Momentum to acquire Asset Black
GEORGIA, UNITED STATES — Momentum, a global provider of managed cloud services and next-gen managed network solutions, has announced a definitive agreement to acquire Georgia-based managed network provider Asset Black.
The acquisition will strengthen Momentum’s geographic reach and facilitate its entry into new verticals, including financial services.
Momentum’s CEO, Todd Zittrouer, praised the deal as another milestone in its growth strategy, promising to deliver greater value to its combined customers through an extended managed cloud services portfolio.
“We couldn’t be more excited to combine forces with Momentum. With Momentum’s proven track record and commitment to excellence, we are confident that together we will deliver exceptional solutions to our customers and achieve remarkable success in the managed network space and beyond,” said Mark Weeks, CEO of Asset Black.
The transaction, pending regulatory approval, is expected to conclude later this year. G2 Capital Advisors served as the exclusive buy-side advisor to Momentum for this acquisition.
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