Thompson Street Capital Partners Continues Growth of BCM One by Completing Third Acquisition in the Managed Services Space
ST. LOUIS (December 2, 2019) – Thompson Street Capital Partners (TSCP), a private equity firm based in St. Louis, alongside the founders and management of BCM One, a New York, New York-based managed service provider announced today that they have completed the acquisition of Arena One. New York, New York-based Arena One (www.arena1.com) is a provider of UCaaS technology solutions and services to customers across the United States. W.G. Nielson, led by Ray Hernandez, served as the exclusive financial advisor to Arena One. Terms of the transaction were not disclosed.
Geoff Bloss, CEO of BCM One said, “Continuing to evolve our product set was a strategic priority of ours through our partnership with TSCP. Arena One fits this profile by enabling us to provide additional managed services to our customers and growing our footprint in the UCaaS space.”
Added Frank Ahearn, BCM One co-founder and current Board Member, “When we chose to partner with TSCP to recapitalize our business, completing value-creating acquisitions was a key aspect of our partnership roadmap. Arena One, with its strong product offering, is another example of the ongoing growth of the business supported by our Board, executive team and TSCP. As a result of the acquisition, BCM One serves more than 7,000 customers and offers leading voice and data solutions to enterprise level clients throughout the United States.”
Dennis Arena, Founder and CTO of Arena One, stated “We are excited about the next phase of Arena One’s growth story – partnering with BCM One and TSCP to accelerate the growth of Arena One while continuing the Company’s commitment to providing a world-class product alongside customer and channel support. This is an ideal outcome for everyone involved.”
Said Brian Kornmann of TSCP, “We continue to strongly advocate growth of the BCM One platform investment – Arena One is our third completed acquisition in the niche. The transaction expands our managed services footprint and sets the stage for further growth of the Company. With the leadership of our current executive team and strong support from our Board, including the founders of BCM One, we are very excited about the future of this platform.”
Founded in 1992, BCM One (www.bcmone.com) is a leading managed solutions provider offering businesses a one-stop shop for integrated technology needs. Serving more than 7,000 customers worldwide, BCM One offers a variety of solutions supporting businesses’ critical network infrastructure – unified communications, SIP Trunking and UCaaS services, SDWAN, cloud, security and connectivity solutions.