Dresner Partners Advised CCI Systems, Inc. in the Divestiture of Its Network Solutions Group to ePlus inc.
May 01 2023 - 2:38PM
Dresner Partners, an award-winning, FINRA-registered, middle-market
investment bank and Mergers Alliance member firm, is pleased to
announce that it has advised CCI Systems, Inc. (CCI) in the
divestiture of its Network Solutions Group (NSG) business unit to
ePlus Technology, inc., a wholly owned subsidiary of ePlus inc.
(Nasdaq NGS: PLUS). Financial terms of the transaction were not
disclosed.
Founded in 1955 in Iron Mountain, Michigan, CCI is an
employee-owned (ESOP) solutions provider specializing in
telecommunications, comprehensive network assessments,
industry-leading engineering, drafting and design services, and
24/7 support services for communications, multiple-service
operators, cable operators, hotels, education and healthcare
institutions, businesses, and municipalities throughout the United
States.
The Network Solutions Group business unit of CCI is an
industry-leading system integration partner and value-added
reseller of network communications equipment that provides design,
configuration, procurement, installation, and system management
services primarily to regional internet service providers and other
municipal and corporate operators of large-scale communications
networks.
Headquartered in Virginia with offices in the United States, UK,
Europe, and Asia‐Pacific, ePlus is a trusted advisor, bringing
expertise, credentials, talent, and a thorough understanding of
innovative technologies, spanning security, cloud, data center,
networking, collaboration, and emerging solutions, to organizations
across all industry segments.
Commenting on the transaction, CCI’s President and CEO, John
Jamar, said, “For decades, broadband service providers have relied
on our NSG business unit for technical solutions to optimize their
carrier-grade critical infrastructure. We are pleased that NSG is
joining forces with ePlus. I would like to thank the team at
Dresner Partners for helping to facilitate this great outcome for
both NSG’s employees and customers, who will each benefit from
ePlus’ wider array of offerings. We are proud of what NSG has built
over the past 20 years and look forward to a continuing partnership
between CCI and ePlus that will enable us to mutually serve our
customers with complementary solutions.”
Christopher W. Nolan Sr., Managing Director and the lead
investment banker on the transaction said, “We were very pleased
that CCI, an ESOP-owned, industry-leading technology company, chose
Dresner Partners to advise the company and its board of directors
on the sale of this remarkable business unit. The transaction
results clearly reflect the strong record of highly profitable
growth that NSG has achieved over the last several years.”
Steven M. Dresner, President of Dresner Partners added, “The
sale of NSG to ePlus exemplifies Dresner Partners’ deep commitment
to ensuring success for our clients through unparalleled M&A
advisory services. We really enjoyed working with employee-owned
CCI.”
About Dresner Partners Dresner is an
award-winning, FINRA-registered middle-market investment bank
headquartered in Chicago, with professionals located in New York,
Cleveland, Dallas, Fort Lauderdale, and Palo Alto. For more than 30
years, Dresner Partners has provided financial advisory services to
middle-market companies throughout the world including merger and
acquisitions advisory, institutional private placements of debt and
equity, financial restructuring, valuations, and strategic
consulting services. Dresner Partners has extensive international
and cross-border transaction experience and is a member of Mergers
Alliance, one of the world’s leading global mergers and
acquisitions partnerships focused on the middle market. An
affiliated company, Dresner Corporate Services, is a strategic
communications firm specializing in public relations, investor
relations and corporate development. More information is available
at www.dresnerpartners.com. You can also follow Dresner Partners on
Twitter at www.twitter.com/DresnerPartners.
For Media Inquiries David Gutierrez, Head of
PR, IR and Corporate Development, (312) 780-7204,
dgutierrez@dresnerco.com
For Transaction Related Inquiries Christopher
W. Nolan Sr., Managing Director, (212) 444-8029,
cnolan@dresnerco.comSteven M. Dresner, President, (312) 780-7206,
sdresner@dresnerco.com
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