Spire Capital-backed Dynamic Quest Completes Second Acquisition of 2020 to Continue Expansion in the Southeast Region
Dynamic Quest, a managed service provider offering IT and cloud services to enterprises and businesses, completed the acquisition of Nexxtep Technology Services (“Nexxtep”), a Valdosta, Georgia-based managed services provider.
Dynamic Quest, led by CEO & Founder Javier Gomez, continued with its strategic vision to expand in the Southeastern United States with the acquisition of Nexxtep. This marks the fourth acquisition for Dynamic Quest since the formation of its partnership with Spire Capital in Q2 2018.
Javier Gomez, CEO of Dynamic Quest relayed, “We continue to grow organically and are strategically executing acquisitions to add greater breadth to our services portfolio and geographic reach to better serve our clients and partners. We are excited to welcome the Nexxtep team to Dynamic Quest. The founders at Nexxtep and their team have built a great company, serving critical IT services to their clients. We look forward to continuing the high-quality relationships that Nexxtep has had with their clients while also providing their clients with a broader set of services and solutions to meet their growing needs.”
Founded in 2002, Nexxtep offers managed IT, disaster recovery and hosting services to businesses and enterprises across a wide variety of verticals. Approximately 70% of Nexxtep’s revenue is recurring with a strong, loyal customer base. The Nexxtep team members will join Dynamic Quest and add to the expanding presence to serve Georgia and Florida markets.
Paul Nichols, President of Nexxtep commented “We are thrilled to partner with Javier and Dynamic Quest. They have a high integrity culture, exceptional service and partnership to their clients, and we are proud they will continue our history of client first service with expanded offerings for our customers.”
The transaction will enhance Dynamic Quest’s market share in Georgia and provide the ability to cross-sell some services to Nexxtep’s customer base that are not currently offered. Dynamic Quest will look to leverage its infrastructure including its data center, centralized remote delivery team and sales and marketing initiatives to enhance service solutions for end clients and accelerate growth.
Frontline Capital Partners acted as buyside advisor to introduce this opportunity to Spire and Dynamic Quest.