SC&H Capital Announces Sale of Performance Technology Group to World Wide Technology
SC&H Capital, an investment banking and advisory firm to middle market businesses, served as the exclusive financial advisor to Performance Technology Group, Inc. (PTG) in their sale to World Wide Technology, Inc. (WWT), a market-leading systems integrator that provides innovative technology and supply chain solutions. The financial terms of the acquisition were not disclosed.
PTG is a leading systems engineering and managed services firm, and a critical company in cyber security initiatives, for federal, state and commercial clients. Â Headquartered in Baltimore, MD, PTG has an ITIL-compliant, SAS 70 Type II-certified data center and provides engineering consulting and strategic planning for systems infrastructure, to include virtualization, capacity planning, performance assessments and disaster recovery planning.
PTG President and CEO, Peter Chakales, said, “PTG wanted to find a partner that would help us to expand our reach while preserving our company culture and commitment to providing world-class technology services.Â SC&H Capital listened to our needs and facilitated a very smooth transaction. We couldn’t be happier with the process and look forward to a long-term, rewarding partnership with WWT.”
“With the acquisition of our company by WWT, we are now integrally part of an award-winning enterprise with a truly global reach,” said Chakales. Â “The beneficiary of this new collaboration is very clear: our customers. Â They will benefit from the depth and breadth of our combined organization which offers a robust product and services portfolio that spans world-class IT products and supply chain services to managed technology and data center solutions. Â The PTG team is excited about this marriage and looking forward to a bright future.”
WWT, headquartered in St. Louis, is a systems integrator that provides innovative technology and supply chain solutions to the commercial, government and telecom sectors. The company brings to market a powerful blend of knowledge, infrastructure and technology to help its customers manage the planning, procurement and deployment of IT products and solutions.
“I’m very excited about the acquisition of PTG and the strategic value they bring to our organization,” said Jim Kavanaugh, Chief Executive Officer for WWT. Â “PTG’s complementary customers, market segments and strategic technology solutions will accelerate our growth in services and market share around the world.”
WWT CFO, Tom Strunk, said, “I enjoyed working with the SC&H Capital team on the PTG transaction. Their experienced, organized approach helped keep the deal on track throughout the process. We are very pleased with our acquisition of PTG and with the efficiency that SC&H Capital helped drive into the process.”
WWT does not foresee changes in PTG’s employee base and will continue to operate the company’s 30,000 square-foot facility in Baltimore. Â
About SC&H Capital
SC&H Capital, an affiliate of SC&H Group, LLC, is an investment banking advisory firm to middle market businesses. SC&H Capital supports their investment banking activity with a full suite of strategic and financial resources to assist companies in the development and execution of strategic plans and initiatives. In conjunction with SC&H Group, LLC, SC&H Capital tailors their advisory services to ensure that their clients receive pertinent and valuable advice in every stage of the business life cycle — not just at the time of sale.
Securities offered through Stout Causey Capital Corporation, member FINRA.
Katie Lochte (for SC&H Capital)