Mainline Information Systems has acquired RTP Technology Corporation
7 Mile Advisors Acts As Exclusive Buy-side Advisor To Mainline Information Systems In Their Acquisition of RTP Technology Corporation
Mainline Information Systems Inc. (Mainline), a Florida-based national provider of IT solutions and services, has acquired RTP Technology Corporation (RTP), a New Jersey-based Value Added Reseller and premier integrator of technology products and solutions. With the acquisition, RTP will be wholly owned by Mainline and go by the name Mainline RTP. 7 Mile Advisors (7 Mile), a North Carolina-based boutique investment bank specializing in Technology and Business Services, acted as the exclusive buy-side advisor to Mainline on the transaction.
The 7 Mile team has acted as trusted advisors to management in the Business Services space for 10 years, completing over 150 partner-led transactions. The acquisition of RTP by Mainline marks 7 Mile Advisors’ 12th Business Services transaction in the past year.
“It was a pleasure to partner with Mainline on this transformational transaction. Their experienced team has established a differentiated technology solutions and consulting platform for customers throughout North America. As this market matures and consolidates, we expect to see Mainline in a continued position of leadership.” said Tripp Davis, 7 Mile Partner.
By combining forces with RTP, a fellow industry stalwart with over 25 years in business, Mainline expects to reach nearly $1b in revenue. The acquisition will also give Mainline a stronghold in the Metro-Manhattan area, a geographic area where they have not previously had a major presence.
The technology partner synergies between the two companies are vast, spanning Hewlett Packard, Dell EMC, Cisco, Pure Storage and NetApp and they will complement Mainline’s considerable IBM business. Clients of both companies will gain broader access to manufacturers, an extended technical knowledge base and more abundant training opportunities. “The combined organization brings two experienced, trusted, and proven executive management teams together, along with a strong pool of talent that knows how to solve many of our industries most pressing IT initiatives,” shared Rick Kearney, Chairman and Founder of Mainline. “I am confident in our ability to leverage the strength of the combined teams and fully support this investment to help solidify our position as one of the most influential IT solution providers in North America.”
Ron Robbins, Owner and Founder of RTP, will continue to run the company as President, under the guidance of Mainline CEO and President, John McCarthy. “Ron is a 30-year veteran of technology, a friend, and a respected peer. We have known one another, operated in the same space for many years, and the synergy of our two companies is undeniable,” said McCarthy. “As we were researching this opportunity, we were overwhelmed by the positive responses from our clients. That really solidified our decision to move forward.”
The transition of the RTP team into Mainline is expected to be swift and seamless, as they work together to leverage synergies and integrate operation processes and systems.
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 Mainline Information Systems, Inc.
Mainline, headquartered in Tallahassee, FL, is a privately held, information technology solutions and IT consulting firm with more than 400 employees nationwide. Mainline has received multiple industry accolades, including IBM Beacon Awards, IBM Innovation and Leadership Awards, CRN Tech Elite 250 and Managed Service Elite 150, and Florida Trends Best Company, and is accredited by the International Enterprise Architect Institute, Inc. (IEAI). The company may be reached by phone at 850.219.5000 and on the Internet at www.mainline.com.