Private equity firm Craftsman Capital acquires CMIT Solutions

IT professional services provider CMIT Solutions has been acquired by Texas-based private equity firm Craftsman Capital.

As a result of the deal, CMIT is hoping it will support the long-term growth of its franchise, enhance the operations support at the franchisor and franchisee levels, and extend its category leadership with an elevated infrastructure.

CMIT Solutions offers a selection of IT support solution to small and mid-market businesses across the US. Its services include a mix of tools to combat cybersecurity, data protection and backup, hosting, IT procurement, IT management, network security and device management, among others.

The Guardian platform helps clients to protect their and manage their data, with an established back-up system.

CMIT also delivers a cybersecurity risk assessment in which a client answers varying questions and the platform will be able to identify any risks the company must improve and ways to do so.

This sale comes after a strong stint of growth for CMIT, which included the opening of 42 new franchise offices/territories across North America in 2018. It also added 26 new franchises to its system.

There are now 220 CMIT Solutions offices spread over 33 states in North America.

CMIT Solutions president and CEO Jeff Connally said, “Craftsman Capital enables the company to scale up in so many ways – franchise growth, technology partners, service deliverables, human capital, marketing and operations. Throughout the process of working with the Craftsman Capital team, it became clear beyond a doubt that this is the right fit for us as we move into our next phase of growth.”

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