07 Feb Thompson Street Capital Partners Recapitalizes BCM One
FOR IMMEDIATE RELEASE:
Thompson Street Capital Partners Recapitalizes BCM One
Adds Managed Services Solution with SIP.US Acquisition
NEW YORK, NY, FEBRUARY 7, 2019 – BCM One, a leading managed technology solutions provider, announced today that Thompson Street Capital Partners (“TSCP”), a St. Louis-based private equity firm, has partnered with management to recapitalize the company. KPMG Corporate Finance served as the exclusive financial advisor to BCM One. Terms of the transaction were not disclosed.
Concurrent with the recapitalization of BCM One, TSCP also completed an acquisition of SIPTRUNK/SIP.US (“SIP”). SIP will become part of the BCM One entity and will expand the firm’s presence into the fast-growing SIP-enabled voice segment with its fully automated solution designed to quickly and easily migrate businesses onto next-generation voice solutions. With these strategic changes, BCM One will enhance its position as a leader in delivering fully managed technology solutions to businesses, serving over 6,000 customers across all verticals.
“This strategic move will empower BCM One, a company we both proudly founded over 25 years ago, to aggressively reach the next phase of growth while enhancing the people, products, processes and systems that support our business,” stated Frank Ahearn and John Cunningham, founders of BCM One.
The principle leaders, Ahearn and Cunningham, will serve as board members of BCM One going forward. Jay Monaghan, former partner and president of BCM One, will serve an observatory role on the board of directors. Geoff Bloss, formerly the Chief Operating Officer with a 7-year tenure at BCM One, is named Chief Executive Officer of BCM One and will serve on the BCM One board of directors. Mark Amick, from SIPTRUNK/SIP.US, will remain as the Chief Operating Officer of the SIP solution set and will be based in Alpharetta, GA.
Brian Kornmann, Managing Director of TSCP, said, “The acquisition of SIP under the BCM One entity reflects our collective confidence in the market for next-generation voice services. This move positions BCM One as a leading technology platform company that can deliver best-in-class services to enterprises across the US, and will serve as a basis for further acquisitions in the space.”
The company will continue to operate as BCM One, headquartered in Manhattan, New York, with the addition of SIPTRUNK/SIP.US operating under the BCM One entity.
Clients, Partners, Suppliers and Vendors — please review the BCM One FAQ document regarding this announcement.