Latest news with #InterVision
Business Wire
6 days ago
- Business
- Business Wire
MidOcean Partners Sells InterVision
NEW YORK--(BUSINESS WIRE)--MidOcean Partners ('MidOcean'), a premier New York-based alternative asset manager specializing in middle market private equity, alternative credit, and structured equity, announced today the sale of InterVision Systems, LLC ('InterVision' or the 'Company') to NWN Corporation ('NWN'). InterVision is a leading managed services provider helping mid-market, enterprise, and public sector organizations across the U.S. modernize and secure their IT operations. With deep expertise in cloud, AI, cybersecurity, and intelligent infrastructure, the Company delivers end-to-end solutions that drive innovation, resilience, and measurable business outcomes. Financial terms of the transaction were not disclosed. With more than three decades of domain expertise, InterVision has become the trusted technology partner to over 1,000 enterprise and mid-market organizations. The Company delivers mission-critical solutions across IT infrastructure, networking, communications, and cybersecurity, backed by a consistent track record of enabling measurable outcomes. Its robust ecosystem of strategic partnerships—including Amazon Web Services, Microsoft Azure, Cisco, and Arctic Wolf—further enhances its ability to deliver tailored, best-in-class solutions at scale. MidOcean executed a focused value creation strategy to build a scaled and diversified platform. During MidOcean's ownership, InterVision transitioned into higher-margin, recurring-revenue services; completed targeted acquisitions to expand regional capabilities in the Mid-Atlantic, Southeast, and Northwest; and secured key enterprise relationships. These initiatives materially strengthened the Company's growth trajectory and market positioning. Elias Dokas, Managing Director at MidOcean, commented, 'During our ownership of InterVision, the Company more than doubled its operating income as it expanded into new markets, broadened capabilities, and deepened customer relationships. We are proud of what the team has accomplished and grateful to Jonathan Lerner for his leadership, which enabled a successful collaboration.' Joe Dentici, Vice President at MidOcean, added, 'We identified a clear opportunity to create value through operational rigor and targeted scale. This exit reflects the power of disciplined execution and strong alignment between sponsor and management.' Jonathan Lerner, CEO of InterVision, said, 'It's been a true pleasure working with MidOcean. Their strategic insight and operating support were instrumental in accelerating our growth. We're excited to build on this momentum with NWN and continue delivering exceptional value to our clients.' 'We are thrilled to partner with the InterVision team and build on our momentum together in this next chapter,' said Jim Sullivan, President & CEO of NWN. 'Integrating their innovative solutions into our AI-powered offerings platform will significantly accelerate our clients' digital transformation journeys, expand our footprint in the Midwest, and strengthen our presence in the Mid-Atlantic and Public Sector markets nationwide.' Gibson, Dunn & Crutcher LLP served as legal advisor to MidOcean. Guggenheim Securities acted as lead financial advisor to InterVision, with Moelis & Company serving as co-advisor. About MidOcean Partners MidOcean Partners is a premier New York-based alternative asset manager specializing in middle market private equity, alternative credit, and structured equity. Since its inception in 2003, MidOcean Private Equity has targeted investments in high-quality middle market companies in the consumer and business services sectors. MidOcean Credit was launched in 2009 and currently manages a series of alternative credit strategies, collateralized loan obligations (CLOs), and customized separately managed accounts. For more information, please visit:
Business Wire
6 days ago
- Business
- Business Wire
NWN Acquires InterVision Systems, Accelerating AI-Powered Services across North America
BOSTON--(BUSINESS WIRE)-- NWN Corporation ('NWN' or 'the Company'), a leading provider of AI-powered technology solutions in North America, today announced it has closed the acquisition of InterVision Systems ('InterVision'), a premier managed services provider and leader in innovative IT solutions, from MidOcean Partners, a New York-based alternative asset manager. The financial terms of the transaction were not disclosed. The transaction represents NWN's second acquisition since September 2024 under American Securities ownership, led by CEO Jim Sullivan and SVP of Corporate Development Matt Curran, and seeks to expand the Company's integrated offerings across North America, marking a significant milestone in the Company's growth trajectory. Jim Sullivan, President & CEO at NWN commented: 'We are thrilled to partner with the InterVision team and build on our momentum together in this next chapter. Integrating their innovative solutions into our AI-powered offerings platform will significantly accelerate our clients' digital transformation journeys, expand our footprint in the Midwest, and strengthen our presence in the Mid-Atlantic and Public Sector markets nationwide.' Supported by InterVision's capabilities in cloud implementation services and application modernization, NWN's future expansion will be driven by the AI consulting market which is projected to grow at a CAGR of 34% through 2028 as organizations continue modernizing their tech stacks with cloud-native infrastructure. NWN delivers speed to market and deep technology expertise to accelerate successful AI and digital transformation. The acquisition also marks a pivotal step in delivering exceptional value and adopting new capabilities to the Company's growing customer base, including: Cloud Contact Center (CX) Platforms: Amazon Web Services (AWS) Contact Center and Cloud CX Expertise that extends NWN's capabilities to leverage Amazon Connect for scalable and secure customer engagement. Cloud Services: Adding AWS and Azure practices complement NWN's existing cloud communication and infrastructure offerings, accelerating our ability to deliver secure, scalable, and tailored cloud solutions to enterprise and public sector customers. This strategic alignment expands our service portfolio and strengthens our position as a leading provider of end-to-end cloud lifecycle services across hybrid and multi-cloud environments. Intelligent Infrastructure Capabilities Expansion: Bringing the new Cisco AI-Ready Infrastructure Specialization and expanding capabilities in strategic geographies. Advanced Cybersecurity Solutions: Gaining strategic software and services capabilities required to secure the modern workplace including threat intelligence integration, endpoint protection, and enhanced incident detection and response. Jonathan Lerner, President & CEO at InterVision commented: 'NWN's commitment to innovation, clients, and employees align with our core values and culture, making them the ideal partner to guide organizations through every stage of cloud and AI adoption in today's dynamic technology landscape. I extend my gratitude and thanks to InterVision employees, Jim Sullivan, our investors at MidOcean Partners, and American Securities.' Based in Chesterfield, MO, InterVision stands at the forefront of delivering comprehensive IT managed services with advanced expertise in intelligent infrastructure, cloud, AI and security for over 1000 mid-to-enterprise and public sector organizations throughout the US. They ranked #94 on CRN's Solution Provider 500 List in 2024 and are recognized as a top IT provider for their cloud, security, and innovation expertise. They hold additional offices in Richmond, Roanoke, Sacramento, Seattle, San Jose, Kosovo, and India. About NWN NWN is the leading AI-powered technology solutions provider for North America's most innovative public and private organizations. For more than 30 years, NWN has helped over 5,000 CIOs deliver technology modernization programs with its Intelligent Workplace, Customer Experience (CX), Managed Devices, Cybersecurity and Public Safety, Connectivity, and Intelligent Cloud solutions. The company's proprietary Experience Management Platform ensures seamless service delivery, real-time observability and improved efficiency for its clients' most demanding technology needs. NWN is a high-performance, high-integrity team of 1,000+ experts committed to a customer-obsessed culture, earning a 79 Customer Net Promoter Score. The company has been recognized with hundreds of industry awards and is proud to be a 'Best Place to Work' with an 82 Employee Net Promoter Score. For more information, visit: About InterVision Systems InterVision is a leading IT managed services provider, delivering and supporting cloud, security and innovation for mid-to-enterprise and public sector organizations throughout the US. With 30 years of experience and one of the most comprehensive solution portfolios, InterVision drives business outcomes with an unparalleled focus on the customer and employee experience to help organizations be more competitive, compliant, and secure. The company has headquarters in Chesterfield, MO with locations in Richmond, Roanoke, Sacramento, Seattle, San Jose, Kosovo and India. About American Securities Based in New York with an office in Shanghai, American Securities is a leading U.S. private equity firm that invests in market-leading North American companies with annual revenues generally ranging from $200 million to $2 billion. American Securities and its affiliates have more than $23 billion under management. For more information, visit
