DALLAS--(BUSINESS WIRE)--Generational Equity, a leading mergers and acquisitions advisor for privately held businesses, is pleased to announce the sale of its client, MVP Consulting Plus Inc. to Speridian Technologies. The acquisition closed December 29, 2020.
Located in Albany, New York, MVP Consulting Plus (MVP) provides government and private sector clients with thousands of technical support services and application development resources. Over its longstanding history, MVP has developed a solid reputation for providing competitively priced, timely, and high-quality skills, products, and capabilities. The Company maximizes value for its clients through unique channel partnerships to deliver application development and IT support including critical domains such as data analytics, cyber security, and infrastructure.
Founded in 2002, as a minority and woman owned business, MVP provides IT staff augmentation services and leading technology hardware and software sales to a diverse customer base of government and private sector clients across the northeastern and southeastern U.S.
Speridian Technologies (Speridian), located in Albuquerque, New Mexico was founded in 2003, and offers application development, analytics, digital marketing, cloud infrastructure and machine learning globally. Endorsed by industry experts and the media alike, Speridian has consistently been recognized for its phenomenal growth and technology prowess in the highly competitive IT services industry.
“The deal opens up the opportunity for Speridian Technologies to expand its presence in the public sector in New York. MVP has direct relationships with people at the New York state government, and partnerships with larger organizations such as IBM,” said Speridian CEO Ali Hasan. “The two companies subcontracted for each other in the past,” Hasan added.
“The deal with MVP will complement our growth strategy with operational synergies. New York is a strategic region for Speridian, and together with MVP we will strengthen our public sector solutions portfolio, working to help modernize government agencies to meet the demands of the new normal,” Hasan said. Stephen Miller, president of MVP Consulting, will continue to lead the acquired company.
Generational Equity Executive Managing Director, M&A-Technology Practice Leader, David Fergusson, with the support of Vice President, Mergers & Acquisitions, Corey Painter, successfully closed the deal. Senior Managing Director Rick Buchoz established the initial relationship with MVP.
“Recognized throughout the industry for delivering a transformative digital product and services offering to a premier client base, MVP has established a clear leadership position in the market nationwide,” said Fergusson. “In combination with Speridian, whose reputation for customer service ranks amongst the highest, we expect the organizations will continue to achieve extraordinary results.”
About Generational Equity
Generational Equity, Generational Capital Markets (member FINRA/SIPC), Generational Wealth Advisors, Generational Consulting Group, and DealForce are part of the Generational Group, which is headquartered in Dallas and is one of the leading M&A advisory firms in North America.
With over 250 professionals located throughout North America, the companies help business owners release the wealth of their business by providing growth consulting, merger, acquisition, and wealth management services. Their six-step approach features strategic and tactical growth consulting, exit planning education, business valuation, value enhancement strategies, M&A transactional services, and wealth management.
The M&A Advisor named the company the 2017 and 2018 Investment Banking Firm of the Year and 2020 Valuation Firm of the Year. For more information, visit https://www.genequityco.com/ or the Generational Equity press room.