Cogent Growth Partners Announces Second Year of Record Results as IT Services Prove to Be Critical Business

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Strong demand for managed service providers continued throughout 2021

ATLANTA (PRWEB) February 17, 2022

Cogent Growth Partners (CGP), the leading M&A advisor to managed IT service providers, today announced its second consecutive year of record financial results. Cogent was involved in 14 merger and acquisition deals in 2021, with their growing community of serial buyers accounting for over 50% of completed deals.

“The widespread demand for successful candidate companies continues to drive the market for IT service providers,” said Rick Murphy, CEO and Managing Partner of Cogent Growth Partners. “The past two years have proven that IT services companies are not just essential; they have become as essential to business success as utilities. You simply cannot run a business in any industry without IT strategy and support.”

An analysis of Cogent’s 2021 deal portfolio revealed three significant trends:

  • Strong demand from Cogent’s independent IT services firms to increase their stake outpaced private equity (PE) client activity.
  • Small businesses accounted for the majority of closed deals last year.
  • The majority of mergers allowed buyers to deepen their penetration of established geographies.

With more than 140 transactions completed, Cogent is the market leader in mergers and acquisitions for IT services companies. Cogent’s strong performance in 2021 underscores continued consolidation in the IT services space as companies join forces to capitalize on growth opportunities and dominate markets.

“Rather than slowing the flow of transactions, the pandemic has motivated owners of IT services businesses, including managed service providers, cybersecurity firms, and consulting and integration providers to name a few. a few, to cement their positions as essential business partners for businesses of all sizes,” Murphy added. “Taking the time to understand the business priorities and cultures of our buyers helps us make candidate matches that leverage shared strengths. We expect candidate companies to continue to benefit from a sustained seller’s market in 2022.”

About Cogent Growth Partners

Cogent Growth Partners, LLC, the leading buyer intermediary for IT services M&As with over 140 closed deals, capitalizes on the growth opportunities found in US IT companies. Cogent accelerates the M&A process with a set of proprietary tools and processes that allow buyers and sellers to stay focused on managing their respective businesses. Anyone who wants to know why Cogent is different need look no further than the back of our business card: “Providing Transaction Therapy™ for IT Business Owners Since 2010.” For more information, email info@cogentmergers.com, visit http://www.cogentmergers.com or call (678) 820-5288.

For the original version on PRWeb, visit: https://www.prweb.com/releases/cogent_growth_partners_announces_second_year_of_record_results_as_it_services_prove_to_be_essential_businesses/prweb18506322.htm

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