Private Equity Firm HKW Acquires CMIT Solutions

The IT Solutions Franchisor Programs Quick-Paced Development

Middle-industry private equity agency HKW has acquired CMIT Options LLC, a franchisor that delivers IT services that include cybersecurity. Craftsman Capital formerly owned CMIT, which was launched in 1996. With the move to HKW modify, CMIT Solutions’ leadership has a purpose of doubling the technology franchisor’s earnings to $200 million by 2028.

HKW, with headquarters in Indianapolis, invests in worthwhile tech corporations. CMIT, which has been encountering a advancement spurt, fits with the expense aims of HKW. The tech-services franchisor has been reaping dividends from new updates to its operational efficiencies, gross sales and advertising and marketing efforts – steps that aided it get to $100 million-additionally in revenues last yr, additional than a year in advance of its projections. 

CMIT Appears to be Forward

In saying the new HKW alignment in a news launch, CMIT Methods CEO Roger Lewis stated that “HKW shares our intention of accelerating our company’s growth whilst producing far more value for our shoppers. Their knowledge and aid will be instrumental as we accomplish the up coming period of our maturity via new initiatives in advertising, revenue and functions, including introducing centralized fulfillment abilities.”

In a nod to fulfillment, the news release disclosed that HKW has obtained HTW Inc., a managed company supplier (MSP) that will “serve as the basis of a corporate affiliate” to be a U.S. achievement centre. This new software will deploy 1 of CMIT’s prime-accomplishing franchises to provide accounts in several destinations and bolster CMIT’s methods to assist bigger businesses with a lot more-sophisticated cybersecurity and other IT tasks, in accordance to CMIT Remedies. CMIT’s franchise locations will be ready to share the resources of this affiliate to aid shoppers trying to get specialized guidance. 

About CMIT Alternatives

As a result of its franchisees, Austin, Texas-based CMIT serves its business enterprise shoppers anyplace in the United States and Canada. As locally owned enterprises, CMIT Solutions’ more than 250 franchisees develop near relationships with clients positioned in the vicinity of them. 

In addition to IT management/monitoring/upkeep and cybersecurity, CMIT’s products and solutions encompass help-desk providers, details backup and information recovery. CMIT Remedies has been on Entrepreneur magazine’s Franchise 500 list for 8 straight many years. The franchisor also has gained the ranking of Globe Class Franchise from the Franchise Analysis Institute.

The Cybersecurity Field  

Daniel Kim, a spouse at HKW, stated in the information launch that “the MSP and cybersecurity marketplace proceeds to expand as firms find options to address increasing cyber threats and IT complexity.” He extra that these businesses’ consistent and developing demands current a “tremendous opportunity” for CMIT. “We’re thrilled to be element of aiding the firm establish its scale to satisfy the developing need for technological innovation and safety services in the coming several years,” Kim claimed.

In addition to investing in technological innovation enterprises, HKW normally takes ownership stakes in organizations in the well being-and-wellness and company-products and services industries. It has created transitions and acquisitions during North The united states for a lot more than 40 many years.