Transformational Acquisition Accelerates Market Leadership, Strengthens Managed Services Capabilities and Solution Portfolio
NEW YORK – One Equity Partners (“OEP”), a middle market private equity firm, today announced that its portfolio company Computer Design & Integration LLC (“CDI”), a market-leading IT solutions provider, has completed the acquisition of High Availability, Inc. (“H.A.” or “the Company”), a premier solution provider and integrator of data center, networking, security, mobility, collaboration and cloud strategy products and services. Financial terms of the private transaction were not disclosed.
Headquartered in the Philadelphia-metro area, H.A. solves complex and unique business challenges by architecting and implementing customized, forward-thinking technical solutions for its customers. Founded in 2000, the company’s experienced team of approximately 100 employees provides digital infrastructure, cloud, cybersecurity, unified communications and seamless workplace applications that streamline fundamental business tasks.
“We believe High Availability will accelerate CDI’s growth through the addition of complementary services, add a deep bench of talented engineers and strengthen its white glove managed services offering,” said Chip Schorr, Senior Managing Director at One Equity Partners. “This transaction reflects OEP’s strategy of accelerating growth in our technology portfolio companies through transformative acquisitions that build scale and drive innovation.”
The acquisition will combine two comprehensive suites of services, including hybrid cloud infrastructure, DevOps, intelligent operations, digital workflow, digital workspace, security technologies, managed and professional services. H.A. also meaningfully increases the size of CDI’s managed services segment.
“OEP partnered with CDI to expand into new markets and strengthen its market-leading multi-cloud offerings through acquisition,” added Charlie Cole, Vice President at One Equity Partners. “We are excited to continue to execute on that strategy by bringing together two like-minded organizations with similar cultures and talented leadership teams to expand the companies’ geographic reach and service offerings.”
“Our partnership with OEP has enabled CDI to continue to identify strategic acquisitions that have built scale and positively impacted the growth trajectory of our business,” said Rich Falcone, President of CDI. “CDI and H.A. couple technical depth with the flexibility to change with the pace of digital transformation. Our companies share a common mission to deliver the highest quality of services, while also maintaining agility. We are stronger together and look forward to combining our industry expertise to position our clients for long-term success.”
“Our companies share a client-driven mentality, making this a desirable partnership for both organizations,” said Steve Eisenhart, CEO of High Availability. “Together, we’re aligned to bring additive capabilities and scale to our clients while providing enhanced services and an expanded footprint. We’re excited for this next phase and know that CDI was the clear choice to help us continue the H.A. journey, while respecting the culture and legacy of our business.”
H.A. is CDI’s third acquisition over the last 12 months, following OEP’s acquisition of CDI in January 2020. In September 2020, CDI acquired P5 Solutions Inc., a transformative consulting company known for helping customers establish better enterprise-wide processes through digital modernization and optimization. In July, it acquired Plan B Technologies, Inc. (“PBT”), an IT solutions and professional services provider specializing in remote access and virtual desktop infrastructure solutions.
About One Equity Partners
One Equity Partners (“OEP”) is a middle market private equity firm focused on the industrial, healthcare, and technology sectors in North America and Europe. The firm builds market-leading companies by identifying and executing transformative business combinations. OEP is a trusted partner with a differentiated investment process, a broad and senior team, and an established track record generating long-term value for its partners. Since 2001, the firm has completed more than 300 transactions worldwide. OEP, founded in 2001, spun out of JP Morgan in 2015. The firm has offices in New York, Chicago, Frankfurt and Amsterdam. For more information, please visit www.oneequity.com.
About Computer Design & Integration LLC (CDI LLC)
CDI LLC was founded in 1995, with corporate headquarters in New York City, and office locations in Teterboro, N.J., Atlanta, Annapolis, Philadelphia, Boston and Virginia. The firm has been recognized as one of the top IT solution providers in the world, offering clients and businesses of all sizes the most up-to-date hybrid IT technology solutions. CDI continually focuses on achieving client satisfaction by developing and implementing digital solutions that enhance day-to-day workflow processes, and combines the required experience, exceptional talent, quality assurance and stability needed to solve today’s most complex business challenges. For more information, visit cdillc.com or call 1-877-216-0133. Follow us on Twitter, Facebook, LinkedIn and YouTube.
About High Availability, Inc.
High Availability, Inc. is a premier solution provider and integrator of data center products and cloud services. High Availability, Inc. solves complex business challenges by architecting and implementing forward-thinking technical solutions, while forming trusting, collaborative relationships. By taking a hands-on, consultative approach, the High Availability, Inc. team creates custom tailored systems and solutions to fit both current requirements and future IT and business needs. Visit www.hainc.com for more information.