Generational Group, a leading mergers and acquisitions advisory
firm for privately held businesses, is pleased to announce the sale
of its client S&L Computer Services, Inc. to Cyber Advisors (a
portfolio company of Goldner Hawn). The acquisition closed March 1,
2024.
Located in Fargo, North Dakota, S&L Computer Services (SLC)
is an IT service provider for small businesses. An authorized
dealer of HP, SonicWall, Microsoft, and NEC, the Company boasts an
expansive product and service offering, ensuring correct solutions
to make customers more efficient and productive. In addition, SLC’s
certified technicians are constantly trained and evaluated to
optimally serve customers with both hardware and software support
items.
Cyber Advisors, located in Maple Grove, Minnesota, was founded
in 1997 and began its mission to provide right-sized solutions that
reduce & mitigate network-related downtime (thereby maximizing
employee productivity), ensure data security & availability,
and enable organizations to contain IT-related costs. By partnering
with Cyber Advisors for fully managed IT services, increasing
security posture or IT Transformation, the Company is a trusted
partner that recommends IT Security Solutions in Minneapolis
specifically tailored to specific business objectives.
Founded in Minneapolis, Minnesota in 1989, Goldner Hawn is one
of the longest standing private equity investment firms in the
Midwest. Over the years, they have built and sustained a reputation
for high integrity and straight forward dealings, reflecting the
values that have been ingrained in the culture of the firm. Since
its founding, their focus has remained consistent; partner with
business owners and management teams to drive and sustain growth.
Goldner Hawn made its initial investment in Cyber Advisors in July
of 2022.
This strategic move solidifies Cyber Advisors' commitment to
expanding their Managed Service practice and increasing its
technical depth and ability to service clients. Additionally, this
acquisition serves as Cyber Advisors' first brick and mortar out of
state expansion into North Dakota.
"The collaboration with the Cyber Advisors team offers an
excellent integration opportunity with a top-tier partner. With an
extended array of services and resources at their disposal, Cyber
Advisors stood out as the perfect fit for our new partnership. We
are looking forward to continuing to serve our clients and bringing
security to the forefront of our solutions," said Leo Worner,
Owner, S&L Computer Services.
The acquisition of S&L Computer Services represents yet
another milestone for Cyber Advisors, further reinforcing its
position as a trusted advisor to organizations seeking
comprehensive cybersecurity and Managed IT solutions. This
acquisition enhances the strengths and expertise of both companies
to offer clients a broader range of cybersecurity services and more
comprehensive support.
Scott Schafer, Owner, S&L Computer Services, remarked,
"After many years of dedicated service to our valued clients, I am
excited to expand into the cybersecurity solutions offered by Cyber
Advisors. This collaboration arrives at a pivotal moment, as the
need for robust cybersecurity solutions and services continues to
escalate. We look forward to protecting our clients now and into
the future."
S&L Computer Services is known for its personalized
solutions, deep customer relationships, and highly responsive IT
services. With a reputation for delivering high-quality service and
rapid response, the addition of S&L Computer Services to the
Cyber Advisors family brings expanded scale for the Small Business
Division.
"Scott and Leo have built a fantastic business based on a
foundation of dedication to their customers. Their commitment to
providing personalized solutions, fostering deep relationships, and
delivering highly responsive IT services has been the cornerstone
of S&L Computer Services' success. With the acquisition by
Cyber Advisors, this ethos will only be further enhanced. The
additional talented resources that Cyber Advisors brings to the
table will enable the S&L team to not only maintain but elevate
their exceptional level of service. Additionally, we are very
excited to further expand into North Dakota and begin serving a new
community of clients," said Shane Vinup, CEO at Cyber Advisors.
Cyber Advisors and S&L Computer Services are dedicated to
providing a seamless experience for their clients and partners.
Together, their combined expertise will empower clients to thrive
without the weight of technology challenges, enhance their
cybersecurity defenses, and uphold the personalized service they
have grown to rely on.
As cyber threats continue to evolve in sophistication and scale,
Cyber Advisors remains committed to delivering innovative and
effective solutions that safeguard organizations' critical assets.
This acquisition reinforces Cyber Advisors' position as a leader in
the Managed IT Service industry with a focus on the upper Midwest
and underscores its dedication to helping clients navigate the
digital age securely.
Generational Group Executive Managing Director, M&A –
Western Region, Lori Galloway, and Randy Bernard, a Generational
Group Authorized Affiliate, with support from Vice President,
M&A, Tony Brock closed the transaction. Senior Managing
Director, Ashok Tandon established the initial relationship with
SLC.
About Generational Group
Generational Group, headquartered in Dallas, is a leading, award
winning, full-service business advisory firm. With more than 350
professionals located throughout 17 offices in North America, the
company helps business owners release the wealth of their business
by providing growth consulting, merger, acquisition, and wealth
management services. The Generational suite of advisory services
includes strategic growth consulting, exit planning education,
business valuation, value enhancement strategies, M&A services,
digital services, and wealth management.
For more information visit https://generational.com/
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version on businesswire.com: https://www.businesswire.com/news/home/20240419340584/en/
Carl Doerksen 972-342-0968 cdoerksen@generational.com