North Central Equity sells Corporate Technologies LLC
North Central Equity LLC, a Minneapolis based holding company, announced that it has sold Corporate Technologies LLC, a company that specializes in managed IT solutions to Tonka Bay Equity Partners.
Corporate Technologies is a provider of managed IT solutions for businesses and institutions in Minnesota, North Dakota, Southern California, West Michigan, and New Jersey. Corporate Technologies was founded in 1981 and is based in Minneapolis, Minnesota. North Central Equity purchased Corporate Technologies in 2005.
"I am excited about the opportunities this sale provides to the dedicated long-term employees of Corporate Technologies," said Elam Baer, the CEO of North Central Equity. Corporate Technologies, with almost fifty years of history in the industry, specializes in providing managed services solutions to the small and medium-sized business market. Under the 18-year ownership of North Central Equity, Corporate Technologies made the transition from a hardware reseller in Fargo, North Dakota to a Managed Services Company with offices in 5 states.
Baer noted that Tonka Bay's midwestern roots and its plan for Corporate Technologies played a critical role in the sale.
About North Central Equity LLC
North Central Equity LLC is a Minneapolis, Minnesota, based privately-owned holding company, established in 2004.
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