Generational Group Advises BAI Security, Inc. in its sale to Cyber Advisors, a portfolio company of Goldner Hawn
05 Agosto 2024 - 2:56PM
Business Wire
Generational Group, a leading mergers and acquisitions advisory
firm for privately held businesses, is pleased to announce the sale
of its client, BAI Security, Inc., to Cyber Advisors, a portfolio
company of Goldner Hawn. The acquisition closed July 10, 2024.
Headquartered in Lincolnshire, Illinois, BAI Security, Inc. is a
nationally recognized IT security assessment firm specializing in
comprehensive yet affordable security solutions for highly
regulated industries, such as bank and finance, healthcare, energy,
manufacturing, and more. Their services include IT security
assessments, compliance audits, red teams, network vulnerability
assessments, tabletop exercises, and ransomware simulations.
Since their founding in 2007, BAI Security has built a national
reputation for their highly qualified in-house experts, who use
best-in-class tools and provide customized recommendations to
enhance the security posture of clients across the U.S. They have
earned numerous awards for their innovative and rigorous approach
to cybersecurity.
BAI Security’s co-owners, Founder/CEO Michael Bruck and Chief
Strategy Officer Dr. Michele Bruck, are retaining minority
ownership in their new parent company and will serve as Strategic
Advisors.
Cyber Advisors, a portfolio company of Goldner Hawn based in
Maple Grove, Minnesota, a northwestern suburb of Minneapolis, has
been a leading IT solution provider since 1997. They offer a range
of services including managed IT services, IT security solutions,
and digital transformation.
Incorporated in 2001 by Shane Vinup and Igor Bogachev, Cyber
Advisors is dedicated to reducing network-related downtime,
ensuring data security, and optimizing IT costs for businesses.
With a focus on growth, integrity, and talent, Cyber Advisors is a
trusted partner for innovative and tailored IT solutions.
Goldner Hawn is a private equity investment firm established in
1989, focusing on the lower middle market. Goldner Hawn works
closely with management teams to create and execute shared visions,
driving sustainable growth and value. With a seasoned team and
decades of experience across various sectors, they aim to build
market-leading companies that thrive beyond their investment
horizon. This initiative is led by Andrew Tomashek.
The partnership of BAI Security and Cyber Advisors combines
top-tier IT security assessments with expert managed IT services,
creating a powerful synergy. This union enhances their capabilities
to offer comprehensive, secure, and efficient IT solutions,
addressing the increasing demands of highly regulated industries.
The combined strengths will drive innovation, improve network
security, and optimize IT infrastructure, providing clients with
unparalleled end-to-end service.
Generational Group Executive Managing Director of M&A –
Central Region, Michael Goss and his team, led by Generational
Group Affiliate, Prasad Karcherla, with the support of Vice
President, M&A, Madison Buckley, closed the deal. Senior
Managing Director, Brian Hendershot and Senior M&A Advisor,
Bryce Gray, established the initial relationship with BAI Security,
Inc.
From Ryan Binkley, CEO of Generational Group: “The alliance
between BAI Security and Cyber Advisors brings together leading IT
security assessments with specialized managed IT services, creating
a strong and effective partnership. At Generational Group, we take
pride in facilitating strategic partnerships that drive growth and
enhance service offerings for our clients.”
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 their business’ wealth 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
generational.com.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20240805035136/en/
Jenna Gaston 469-694-8764 jgaston@generational.com