Net At Work Receives Growth Investment from Lovell Minnick Partners
Gracie Gottlieb | 19 September, 2023
Net At Work Inc, the largest provider of next-generation, digital operations platform technology solutions for small-to-medium sized businesses (SMBs) in North America, has announced a growth investment from Lovell Minnick Partners LLC (LMP), a private equity firm specializing in investments in financial services, business services, and financial technology companies. This partnership will fuel Net At Work's expansion and strengthen its ability to deliver innovative technology solutions globally. The terms of the investment have not been disclosed.
For over 25 years, Net At Work has been at the forefront of technology, helping SMBs optimize their operations, increase efficiency, and drive growth through the power of technology. The company has earned a strong reputation for its expertise in next-generation technology solutions, cloud and managed IT services, and fractional CIO and advisory services.
"This investment from Lovell Minnick Partners is a significant milestone for Net At Work," said Alex Solomon, Co-Founder and Co-CEO of Net At Work. "It will not only empower us to better serve our customers and partners in today's digital economy but also expand career opportunities for our employees and talent in the market. Together, we will redefine excellence in technology partnership to lead the industry."
This strategic partnership marks an important moment in Net At Work's journey, and the company remains committed to its mission of empowering businesses with transformative, cloud-based technology solutions. The investment from LMP will provide Net At Work with significant capital to pursue acquisitions and make growth investments in the business.
"LMP has a strong track record of making strategic investments in high-growth companies, and we are excited to work closely with them to scale our business," said Eddie Solomon, Co-Founder and Co-CEO of Net At Work. "Their extensive experience in the technology and business services sectors aligns perfectly with our focus on driving business impact and delivering exceptional customer experiences."
Trevor Rich, Partner at LMP, praised Net At Work's track record of success, deep industry expertise, and commitment to client satisfaction. He stated, "Net At Work is a natural fit for our portfolio, and we are thrilled to work alongside their talented team to support their growth objectives and contribute to their ongoing success."
Net At Work was advised by Katten Muchin Rosenman LLP as legal counsel, Harris Williams as financial advisor, Netrex as capital markets advisor, and Goodwin Procter LLP as legal counsel to Lovell Minnick Partners.
About Net At Work:
Founded in 1996, Net At Work is one of North America's largest SMB technology advisors. The company offers a wide range of next-generation technology, industry expertise, and services to help organizations derive value from the transformative benefits of technology. By integrating ERP, HCM, and/or CRM solutions, Net At Work builds unique, industry-specific digital operations platforms that empower companies to compete more effectively in today's digital economy. For more information, visit www.netatwork.com.
About LMP:
Lovell Minnick Partners is a private equity firm with a proven track record of partnering with growth-oriented companies. Leveraging its extensive sector experience and network of strategic advisors, LMP helps founders scale their companies at an accelerated pace. The firm collaborates with management teams to achieve long-term success and value creation through organic growth and strategic acquisitions.
Since its establishment in 1999, LMP has raised approximately $4.3 billion of committed capital, invested in over 50 companies, and completed over 175 add-on acquisitions. LMP focuses on growth-oriented, middle-market companies in the financial services, financial technology, and business services sectors.
In conclusion, the growth investment received from Lovell Minnick Partners will fuel Net At Work's expansion, enabling the company to deliver innovative technology solutions to SMBs worldwide. With their focus on next-generation technology and commitment to customer satisfaction, Net At Work is well-positioned to redefine excellence in technology partnership and lead the industry forward.
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