Copyright 2012 PR Newswire. All Rights Reserved
2012-10-26
NEW YORK, Oct. 26, 2012 /PRNewswire-iReach/ — Cogent Growth Partners, LLC (Cogent) announced today that they advised Charlie Ross, of Smithfield, Rhode Island, on his recently announced acquisition of Welsh Consulting in Boston effective October 1st. Ross, a twenty-year veteran of the IT Services industry, was most recently the Chief Operating Officer for Technical Support International (TSI) of Foxboro, MA. Welsh Consulting is an IT consulting firm providing computer services, strategy, and support to greater Boston area businesses. It was founded by Gary Welsh in 1984.
“Cogent was instrumental in the entire transaction lifecycle.” said Charlie Ross. Ross continued, “I wanted to acquire a strong New England IT services firm. Cogent found Welsh, created the financial models, helped me through negotiations, and took care of due diligence and all the necessary documentation in a very timely manner. Cogent paved the way for a smooth transition that they continue to work with us through. As I look back at all of the nuances involved in getting the deal done, I am convinced that I would not have been successful without the Cogent team.”
“We are delighted to have been a key component in this very successful transaction,” stated David S. Schafran, Managing Partner at Cogent Growth Partners. “Gary Welsh did a great job in building a very solid and well-respected business. We have every confidence it will continue to thrive and grow under the leadership of Charlie Ross.”
“I am confident that Charlie will continue to operate Welsh Consulting as we have operated it for the last 28 years – with a commitment to the highest quality of service and highest standards of technical excellence,” said Gary Welsh.
“Welsh Consulting has a phenomenal reputation in the greater Boston IT Community,” added Ross. “I am very excited to have the opportunity to lead the company and propel its future growth. I look forward to working with the Welsh team to continue the commitment to design, install and support the best IT systems for each and every client we serve.” Welsh Consulting will continue to be based in downtown Boston.
About Cogent: Cogent Growth Partners is a buy-side merger acquisition advisory firm combining focused merger acquisition know-how with deep IT Services operational expertise. Cogent specializes in helping IT Services and Managed Service Providers realize growth via planning and execution of customized merger and acquisition strategies. Helping owners create successful companies that deliver exceptional financial results and improved equity value – all while mitigating the risks often associated with planning and executing acquisition and exit strategies. For more information visit www.CogentGrowthPartners.com
About Welsh Consulting: Welsh Consulting is a Boston-based IT consulting firm providing outsourced computer services, strategy, and support to Greater Boston businesses since 1984. Services include onsite, remote and helpdesk support. Independently owned and operated, Welsh Consulting is committed to sustainable business practices. For more information visit www.welsh.com
Media Contact: David Schafran Cogent Growth Partners, LLC, 212-799-1770, david@CogentMergers.com
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SOURCE Cogent Growth Partners, LLC
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