BOSTON—Officials at Riverside Partners, a Boston-based private equity investment firm, announced today that its portfolio company, Convergence Networks / Grade A, has merged with Lansing-based Application Specialist Kompany (ASK).
ASK provides managed IT and cybersecurity services.
Convergence Networks is based in Portland, Ore., while Grade A is based in Ottawa, Ontario.
“ASK was founded on the belief that a managed IT and cybersecurity service company should be more than just a technology firm,” said Michael Maddox, CEO of ASK. “When choosing a company to partner with, it is important to make sure our values and relationships with the local community are going to continue. Our partnership with Convergence Networks / Grade A and Riverside Partners will do just that. We look forward to working with a larger, like-minded team that will allow us to expand our services and capabilities to clients.”
Added Mat Lafrance, CEO of Convergence Networks and Grade A: “Our team has known Mike and ASK for over 10 years. Our organizations share similar values and a long-term partnership approach with clients and employees. Bringing ASK into the Convergence Networks / Grade A family allows us to continue offering personalized local service with an even greater breadth of services and a deeper bench of technical talent.”
And David Belluck, general partner at Riverside Partners, said: “We invested in Convergence Networks / Grade A alongside the management team last year to support the Company’s continued growth both organically and through acquisitions. ASK adds a market leader in an attractive geography with a talented team that has similar values. This combination will benefit clients across the entire platform.:
Convergence Networks and Grade A offer managed IT, cloud, cybersecurity, hardware, and project-based tech services. More at https://convergencenetworks.com/ and https://www.gradea.ca/. More about ASK at https://justask.net/.
Founded in 1989, Riverside Partners is a middle market private equity firm with total capital commitments of $1.6 billion raised since inception. The firm focuses on growth-oriented companies in the technology and healthcare industries. For more information, visit www.riversidepartners.com.