NEW YORK | STAMFORD | January 10th, 2023 – The TNS Group (“TNS” or the “Company”), an award-winning, regional managed service provider (“MSP”) based in Stamford, Connecticut, today announced its strategic sale to Omega Systems (“Omega”), a leading MSP and managed security service provider (“MSSP”) to mid-market organizations in the financial services, manufacturing, healthcare, government, and professional services industries. Omega Systems is backed by Chicago-based private equity firm Pfingsten Partners (“Pfingsten”).
Drake Star acted as exclusive financial advisor to TNS on this transaction.
Founded more than 25 years ago by Ami and Louise Soifer, TNS provides a comprehensive suite of IT services to small- and medium-sized businesses throughout the Northeastern United States. The Company offers an end-to-end suite of IT services including onsite and offsite support, cybersecurity, storage, backup and disaster recovery, managed cloud services, and IT consulting.
“The TNS Group is a valuable extension to our growing presence in the Northeast, and we’re thrilled to welcome them to the Omega family,” said Omega Systems Founder & CEO Bill Kiritsis. “There are great synergies between our organizations – both in our corporate cultures and our commitment to customers – and we’re eager to unite and accelerate our efforts to delivering the world-class IT, security and compliance services today’s enterprises require.”
“Joining forces with Omega Systems is a meaningful step forward for our company,” commented Ami Soifer, co-founder and CEO of The TNS Group. “We found an equally passionate and customer-oriented partner in Omega, and I am excited for our customers to benefit from the additional strength, scale and sophistication their managed services portfolio offers.”
Ami Soifer, co-founder and CEO of TNS, adds: “The Drake Star team prepared us for a full sell-side process. They opened doors with potential buyers for us, made the process very competitive, kept it organized under time pressure and ultimately delivered beyond our expectations. Drake Star found the perfect buyer for TNS and made it all smooth for us and all the constituents.”
Sam Levy, Partner at Drake Star, says: “It’s been a pleasure working with the TNS team and finding them great partners in Omega Systems and Pfingsten. The market for quality MSP firms is buoyant. We, at Drake Star, continue to leverage our strong market presence and relationships in the MSP space and IT services sector more broadly to deliver extraordinary results to our clients. We are confident in the success of the combined teams going forward.”
Drake Star Team: Sam Levy, Andrew Sickinger, John Fox, Josh Acker
Inquiries
For further inquiries, please contact:
Sam Levy
Partner | Drake Star
sam.levy@drakestar.com | + 1 646 245-3550
About The TNS Group
The TNS Group is an MSP that provides managed security, cloud solutions, business continuity, and IT consulting. The firm’s portfolio of solutions is focused on simplifying innovative technologies and offering layers of expertise and flexibility in our involvement. TNS serves clients primarily in the fintech, healthcare, nonprofit and shipping/distribution industries and has offices in Stamford, CT, New York, NY and Fairhaven, MA.
For more information, visit www.thetnsgroup.com.
About Omega Systems
Omega Systems is a leading MSP and MSSP to mid-market organizations in the financial services, manufacturing, healthcare, government, and professional services industries. Omega’s customer-first solutions are designed to address the growing regulatory, compliance and data processing needs of today’s highly regulated and security-conscious businesses. Omega has office locations in Pennsylvania, New Jersey, and New York City.
For more information, www.omegasystemscorp.com.
About Pfingsten Partners
Pfingsten is an operationally focused private equity firm formed in 1989. From its headquarters in Chicago and representative offices in China and India, the firm builds better businesses through operational improvements, professional management practices, global capabilities, and profitable business growth. Since completing its first investment in 1991, Pfingsten has raised five investment funds with total commitments of approximately $1.3 billion and has acquired 162 manufacturing, distribution, and business services companies.
For more information, www.pfingsten.com.
About Drake Star
Drake Star is an award-winning global tech investment bank that has completed over 400 transactions since 2003. Drake Star team of over 100 senior professionals across offices in New York, London, Paris, Munich, San Francisco, Los Angeles, Berlin, and Dubai* 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 Partners 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. © 2022 Drake Star Partners Limited.
For more information, visit www.drakestar.com.
*Partner Office