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By Published On: December 15, 2022

FOCUS Investment Banking Represents Entech as it Becomes a Platform Managed Service Provider with Investment from Prospect Partners

Washington, DC, (December 15, 2022) – FOCUS Investment Banking (“FOCUS”),  a national middle market investment banking firm providing merger, acquisition, divestiture, and corporate finance services, announced today that Entech has completed a recapitalization partnership with Prospect Partners. The goal of this funding is to accelerate Entech’s growth and expansion efforts, priming it for a focused acquisition strategy. FOCUS served as catalyst for the deal with Prospect Partners and exclusive financial advisor to Entech.

In its 25th year in business, Entech, a 2022 MSP 501 winner, aims to build the most recognizable managed IT service-focused organization in Florida. Entech realized early on that it needed to attract and acquire like-minded IT companies focused on growth and customers, which the company has honored.

“We always knew it would be imperative to identify the right capital partner with a willingness to allow Entech the autonomy to continue running the business in the same manner we are known for,” said Entech CEO Jake Spanberger. “We found that in Prospect Partners, which has a long history of supporting growing, entrepreneurial services businesses like ours. Their experience in scaling midmarket service organizations, coupled with strong financial relationships and a true commitment to partnership, provides nearly unlimited ability for us to meet or exceed our goals, and do it in less time than initially anticipated.”

Since 2015, Entech has grown exponentially, both in the number of employees and realized revenue. The company has also completed six M&A transactions, resulting in successful integrations and growth. This most recent acquisition strategy will aid in such endeavors in the future.

“Entech is a highly respected organization with an unmatched reputation and market-leading position in the Southwest Florida market. The company has built an industry-leading and scalable model based on superior customer service. It also provides advanced technology and security solutions to its customers,” said Brad O’Dell, a partner at Prospect Partners.

“We believe Entech is uniquely positioned for growth,” added Mike McInerney, a director at Prospect Partners. “We look forward to supporting management as it continues to scale the company and expand its regional presence.”

Entech’s day-to-day management structure will stay the same. The company will continue to be led by Jake Spanberger, Buddy Martin, David Spire, and Jeremy Stakely.

“I’ve known Brad O’Dell and Prospect Partners for over a decade, and a couple of years ago started working to help introduce the private equity firm to potential platform MSP prospects that would be best suited for them,” commented Abraham Garver, FOCUS MSP Team Leader and Managing Director. “From the start we saw a great cultural fit between Prospect Partners and Entech in that both businesses liked each other on a personal level.  The roadmap for growth in 2023 and beyond is very exciting and we’re excited to be a continued catalyst for great things in the future.”

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Abraham Garver is a MSP banker for FOCUS Investment Banking. Over the past four years the team has advised on MSP transactions with 76 parties including catapulting the 12 MSP below into “New Platforms” for private equity sponsors:

The Purple Guys (ECS + My IT)
TechMD (formerly ICS)
General Informatics
Integris (Domain + Tier 1)
Cantey Tech (Cantey Tech + Cantey EDU)
CyberSheath
ITS (Intelligent Technical Solutions + Intivix + PC Miracles)
Entech (Entech + ITVantage)
ProVelocity + IronEdge
Lockstep + Renovus Capital
MSP Corp + Groupe Access

Over his career Mr. Garver has worked on sell-, buy- and valuation assignments with approximately 150 public, private, and fastest-growing members of the MSP 501, CRN500, ChannelE2E Top 100 & Inc. 500 and served as a guest commentator on Bloomberg, MSP Business School and at NASDAQ.

Mr. Garver is a recurring conference speaker for IT Nation Connect, Channel Partners and MSSP Alert Live and recurring news source for ChannelE2E, CRN, Channel Futures, TechTarget & PEHub. As an author he has contributed over 125 articles in numerous publications including FORBES.

Prior to joining FOCUS, Abraham worked with Merrill Lynch’s M&A Technology Group in San Francisco and E&Y’s Business Valuation Group in Los Angeles. In addition to his professional pursuits, Mr. Garver is a member of The University Club of New York and Governor (Emeritus) of the University of Southern California Alumni Association.

Mr. Garver holds a Bachelor of Science in Business Administration from The University of Southern California Marshall School of Business, and a master’s degree in finance from the Manderson Graduate School. He is registered with the Financial Industry Regulatory Authority (FINRA) as a General Securities Representative (Series 7 and 63) and a Limited Representative – Investment Banking (Series 79).

Recent MSP/MSSP Deal Experience
MSP Corp
ProVelocity
Entech Computer Services, Inc.
Cantey Technology Consulting, LLC
Golden Technologies, Inc.
Security7 Networks, LLC
DS Tech
Versiant Corporation, Inc.
Cantey Technology Consulting, LLC
The Network Support Company, LLC
Integrated Computer Solutions of Vestal, LLC
DSM Technology Consultants, LLC
Intelligent Technical Solutions, Inc.
Lighthouse Technology Partners
Accelerate, Inc.
CMS IP Technologies
Unicom Technologies
CyberSheath Services International, LLC
AKUITY Technologies
General Informatics
Frontenac XI Private Capital, L.P.
ECS Acquisition Holdings, LLC