NEW YORK – October 24, 2024 – One Equity Partners (“OEP”) today announced that it has completed the acquisition of York Telecom Corporation (“Yorktel”), an IT services firm specializing in managed services, and enterprise collaboration solutions. Financial terms of the private transaction were not disclosed.
Founded in 1985 and headquartered in Wall, N.J., Yorktel is a Next-Gen Global Systems Integrator and leading Managed Services Provider. The company supports a wide range of blue-chip enterprise customers and government agencies by delivering managed IT services, collaboration system integrations, and advanced AI-based monitoring solutions to elevate the hybrid work experience. Yorktel has over 500 global employees with a scalable operating footprint across the Americas, Europe and Asia.
“Large organizations require a trusted partner such as Yorktel to help modernize and maintain their collaboration and Modern Work technology,” said Carlo Padovano. “We see significant opportunities for the company to continue to grow organically, make strategic acquisitions, and expand its offerings.”
“We are excited to partner with OEP as we embark on the next phase of growth for Yorktel,” said Ken Scaturro, CEO of Yorktel. “OEP’s expertise in the IT services sector will be invaluable as we further expand our solutions and offerings that enhance our customers’ digital workplace experience.”
“Investments in productivity, automation, and collaboration technologies are a priority for business leaders,” said Otavio Birman, Vice President, One Equity Partners. “Yorktel is well-positioned to help meet this demand by delivering solutions that improve client operations in an increasingly connected environment.”
Guggenheim Securities, LLC served as financial advisor to Yorktel.
About One Equity Partners
One Equity Partners (“OEP”) is a middle market private equity firm focused on the industrial, healthcare, and technology sectors in North America and Europe. The firm seeks to build market-leading companies by identifying and executing transformative business combinations. OEP is a trusted partner with a differentiated investment process, a broad and senior team, and an established track record generating long-term value for its partners. Since 2001, the firm has completed more than 400 transactions worldwide. OEP, founded in 2001, spun out of JP Morgan in 2015. The firm has offices in New York, Chicago, Frankfurt and Amsterdam. For more information, please visit www.oneequity.com.
About York Telecom Corporation
York Telecom Corporation (“Yorktel”) is a Next-Gen Global Systems Integrator and leading Managed Services Provider, specializing in end-to-end collaboration services and value-added offerings. For nearly four decades, Yorktel has primarily served corporate and government markets. With comprehensive reporting and AI-based monitoring analytics, Yorktel provides real-time visibility across the entire Modern Work stack. Its holistic solutions enable enterprises and government agencies to enhance the users digital workplace experience in hybrid work environments. Learn more at www.yorktel.com.
Media
Thomas Zadvydas
Stanton
646-502-3538
Tzadvydas@stantonprm.com
Michael Beaudoin
Yorktel
617-594-5190
mbeaudoin@yorktel.com