We are pleased to share the sale of our client KLH, Inc. to Cyber Advisors, a portfolio company of Goldner Hawn. The transaction closed September 30, 2022.
KLH, located in Minnetonka, Minnesota, is a Managed Service Provider (MSP) with service offerings including Server and Network Maintenance, Security, Backup/Recovery, Cloud Services, 24x7 Emergency Services, and Assessment/Planning. Through its focus on providing world-class service to small businesses, KLH will be an important extension of Cyber Advisors’ reach in serving small-to-medium-sized (SMBs) company IT and cyber security needs throughout the upper Midwest.
Founded in 1997 and based in Maple Grove, Minnesota, Cyber Advisors offers comprehensive IT solutions for organizations across the Midwest. The Company is a one-stop shop for managing a client’s IT systems and spend and can provide partial or fully outsourced solutions.
Generational Equity Executive Managing Director of M&A – Central Region, Michael Goss, and his team, led by Senior M&A Advisor, Prasad Karcherla, with the support of Vice President, M&A, Madison Buckley, successfully closed the deal. Senior Managing Director Joe Van Voorhis established the original relationship with KLH.
"This deal was a perfect strategic fit for KLH and Cyber Advisors as it provides numerous opportunities for both companies to provide additional services and resources to existing and new customers,” said Mr. Karcherla.
Karcherla added, “I applaud both sides for working hard and diligently to close this deal in a very short time. I wish both KLH and Cyber Advisors the best for the future.”
If you would like to explore other transactions our associates have supported in this industry, visit our dedicated Technology, Media & Telecom M&A Deals page.
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