FOCUS Investment Banking, a national middle market investment banking firm providing merger, acquisition, divestiture and corporate finance services announced today that Boston Retail Partners, LLC (BRP) has been acquired by EarthLink Holdings Corporation (NASDAQ: ELNK).
BRP, founded in 2009 and headquartered in Boston, is a highly regarded management consulting firm focused on the retail vertical. They provide technology strategy and consulting across the full breadth of retail solutions and are a recognized thought leader in the retail sector, continually taking the industry’s pulse through benchmark surveys they’ve published for 17 years.
EarthLink is a leading network services provider dedicated to delivering great customer service experiences in a cloud connected world. They help thousands of multi-location businesses securely establish critical connections in the cloud. This transaction is part of EarthLink’s ongoing strategy to provide deep vertical solutions and to strategically expand its consulting portfolio to best serve client needs.
George Shea,Partner and IT Team Leader for FOCUS Investment Banking, commented, "Together BRP and EarthLink will extend their capabilities in the retail sector to provide clients with even more expertise and solutions that address the entire retail organization and improve customer engagement and loyalty. The marriage of BRP’s retail services and solutions with EarthLink’s network expertise will facilitate customers’ adoption of unified commerce solutions. This was a perfect match.”
Partner and IT Team Co-Leader, Manan Shah added, “Vertical specific IT services businesses are driving special interests from the market as we noticed during this and prior deals. BRP’s thought leadership and EarthLink’s strong infrastructure capabilities create a unique combination that will provide a strong end to end offering for retail industry customers. We are pleased to have facilitated this transaction."
According to Walter Deacon, BRP principal, “The FOCUS team has a methodical, structured transaction process that really worked for Boston Retail Partners. George and Manan walked us through the process every step of the way, and highlighted our unique cloud based service offerings. We were fortunate enough to be presented with multiple qualified offers and are very pleased with the result and our new partner, EarthLink Holdings. We wholeheartedly recommend FOCUS to any IT firm considering a sale.”
About FOCUS Investment Banking LLC
FOCUS Investment Banking LLC provides middle market investment banking services to entrepreneurs, corporate owners, and investors across a broad range of industries both domestically and worldwide. With offices in major cities across the US, FOCUS specializes in providing mergers, acquisitions, divestitures, and corporate finance services to business units with transactions or revenues in the $5-300 million range.
The Information Technology Services Group at FOCUS has advised hundreds of leading software and information technology services businesses. Securities transactions conducted by FOCUS Securities LLC, an affiliated company, registered Broker Dealer member FINRA/SIPC.
For more information, visit www.focusbankers.com/technology or contact George.Shea@focusbankers.com or mshah@focusbankers.com.
