Newton, MA, April 28, 2016 --(PR.com
)-- Sell-Side Representation of Eastern Tennessee Data Center and Cloud Services Provider.
NEF Capital Advisors (NEFCAP), a specialized advisory firm facilitating transactions in the data center and telecommunications space, announced the acquisition of Digital Crossing Networks (DCN) by The Nexus Group, Inc. (Nexus). Nexus will continue to operate the data center under the Digital Crossing Networks brand. NEFCAP served as the exclusive advisor to DCN. The terms of the acquisition were not disclosed.
The acquisition of one of Knoxville’s largest data centers is an excellent strategic fit for Nexus. Len Higgins, CEO of Nexus said, “We look forward to continuing to serve the existing customers of Digital Crossing Networks and expanding the Nexus footprint in the Greater Knoxville area and East Tennessee” adding, “We look forward to continuing and expanding upon their success.”
Founded in 1994 and headquartered in Nashville, Tennessee, Nexus provides technology services and solutions in areas including network connectivity, voice, cyber-security solutions, colocation and managed services. Nexus plans to grow its footprint in the Southeast through strategic acquisitions and an expanded cloud-based service offering.
NEFCAP worked closely with DCN’s ownership to develop the go-to-market strategy as well as manage all aspects of the transaction. Heetesh Patel, part owner of DCN said, “NEF Capital Advisors played in integral role in the process. Their professionalism and organized approach ensured the transaction’s success.”
About NEF Capital Advisors
NEF Capital Advisors is a boutique mergers and acquisitions advisory resource representing a variety of data center facilities, managed services and cloud providers across the United States. Since its founding in 2004, the NEF team has helped advise clients on valuations, business optimization and strategic transactions of assets. NEF Capital Advisors offers representation on the buy-side or sell-side, as well as consulting to companies in the following areas of expertise: data center facilities, telecom networks, carrier hotels, colocation and cloud providers, fiber network assets and conduit systems.