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Transactions / N•••••••

L•••••••• C•••••• exits Denver-based NexusTek to ABRY Partners

Majority recapitalizationclosedannounced Dec 14, 2017closed Dec 14, 2017Fact
What happened
Target
N•••••••
Platform
not an add-on on record
Control
Control
Share acquired
unknown
Industry
unknown
Target location
unknown
Seller kind
Founder
Rollover
unknown
Values, only where disclosed
Enterprise value
Not disclosed
Purchase price
Not disclosed
Equity value
Not disclosed
Target revenue
Not disclosed
Target EBITDA
Not disclosed
Multiple
Not disclosed
Parties and roles
4 named
Buy side
  • R••• E•••••••Deal partnerconfirmed
    “R••• E•••••••, Managing Director at L•••••••• C•••••• commented “NexusTek’s business has rapidly evolved during its partnership with L••••••••, starting from our initial investment in a bootstrapped founder-led MSP in Denver to becoming the leading MSP in the Mountain West region.””
  • C•••• M••••••Deal partnerconfirmed
    “C•••• M••••••, Managing Director for L••••••••, added: “The company operates in a multi-billion dollar, highly fragmented industry ripe for consolidation.”
  • L•••••••• C••••••• L••Sponsorconfirmed
    “L•••••••• C•••••• is a leading private equity firm serving technology and business services sectors in the lower middle market.”
Side not stated
  • N•••••••Targetconfirmed
    “L•••••••• C••••••, announced today that it has completed a recapitalization of NexusTek, a leading Denver-based IT managed services firm providing services throughout the west, to Abry Partners, a Boston-based private equity firm.”
Evidence
“L•••••••• C••••••, announced today that it has completed a recapitalization of NexusTek, a leading Denver-based IT managed services firm providing services throughout the west, to Abry Partners, a Boston-based private equity firm.”
Press release wires (PR Newswire, GlobeNewswire, Business Wire public pages and RSS)confidence 80%recorded Sep 15, 2026