Mirus Advises Aztec Technology Partners on Sale of Its PCM subsidiary to Onward Technologies
Mirus Capital Advisors, a leading middle market investment bank, is pleased to announce its role as advisor in the sale of PCM, Inc., a subsidiary of Aztec Technology Partners (NASDAQ: AZTC), to Onward Technologies, Inc. of Chicago, Illinois. Aztec Technology Partners, headquartered in Braintree, Massachusetts, is a leading provider of e-Solutions for middle market and Fortune 1000 companies across a broad range of industries. PCM, Inc., an established network integrator based in Chicago, provides complete integration solutions to its Central United States customer base.
“This transaction accomplishes the goals of both Aztec and the buyer,” said Jamie Grant, a partner at Mirus Capital Advisors. “PCM is an excellent fit geographically and technically with the buyer, and the divestiture creates significant tax benefits for Aztec while enabling the Company to focus more effectively on its core business.”
In an Aztec press release, Ira Cohen, Aztec’s president and chief operating officer, said, “It was critical that we complete the sale of PCM before year-end in order to realize the substantial tax benefits before the fiscal year end. With this transaction behind us, Aztec will now focus on divesting our three remaining non-core businesses, reducing our bank debt, and maximizing the value of Blueflame, our e-solutions subsidiary, for Aztec shareholders.”
About Aztec Technology Partners
Through its Blueflame Inc. subsidiary, Aztec Technology Partners is a single-source provider of e-Solutions for middle market and Fortune 1000 companies across a broad range of industries. Aztec helps clients throughout the U.S. gain competitive advantages by exploiting the power of Intranet, Internet and Extranet technologies.
Mirus Capital Advisors is a mid-market investment bank with over 25 years of experience closing deals for companies valued from $10 million to $100 million. Our industry knowledge and global reach affords us with access to, and relationships with, the best buyers for your business – and our focus on the intangibles that drive value for a buyer makes it possible for us to close a deal that exceeds your expectations for value and liquidity while safeguarding your business from many of the distractions of the M&A process.Back to Transactions