AGC Partners is pleased to announce that its client Cerdant, a provider of outsourced managed security services has been acquired by Logically, a rapidly growing provider of comprehensive outsourced IT and security services for similarly sized companies. The partnership will strengthen Logically's security offerings within the SMB space and drive growth across both platforms. With a team led by Russ Workman, AGC Partners acted as the sole financial advisor to Cerdant. To view the announcement by Logically, click here.
"When you are being approached by private equity nearly every month, it's natural to question the value of using a banker. But it's important to understand how private equity works and what's in the playbook in order to get the best outcome. We chose AGC because of their dominance and knowledge in our segment of the market. The team, led by Russ Workman, helped us build the right story and manage all the moving parts that resulted in a sale with a valuation above what we were seeking. Simply put, if I had it to do all over again, I would not change a thing. Russ and team did an outstanding job and the results were everything I hoped for."