Wincove Private Holdings, LP (“Wincove”) has completed the sale of Comstar Technologies, LLC (“Comstar” or “the Company”) to New Era Technology, Inc. (“New Era”), a global IT managed services provider to 12,000 customers across 70 offices worldwide. Terms of the transaction were not disclosed.
Headquartered in West Chester, PA, Comstar is a full-service provider of technology and telecommunications services to corporate and institutional customers. The Company’s services include cloud-based phone systems, managed IT services, network infrastructure and cabling, and the integration of premise-based building systems. Comstar’s mission is to be a customer service-oriented “one-stop shop” for the evolving technology needs of small- and medium-sized enterprises.
Wincove partnered with Comstar’s founder, Kevin Flounders, to recapitalize the Company in 2017. Since that time, Wincove supported Comstar in five strategic acquisitions that have accelerated the Company’s shift to recurring cloud-based technology and communications services.
Dave Johnson, President of Comstar, said, “Wincove has been a critical partner to Comstar, assisting us with building out the systems and processes to position the Company as a platform for growth and acquisitions. We’re excited to now join with New Era, the ideal partner to further improve our customer experience.”
DC Advisory advised Comstar. Husch Blackwell served as legal counsel to Comstar.
About Comstar Technologies, LLC
Comstar Technologies delivers innovative solutions to growth-focused companies designed to ignite digital transformation. From cloud-based integrations to modern security and advanced audiovisual solutions, Comstar combines top-tier consulting with over 30 years of experience to create valuable results for its clients. Comstar is an agent of change, a business technology ally so organizations can work smarter, not harder. Highly recognized throughout the industry and a consecutive winner of multiple awards, including Philly.com’s Best Place to Work and Channel Visions’ Best Physical Security, Comstar is well-positioned to meet today’s demands. For more information, visit comstar-usa.com.