NWN Corporation, backed by PE, acquires Carousel Industries
Private-backed cloud communications service provider (CCSP) NWN Corporation has acquired Carousel Industries, an MSP based in Exeter, Rhode Island, for an undisclosed amount.
This is technology merger and acquisition deal number 270 that ChannelE2E has covered so far in 2021. See all tech merger and acquisition deals for 2021 and 2020 listed here.
The new entity
The combination of NWN and Carousel will create a company with estimated revenue of $ 1 billion in 2021, the company said. With the acquisition of Carousel, NWN doubles its solutions for cloud communications, engagement, networking, devices, security and infrastructure designed for the workplace from anywhere, according to the society.
Founded in 1992, Carousel has more than 5,000 customers in the United States and employs more than 1,000 people across the country. The company’s expertise includes unified communications and collaboration, secure infrastructures, data centers, networks and cloud solutions.
NWN Growth Plans
NWN is backed by New State Capital Partners, who have experience investing in the business services, industrial, consumer and healthcare sectors.
NWN will continue to pursue an “aggressive organic and inorganic growth strategy,” according to David Blechman, Founder and Senior Director of New State.
NWN acquires Carousel: “Unequaled reach”
Jim Sullivan, CEO of NWN, commented on the deal:
“Our intention is to create a powerful national brand that will transform the expectations of the workplace from anywhere today. Business communications are essential for productivity and collaboration. There is a huge need for service providers to help deliver better experiences for employees and customers in the commercial and public sector markets. The combined entity will give us unprecedented reach and resources to meet customer demand. “
Jeff Gardner, Founder and CEO of Carousel Industries, added:
“This acquisition represents an incredible opportunity for Carousel employees, customers and partners. We share an innate passion for propelling our clients’ journeys to the cloud, driving adoption with speed and scale, delivering ROI and enriching their transformation journey. Up to 70% of our customers now require integrated cloud services, and this partnership will improve our ability to meet and exceed their needs from day one. “
Jim Marsh, CRO at Carousel Industries, said:
“This chapter represents such an exciting time on our journey; a meeting of two organizations that have a rich history of valuing customers and putting them first. Our success is the result of operating from a ‘customer success obsessed’ perspective, and now we will continue to propel our clients forward with the same mindset, but with greater larger scale and resources. This acquisition is a great testament to years of hard work and thoughtful execution by the Carousel family. We are very proud to enter this next chapter together.