RKCA - Recent Deal Announcement

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CINCINNATI, OH – RKCA, Inc. (“RKCA”), a leading, independent, middle-market investment bank, is pleased to announce the successful sale of ManhattanTechSupport.com LLC, doing business as Homefield IT, ("Homefield" or "the Company"), a leading provider of IT managed services and enterprise-grade technology support and solutions, to Acrisure Cyber Services. The transaction closed in October 2022.

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Homefield IT, based in New York, NY, was founded in 2012 by Joseph Rabinowitz, James Refino, and Christian Ugolini as ManhattanTechSupport.com, after leveraging their decades of combined IT experience. The Company grew significantly under the team's leadership, and expanded its footprint beyond the greater New York City metropolitan area. As such, the Company rebranded to Homefield IT in 2021. Throughout the Company's history, Homefield has maintained its core value of excellent customer service with emphasis on developing long-term relationships with customers and partners.

Homefield was acquired by Acrisure Cyber Services ("Acrisure Cyber"), a division of Acrisure, LLC, a global financial technology and insurance company headquartered in Grand Rapids, MI. Acrisure Cyber is led by Bill Meara, and is actively expanding into the IT managed services and technology solutions end market. The transaction with Homefield represents Acrisure Cyber's third acquisition in the IT managed services industry since January 2022. (Acrisure Press Release)

“This is a major milestone that we are all extremely proud of. The success that we have experienced is a direct result of having the most passionate team in the industry, consistently focused on delivering uncompromising service to our beloved clients. Acrisure's stellar reputation and vast resources will enable us to extend our reach, while providing increased opportunity and value to our incredible employees, customers and partners alike. I want to extend a special thanks to the RKCA team who did a stellar job running this process for us, and exceeding our expectations every step of the way” said Joseph Rabinowitz, Co-founder of Homefield IT.

“Joseph, Jim and Christian have built a differentiated top-tier IT MSP company building on their collective experience in the space. Buyer interest was high throughout the process and at the end we found the perfect partner in Acrisure Cyber Services that checked off the most important criteria for the three owners – a partner that can provide further growth opportunities and resources for the Homefield employees to scale the business to the next level. Congratulations to Joseph, Jim and Christian on building an outstanding company and executing their plan to perfection. We cannot wait to see the business scale to new levels under the leadership of Alex Stavdal and Jackie Oliva” said Mono Bhattacharya, Partner – RKCA Investment Banking.

"Homefield earns its clients’ business each and every day, which was inspiring for us to witness firsthand throughout the entirety of this process. We were honored and humbled to have ownership trust us with this engagement and process,” said Dominic Hering, Vice President – RKCA Investment Banking.

RKCA Investment Banking advised on the sale process as investment banker. Mono Bhattacharya, Dominic Hering, Andy Dorger and Justin Hollon led the transaction from RKCA Investment Banking.  

About Homefield

Homefield IT is a leading provider of IT managed services and enterprise-grade technology support and solutions to SMBs, middle-market, and enterprise-level clients. For more information, please visit www.homefieldit.com.

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About RKCA

RKCA is privately-held, independent investment bank focused exclusively on serving the middle-market.  The firm provides M&A advisory, capital advisory, and direct investment services uniquely tailored to the needs of middle-market businesses.  With decades of collective deal experience covering billions in transactional value, our personalized deal teams leverage proven processes to achieve exceptional outcomes for our clients.

RKCA was founded in 1986 on the novel principle that middle-market businesses deserve exceptional capital advisory services.  Since then, RKCA’s proven processes have resulted in numerous closed transactions and successful client outcomes.  Today, RKCA’s team of investment bankers are proud to continue the firm’s legacy of client-centric, middle-market focused capital advisory.  For additional information, please visit www.rkca.com.

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The persons providing the testimonials herein have experience in the services that were provided by RKCA. Their respective experience with RKCA may not be representative of all other Clients of RKCA. Testimonials are not paid for by RKCA. Testimonials do not constitute a guarantee of future performance or success related to any product, transaction or service.

RKCA, Inc.is a registered broker-dealer and member of FINRA/SIPC. All securities transactions are conducted through RKCA, Inc. Non-securities engagements are conducted through RKCA Services, LLC. 1077 Celestial Street, Cincinnati, Ohio 45202. Phone: 513.371.5533. Website: www.rkca.com. RKCA, Inc. does not provide accounting, tax or legal advice. Click here for important disclosures as well as our Form CRS

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