Chapman Associates Acquisition Announcement
Cisco Gold Partner
Chapman Associates has announced the sale of Pangaia Partners, Paramus, NJ, a Cisco Gold partner, to New Era Technology, a leading provider of collaboration solutions and managed services headquartered in New York City and with several offices throughout the world.
Pangaia Partners offers professional and managed IT services with a strong focus in network engineering, collaboration and data center solutions. For over 17 years, Pangaia has served Fortune 500 and midmarket customers in Financial Services, Pharmaceutical, Healthcare and other target markets.
“New Era proved to be a great match for our organization and our customers. We are now able to offer new sets of solutions and have already identified areas that will help accelerate the growth of both companies”, said Gerry McIlraith and Jim Hines, Pangaia’s founders and Managing Partners.
Chapman Associates (www.chapman-usa.com) is one of the most respected middle market mergers and acquisitions firms in the country with a focus in Information Technology and other verticals. Buyers and sellers have trusted Chapman Associates® since 1954. During that time, Chapman has successfully sold over 2,300 companies worth billions of dollars.