May 11, 2022

Nautic Partners Announces Investment in IT Solutions

FORT WASHINGTON, PA. & PROVIDENCE, R.I.–(BUSINESS WIRE)–Nautic Partners (“Nautic”) is pleased to announce that it has finalized the recapitalization of IT Solutions Consulting, Inc. (“ITS”), a market-leading managed information technology (IT) service provider servicing commercial clients throughout the northeast, in partnership with ITS management.

“Nautic remains active in evaluating and partnering with industry-leading managed IT and security service providers, and we are excited for the ITS team to join the portfolio,” S. Shahan Zafar, a Managing Director of Nautic, added.

Headquartered in Fort Washington, PA, ITS is a full-service IT services company providing network management and support as well as custom application and web development services to clients across the Greater Philadelphia and Mid-Atlantic regions for more than 25 years. The new partnership is expected to further support investment in ITS’ innovative technology and capabilities in core areas such as delivery, customer success, technical talent, and new technologies. The team further intends to expand core solution offerings into adjacent solutions such as cybersecurity and cloud, and will leverage these investments to accelerate its geographic expansion.

“Our team is excited for the Nautic investment that will further enhance our market-leading ability to deliver the expertise and support our clients rely on to manage and protect their IT environment.”

Garrett Graney, ITS’ Chief Executive Officer, said, “I am incredibly proud of the culture and success our employee owners have achieved at ITS over its 25-year history. We are excited to announce the partnership with Nautic, particularly given their experience and relationships within the managed IT and security services landscape. The partnership has highlighted our shared vision of serving businesses across the country while maintaining an employee ownership culture and service excellence.”

Jim Higgins, Vice President of Sales and Marketing, added, “Our team is excited for the Nautic investment that will further enhance our market-leading ability to deliver the expertise and support our clients rely on to manage and protect their IT environment.”

Mark Perlberg, Managing Director at Nautic, said, “Our investment in ITS expands on our commitment to supporting best-in-class management teams across the managed IT service landscape. We have been thoroughly impressed with the culture and team ITS has developed across its rich history, and are eager to empower the team to drive future growth, both organically and via strategic M&A.”

“Nautic remains active in evaluating and partnering with industry-leading managed IT and security service providers, and we are excited for the ITS team to join the portfolio. We believe ITS represents a differentiated platform given its entrepreneurial and accountable culture that has fostered a high level of commitment to client delivery and success,” S. Shahan Zafar, a Managing Director of Nautic, added.

Charlson Braber McCabe & Denmark along with Menke & Associates served as legal advisors to ITS and their ESOP shareholders. Locke Lord LLP served as legal advisor to Nautic.

About ITS

ITS is a leading managed services provider with a focus on proactive and strategic support for small and mid-market businesses. Founded in 1994 by Ted Swanson and headquartered near Philadelphia, PA, ITS partners with clients to align technology with business goals, secure data and networks, and improve processes through tailored, innovative solutions. In addition to providing comprehensive managed IT services, ITS offers cybersecurity, cloud, custom application development, and business intelligence services. Visit www.itsolutions-inc.com to learn more.

About Nautic

Nautic is a middle-market private equity firm that focuses on three industries: healthcare, industrials, and services. Nautic has completed over 150 platform transactions throughout its 35-plus year history. Nautic’s strategy is to partner with management teams to accelerate the growth trajectory of its portfolio companies via add-on acquisitions, targeted operating initiatives, and increased management team depth. For more information, please visit www.nautic.com.

Contacts

Nautic Partners, LLC
Allan Petersen, 401-278-6770
Managing Director

Share this article:
LinkedIn
Twitter
Facebook
WhatsApp

Learn why an ESOP is better for You,
your Business, and your Employees

Upcoming Web Seminar:

As we move into 2025, businesses are navigating a dynamic economic landscape marked by evolving tax policies, rising employee expectations, and the need for sustainable growth strategies. Whether your goal is reducing corporate taxes, creating liquidity for retiring shareholders, or retaining top talent with competitive benefits, Employee Stock Ownership Plans (ESOPs) offer a proven pathway to success.

This engaging 90-minute webinar will highlight how ESOPs can empower businesses to thrive in 2025 and beyond, providing insights tailored to this year’s unique challenges and opportunities.

What You'll Learn

    • What is an ESOP? A comprehensive overview of how ESOPs work and the transformative benefits they offer to companies and employees.
    • Solutions for 2025’s Challenges: Strategies to tackle rising labor costs, preserve cash flow, and leverage ESOP tax advantages to build resilience.
    • Tax Benefits for Owners & Companies: Explore ways ESOPs minimize taxes while boosting after-tax returns for selling shareholders.
    • Attract & Retain Talent: Understand how ESOPs foster employee loyalty, enhance productivity, and drive long-term growth.
    • Valuation & Financing Insights: Learn how ESOP valuations are conducted and discover flexible financing structures that support your business goals.

Why 2025 is the Year to Explore ESOPs

With increasing focus on equitable business practices, tax-efficient growth, and employee empowerment, ESOPs have never been more relevant. Research shows that ESOP-owned companies consistently outperform their peers in growth, profitability, and employee satisfaction—key factors in staying competitive in today’s economy.

This webinar is ideal for business owners, CFOs, HR leaders, and advisors seeking actionable strategies to adapt and succeed in 2025’s evolving marketplace.This engaging 90-minute webinar will highlight how ESOPs can empower businesses to thrive in 2025 and beyond, providing insights tailored to this year’s unique challenges and opportunities.

Reserve Your Spot Today

Don’t miss this opportunity to discover how ESOPs can align your business goals with the needs of employees and stakeholders.

10:00AM – 11:30AM PT
11:00AM – 12:30PM MT
12:00PM – 1:30PM CT
1:00PM – 2:30PM ET

READY FOR AN ESOP NOW?

Interested in finding out how an ESOP could work for your company?

For a free preliminary analysis, just fill out our ESOP Feasibility Questionnaire.

Related Articles