involved.”
The company will be focused on accelerating organic growth and pursuing acquisitions to expand Hi-Tek Data’s footprint, enhancing its service portfolio and building on the strong culture that has led to its current success.
“The Citizens team sees a bright future for the new entity and the continued growth of the MSP platform,” Tom Donahue, managing director of Citizens M&A Advisory, said.
The recapitalization was completed in partnership with Hartley and was further supported by investments from Harbert Credit Solutions, Route 2 Capital Partners and SharpVue Capital.
