NEW YORK | October 27th, 2021 – Coretelligent, a leading managed IT solutions company and a portfolio company of VSS, announced their majority sale to Norwest Equity Partners. Drake Star Partners served as the sell-side advisor for the shareholders of Coretelligent on the transaction.
Founded by Kevin J. Routhier in 2006, Coretelligent provides top-tier organizations with the services they need to thrive in today’s digital economy through a comprehensive suite of managed and co-managed white glove IT support, cybersecurity, backup and disaster recovery, and cloud services. Since 2016 the company has more than tripled in size and has completed three add-on acquisitions that further strengthened their vertical expertise within financial services and allowed them to expand geographically.
"Jeff and Drake Star’s unparalleled experience in the IT Services Sector made them a perfect partner in managing an intricate process and achieving an extraordinary outcome,” said Kevin Routhier, CEO at Coretelligent. “The guidance they provided throughout the process from due diligence to closing delivered the assurance and support that was instrumental to our collective success” he added.
Trent Hickman, Partner at VSS, added, “Jeff Baker and his team at Drake Star did a superb job leading the sale process with Coretelligent and were a pleasure to work with throughout the process. However, what may be less recognized is all of Jeff’s help and guidance over the course of our investment, where his industry knowledge, contacts, and tenacity proved invaluable as we built the company. We very much look forward to working with Jeff again.”
About Drake Star
Drake Star is an award-winning global tech investment bank that has completed over 400 transactions since 2013. Drake Star team of over 100 senior professionals across offices in New York, London, Paris, Munich, San Francisco, Los Angeles, Berlin, Geneva, Dubai*, and Singapore* focuses on mergers & acquisitions and corporate finance services worldwide in Consumer & Retail Technology, Digital Media, FinTech, Mobility & Sustainability, Software/SaaS, Digital Services, and Industrial Tech sectors.
Drake Star is the marketing name for the global investment bank Drake Star Partners Limited and its subsidiaries and affiliates. In the USA, all securities are transacted through Drake Star Securities LLC. In the USA, Drake Star Securities LLC is regulated by FINRA and is a member of SIPC. Drake Star UK Limited (FRN 942020) is an appointed representative of Kession Capital Ltd (FRN582160), which is authorized and regulated by the Financial Conduct Authority. © 2021 Drake Star Partners Limited.
For more information, visit www.drakestar.com.