17 Dec Austin Dale Group announces the merger of ON Technology with Slappey Communications
AUSTIN, TX – (December 14, 2020) Austin Dale Group, an Austin, TX-based M&A advisory firm, recently acted as the exclusive M&A advisor to ON Technology in their merger with Slappey Communications, backed by private equity firm Baymark Partners. ON Technology, a Texas-based company, provides managed services for information technology infrastructure to government entities and small and medium businesses in Texas. This new partnership will help On Technology continue to deliver the excellent service and support staff its customers have been receiving, but now with more expertise, access to more products and tools, and the opportunity to take the best business practices and use them for all customers. “Do not worry, all of the support will remain local and I will be here with our same team continuing to support you just like we always have,” said CEO, Cliff Olle. This merger will allow On Technology to provide advanced services and enhance its customer experience for all as it continues to grow in Taylor and the greater Austin area.
“We were so excited to find a company like ON Technology to partner with in Texas. Knowing they share our same core beliefs about serving customers and treating the community well went a long way for a smooth transition. We are looking forward to how they will help improve the good thing we have going and how we can help them expand in the Texas market”, said Will Slappey, the CEO of Slappey Communications.
This merger marks Austin Dale Group’s eighth successful engagement in the IT managed services space in the past four years. “Our deep advisory experience with tech service companies improves the outcomes for our clients as they build their businesses and prepare for a transaction. We are proud to have helped the Olles achieve a successful outcome with the right partner”, said John Austin of Austin Dale Group. The Austin Dale team regularly publishes relevant articles and blogs, disseminating industry trends and lessons learned.
About Austin Dale Group
Austin Dale Group provides Investment Banking and Advisory Services to the information technology, software, and healthcare industries. Austin Dale Group advises on M&A and private capital transactions and provides valuations and strategic value enhancement services. The team has a long history of working together in selected industries and helping its clients merge, sell, raise capital, grow through acquisitions, and evaluate new markets. All securities transactions are executed by Independent Investment Banking Corp., member FINRA / SIPC. For more information, visit http://austindalegroup.com .
About ON Technology
ON Technology provides IT managed services to government entities and small to medium sized businesses in Texas from its headquarters in Taylor, Texas, a suburb of Austin. For more information, visit http://www.on-technology.com/ .
About Slappey Communications
Slappey Communications designs, implements and maintains communication solutions for business, including telephone systems, internet and phone lines, business servers, cloud computing, computers and software. The company was founded over 30 years ago in Birmingham, Alabama and has grown to serve multiple industries including construction, healthcare, real estate, accounting, legal, and manufacturing. For more information, visit https://www.slappey.com/ .
About Baymark Partners
Baymark Partners is a Dallas-based growth oriented private equity firm acquiring growing middle market service (healthcare, business and IT), distribution, manufacturing and tech enabled (SAAS and E-Commerce) companies providing owners with liquidity and companies with resources to accelerate their growth. For more information, visit https://baymarkpartners.com/ .