Novatech Acquires DynaSis; 14th MSP and IT Solutions Provider Buyout
Nashville, Tennessee-based managed IT and print services provider Novatech has acquired DynaSis, an Atlanta, Georgia-based MSP. The deal marks Novatech’s second acquisition in the region, sixth within the last two years, and fourteenth since the company’s founding in 1998. Costs of the deal were not disclosed.
Novatech, formerly named NovaCopy, is backed by Trivest Partners, a private equity firm.
The company’s M&A deals have produced impressive results. Novatech has likely pushed beyond $100 million annual revenue, according to the company, though profit figures are undisclosed. Novatech provides managed IT and print services to its clientele from 13 different branch offices across the southern United States.
Novatech will leverage DynaSis’ managed IT, cybersecurity, and cloud solutions expertise as it continues its expansion plans into new markets, the company said.
Novatech will retain the DynaSis office and staff of 39, which are located in Alpharetta, Georgia, the company said.
DynaSis founder Dave Moorman will become President of Novatech’s Managed IT Services, while DynaSis Principal and Executive VP, Chas Arnold, will move over to Novatech’s VP of Managed IT Services position, the company announced.
Speaking on the deal, Novatech CEO Darren Metz said:
“With the rapidly changing IT landscape, businesses are increasingly seeking a single provider to support their entire IT environment. Novatech is committed to offering our customers premier IT solutions and joining with DynaSis increases the strategic value we bring by serving as a trusted advisor and permitting our customers to focus on their business, not their IT challenges.”
Moorman said of the deal:
“When we were approached by Novatech, we knew right away this would be a perfect fit for the DynaSis team. Darren Metz’s vision of the industry and forwarding-thinking management team align with our goals to provide world-class technology services. We are very excited for the future.”
“Like us, Novatech believes providing their customers with outstanding service quality is paramount. With their knowledge and experience in the managed print industry and our 26 years of Managed IT Service solutions, it was perfect.”