Industry Related TransactionsBlue Chip Consulting Group Acquired by Core BTS
Sellside Advisor To Blue Chip Consulting
7 Mile Advisors Acted as Advisor to Blue Chip Consulting Group in Their Sale to Core BTS
Jim Peelman, the Chief Executive Officer of Blue Chip, will lead the newly expanded Microsoft practice at Core BTS.
CHARLOTTE, NC — Blue Chip Consulting Group (Blue Chip), a consulting firm specializing in Microsoft cloud consulting and managed services, has been acquired by Core BTS, a leading IT solutions and managed services provider. Blue Chip will significantly expand Core BTS’ Azure capabilities, while increasing the scale and reach of its already best-in-class Modern Workplace and Security practice. Together, the combined organization will provide clients with one of the most comprehensive Microsoft cloud solutions portfolios in the market today. This marks the second Microsoft-focused acquisition for Core BTS; 7 Mile previously represented SADA Systems in the divestiture of their Microsoft services business to Core BTS.
7 Mile Advisors Partner Andy Johnston commented, “We are very proud to have worked with Blue Chip, first as an advisory client to provide feedback to their key leadership and management owners on how to build enterprise value, and more recently as an M&A client to help them execute a process which resulted in this strategic partnership with Core BTS and Tailwind. Blue Chip has proven themselves to be a market leader in the Microsoft Azure space for Enterprise clients, and we look forward to their continued growth and success in the fast-growing Public Cloud sector.”
“This merger significantly advances our capabilities, creating a stronger Microsoft business to provide enhanced productivity, security, collaboration, and data center migration services for a broader range of clients,” said Paul Lidsky, Chief Executive Officer of Core BTS. He added, “both companies have an unwavering focus on customer service and our combined resources and commitment will allow us to grow our footprint in the Microsoft ecosystem and in the market.”
Jim Peelman, the Chief Executive Officer of Blue Chip, will lead the newly expanded Microsoft practice at Core BTS. This division will combine the best practices, technology, and talent from both Blue Chip and Core BTS.
Going forward as a combined entity, Core BTS will be able to support clients of all sizes and will have a true national presence with 16 offices, 500+ employees, servicing more than 1,200 clients from coast to coast. A Microsoft Gold Certified Partner, the expanded company will leverage unsurpassed consulting acumen to maximize the value of Microsoft Azure and Modern Workplace solutions, while accelerating digital transformation.
In addition to the expanded Microsoft practice, Core BTS will also continue to focus on client needs for advanced networking, collaboration, and security as a gold level Cisco partner. Lidsky remarked, “we are confident that the deep expertise and service portfolio of the combined business positions us to comprehensively serve the digital transformation needs for customers of all sizes.”
In August 2018, Core was acquired by Tailwind Capital, a middle–market private equity firm focused on growth-oriented investments in targeted sectors within Technology and Business Services, Industrial Services, and Healthcare. Tailwind continues to support an aggressive acquisition plan for Core BTS that focuses on cloud, networking, data center, security, and managed services.
The Blue Chip transaction marks 7 Mile’s fourth successful transaction since April of this year. The firm expects to see continued M&A activity for IT Services companies and is committed to serving clients globally. For more information about the Microsoft ecosystem view 7 Mile’s recent whitepaper – Enterprise Technology Partner Ecosystems: Microsoft.
About 7 Mile Advisors
7 Mile Advisors provides Investment Banking & Advisory Services to the Business Services and Technology Industries globally. 7 Mile Advisors advises on M&A and private capital transactions, and provides market assessments and benchmarking. As a close-knit team with a long history together and a laser focus on our target markets, 7 Mile Advisors helps its clients sell companies, raise capital, grow through acquisitions, and evaluate new markets. All securities transactions are executed by 7M Securities, LLC, member FINRA / SIPC. For more information, including research on the M&A markets, visit www.7mileadvisors.com.
About Blue Chip Consulting Group
A Microsoft Certified Gold Partner and Cloud Solution Provider, Blue Chip Consulting Group is an industry-leading consulting firm that is on a mission to help clients accelerate their digital transformation and maximize their investment in Microsoft.
About Core BTS
Core BTS (Core) is a solution provider focused on customer-centric software, technology and related IT infrastructure and technology services to corporate and public sector clients. Core solves complex business needs across networking, collaboration, security and data center infrastructure. Core’s capabilities include technical support and managed services of existing infrastructure, security and networking advisory and assessments and remote monitoring support for hardware and software.
About Tailwind Capital
Tailwind Capital is a middle market private equity firm focused on growth-oriented investments in targeted sectors within technology and business services, industrial services and healthcare. Tailwind partners with experienced management teams and entrepreneurs to transform businesses through organic growth initiatives, acquisitions, and operational and strategic investments. Since inception, Tailwind has managed $3.7 billion of committed equity capital, and has invested in 43 portfolio companies and over 120 add-on acquisitions.
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