Ridgewood, NJ – DAK Group, a leading investment bank specializing in middle-market mergers and acquisitions, announced the sale of NetWolves Network Services, the managed network services and connectivity division of its client, Vaso Corporation (OTCQX: VASO), to COEO Solutions, headquartered in Schaumburg, Illinois, a Riata Capital Group portfolio company and a leading provider of managed network, communications, security and IT solutions for multi-location, mid-market enterprises.
DAK Group served as exclusive financial advisor to Vaso Corporation, managing the entire transaction process. The sale completes Vaso’s previously announced divestiture of its IT segment.
“We’re proud to have helped Vaso complete this important step in its strategic transformation,” said Steve Raymond, Managing Director of DAK Group. “NetWolves built a strong reputation for technical depth and reliable service over many years, and we’re pleased to have found a partner in COEO Solutions that recognizes that strength and will invest in its continued growth as part of a broader network and communications platform.”
Raymond led the transaction along with Jonathan Roth, Director, and Alessandro Negri, Analyst. Barley Snyder LLP served as legal counsel to Vaso Corporation.
NetWolves, headquartered in Tampa, Florida, provides managed network services including enterprise network design, redundancy, application device management, real-time monitoring, reporting, and support.
About The DAK Group
www.dakgroup.com
DAK Group is an award-winning international investment bank dedicated to entrepreneurs, founders, and family-owned middle-market businesses. Since 1984, DAK has advised business owners through mergers and acquisitions, business sales, strategic advisory, valuations, and leadership consulting, helping them maximize value and achieve successful outcomes. With more than 800 completed transactions across North America and around the world, DAK combines deep M&A expertise, industry specialization, global buyer relationships, and a highly personalized approach. DAK serves clients across business services, consumer products, healthcare, industrials, manufacturing and distribution, technology, media and telecommunications, integrated systems, professional audiovisual (ProAV), and live experiences.
About Netwolves
www.netwolves.com
NetWolves Network Services is a managed network services and connectivity provider, providing network design, redundancy, application device management, real-time network monitoring, reporting and support systems. Headquartered in Tampa, FL, NetWolves brings an extensive, proprietary service platform to a broad base of customers.
About COEO Solutions
www.coeosolutions.com
COEO Solutions is a leading managed network and cloud communications partner for multi-location mid-market enterprises across the United States. Founded in 2014 and headquartered in Schaumburg, IL, COEO provides a full suite of managed network and cloud communications services, including SD-WAN, SASE, UCaaS, CCaaS, SIP Trunking, Microsoft Teams Direct Routing, and dedicated internet access, backed by 24x7x365 US-based support and a dedicated team assigned to every customer account. COEO is a portfolio company of Riata Capital Group.
About Riata Capital Group
www.riatacapital.com
Riata Capital Group is a leading Dallas-based private equity investment firm that partners with seasoned management teams to invest in growing, profitable, privately held companies with a focus on business services, consumer, and healthcare services. Over the course of their careers, the principals of Riata Capital Group have deployed over $2 billion of capital into more than 47 platforms and 450 add-on acquisitions totaling $7.7 billion in transaction value.
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