On October 21, we announced our acquisition of nfrastructure Technologies, a provider of core-to-edge technical and managed services.
By acquiring nfrastructure, we’re extending our robust solutions and services capabilities. As a wholly-owned subsidiary of Zones, nfrastructure will expand globally and nationally, significantly enhancing its product fulfillment and technical capabilities.
“Acquiring nfrastructure accelerates Zones’ evolution as a services-led solutions provider with deep customer relationships and global capabilities,” said Firoz Lalji, chairman, president and CEO of Zones. “We welcome nfrastructure’s talented team to our organization. With similar cultures squarely focused on delivering a positive customer experience, we’re well-aligned to seize growth in the market.”
“nfrastructure helps many of the world’s most admired brands effectively manage their IT infrastructures. With industry projections estimating that the number of networked nodes and devices will grow from eight billion to 200 billion or more, we’re uniquely positioned to support our customers when they need it most,” said Dan Pickett, CEO of nfrastructure. “Combining nfrastructure’s services with Zones’ global account management, product offerings, and technology capabilities to provide a total solution greatly benefits nfrastructure’s customers, employees, and partners. We are excited to join Zones and continue our pace of innovation.”
Deloitte Corporate Finance acted as advisor to nfrastructure during this transaction. Zones was represented by martinwolf, and Wells Fargo Capital Finance provided the financing.
“We are pleased to have been able to complete such important financing for Zones, Inc.,” said Mike Marcolina, director of Business Development at Wells Fargo Capital Finance. “It is important to provide our customers with the financial flexibility they need to succeed. The ability to engage U.S. Bank and KeyBank as co-lenders in the syndicated credit facility were critical to the success of the transaction.”
Recently, nfrastructure was named a CRN 2016 Triple Crown Award winner. By appearing on CRN’s Solutions Provider 500, Fast Growth 150, and Tech Elite 250 lists, nfrastructure achieved the revenue, growth, and technical expertise to be named a 2016 Triple Crown winner. Earlier this year, nfrastructure was also named to the Inc. 5000 2016 list of the fastest-growing private companies in America.