CMIT Solutions Announces Acquisition By HKW
January 10, 2023 // Franchising.com // AUSTIN, TEXAS - CMIT Solutions LLC (“CMIT”) announced the transition of ownership from Craftsman Capital to HKW.
Based in Indianapolis, Indiana, HKW invests in middle-market companies in the Technology sector. CMIT is aligned with HKW’s investment focus.
"Their expertise and support will be instrumental as we achieve the next phase of our maturity through new initiatives in marketing, sales, and operations, including adding centralized fulfillment capabilities,” said Roger Lewis, CEO of CMIT.
Also announced today is HKW’s acquisition of HTW, Inc. (“HTW”) which will establish a nationwide fulfillment center. The program leverages the acquisition of one of CMIT’s top-performing franchisees with existing capacity to serve multi-location accounts. The corporate affiliate will strengthen CMIT’s ability to support larger enterprise customers. A central team of IT and security professionals will provide clients with solutions for larger and more complex projects. Additionally, these resources shared among franchise locations will enable the company to better support clients who need specialized expertise.
“The MSP and cybersecurity industry continues to expand as businesses seek solutions to address increasing cyber threats and IT complexity,” Daniel Kim, Partner at HKW, said. “We recognize the opportunity in front of CMIT. We’re excited to be part of helping the company build its scale to meet the growing demand for technology and security services in the coming years.”
The financial terms of the transaction were not disclosed.
SOURCE CMIT Solutions
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