Evergreen Advisors Capital, a middle-market investment bank, is pleased to announce that BlueAlly, a Source Capital portfolio company, has acquired n2grate. Evergreen Advisors Capital acted as the exclusive financial advisor to n2grate. The terms of the transaction were not disclosed.
Rick Kohr, Chief Executive Officer of Evergreen Advisors Capital, noted, “Steve Halligan and the whole n2grate team have done an incredible job scaling the company to the outstanding IT consulting firm it is today. It was a pleasure to work with their team, and we are very excited about what BlueAlly and n2grate can do together”.
n2grate boasts a 13-year history of successfully supporting their government clients and large corporations with a range of information technology (IT) solutions. The company is a leading government IT solutions that has expertise focusing in networking, security, and infrastructure.
BlueAlly is a top IT provider in the United States. Their specialties included security monitoring, managed detection and response, infrastructure and monitoring, managed backup and disaster recovery, managed firewall, managed VDI, and other professional services.
The Evergreen Advisors Capital deal team included Rick Kohr and Justin Horsman.
About n2grate
n2grate’s robust portfolio of end-to-end solutions is optimized for large corporations and government clients. The team has specialist expertise and is positioned to service and deliver IT solutions that meet the information technology needs of regulated industries and federal clients. The n2grate team has deep expertise in networking, security, and infrastructure.
About BlueAlly
BlueAlly is a provider of information technology (“IT”) solutions to small, medium, and large business, government, education, and healthcare customers. With a national presence, they deliver everything from hardware and software to on-premise, hybrid and cloud solutions. Headquartered in Cary, North Carolina since 1999, BlueAlly has an established track record of delivering results around the disciplines of networking & security, data center infrastructure and cloud.
About Source Capital
Source Capital is a private equity firm that invests in mature, middle-market companies across a range of industries. Source Capital’s investment strategy targets growing companies with greater than $2 million in EBITDA seeking a growth-oriented partner. Source Capital was founded in 2002 and has offices in Atlanta and San Francisco.
About Evergreen Advisors Capital
Evergreen Advisors Capital, LLC is a leading investment banking and corporate advisory firm focused on assisting emerging growth and middle-market companies in the areas of corporate finance, growth and exit strategies, valuations, and advisory services. For more information, visit www.evergreenadvisorsllc.com/
Securities transactions conducted through Evergreen Advisors Capital/Member FINRA/SIPC.
