Thompson Street Capital Partners Recapitalizes BCM One – Adds to Managed Services Solutions with SIP.US Acquisition

ST. LOUIS (February 6, 2019) – Thompson Street Capital Partners (TSCP), a private equity firm based in St. Louis, announced today that they have partnered with management to recapitalize BCM One, a New York, New York-based provider of managed technology solutions and services to more than 4,500 customers across the United States. KPMG Corporate Finance, led by JP Ditty, served as the exclusive financial advisor to BCM One. Terms of the transaction were not disclosed.

John Cunningham, co-founder of BCM One said, “We are excited to have partnered with Thompson Street, especially in light of their experience in working with founder-led businesses, to help BCM One accelerate its growth while maintaining its focus on customer service.” Added Frank Ahearn, co-founder of BCM One, “Thompson Street demonstrated both industry knowledge and the ability to execute as partners with us – helping position BCM One as a leading managed services provider now and for the future.”

Concurrent with the recapitalization of BCM One, TSCP also completed the acquisition of SIP.US/SIPTRUNK.com (SIP). As part of BCM One, SIP will expand the firm’s presence into the fast-growing, SIP-enabled voice segment with its fully proprietary solution designed to quickly and easily migrate businesses onto next generation voice solutions. Croft and Bender, led by Steve Tye, served as the exclusive financial advisor to SIP. Terms of the transaction were not disclosed.

Marc Fribush, co-founder of SIP.US, stated, “Working with both Thompson Street and BCM One is an exciting next step in the growth of SIP.US.” Michael Rand, co-founder of SIP.US added, “We are excited about the combination as we continue to focus on providing the leading technology solutions to our combined markets.”

Geoff Bloss, formerly COO of BCM One, was named the CEO of the combined entity in conjunction with the finalization of the transaction while Mark Amick will remain as the Chief Operating Officer of SIP.US.

The combination of BCM One and SIP will serve more than 6,000 customers and continue to position the combined entity as a leader delivering fully managed technology solutions to businesses across all verticals.

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 4,500 customers worldwide, BCM One offers a variety of solutions supporting a businesses’ critical network infrastructure – technology expense optimization, unified communications, SD-WAN, cloud, security and connectivity solutions. BCM One prides itself on its long-standing client relationships backed by their mission statement – “Providing a World-Class Experience with Every Human Interaction.”

Founded in 2012, SIP.US is a leading provider of on-demand, enterprise-class IP communications software solutions to businesses. The Company’s fully automated SIP trunking software solution enables quick and easy setup, flexibility and scalability, and a powerful self-service control panel, all supported by a Tier-1 redundant network to ensure the highest level of performance and reliability for its users. The Company’s SIPTRUNK platform offers a differentiated and compelling value proposition for partner resellers, such as IT consultants, dealers, value-added resellers, manufacturers and distributors, who wish to add a brandable white label VoIP solution to their managed service portfolio and generate monthly commission revenue.

Brian Kornmann, Managing Director, TSCP said, “We are excited to launch the combined platform of BCM One and SIP.US, which we believe combines two leading and dynamic businesses in the managed service space. Together, the combined entity will be the basis for a platform company that can deliver best-in-class services to more than 6,000 customers across the U.S. and will serve as a basis for further investments in the space.”

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