Iconic IT, LLC announces the merger of 4 leading MSPs in the SMB space
Release: June 10, 2019. For Immediate Release
Iconic IT, LLC announces the forthcoming merger of 4 IT firms scheduled to take place officially on July 1, 2019. The combined group will be known as Iconic IT LLC. The 4 companies are geographically based in Rochester, Wichita, Dallas, and Denver.
Iconic IT was formed by four leading IT Managed Services firms that have been part of an industry peer group (Connectwise Evolve) for over four years. Capstone IT, Rochester, New York, Choose Networks, Wichita, Kansas, Live Consulting, Denver, Colorado, and Networking Results, Dallas, TX are each leading IT Managed Services firms in their respective markets. The combined entity will become an industry leading MSP with a national reach that maintains its local feel.
Capstone IT’s co-CEOs Mike Fowler will take on the role of CEO of Iconic IT, and co-CEO Sitima Fowler will be the Executive Vice President and General Manager for the Rochester geography. Choose Networks’ CEO, Chris Hoose will be the VP of Communication for Iconic IT, and COO; Nicklas Herrera will become the General Manager of the Wichita geography. Live Consulting’s owners Tony Miller and Nick Nyberg will become the VP of Technology and VP of Revenue respectively. Networking Results’ CEO Jeff Howard will become the VP of Experience.
Mike Fowler, Co-CEO and founder of Capstone IT and CEO of Iconic IT, said, “These companies are run by some pretty sharp people who have built very successful, fast-growing businesses. We’ve built strong relationships and have enjoyed sharing, coaching and challenging each other for years. Through this merger, we are better able to leverage the resources and talents of these iconic, industry visionaries, along with the teams they lead, to continuously improve our service offering and to accelerate our growth. We have adopted the phrase ‘Better Together’ as our purpose. It certainly applies to the four companies but also applies to our employees, our customers and our community.”
Paul Dippell, CEO of Service Leadership said, “The path chosen by the founding companies now comprising the new Iconic IT shows there is a third and equally valid alternative to growth through acquisition besides private equity and big-buying-small: the merger of equals. The founders’ experience together as members of the same peer group helped them strengthen their future, joint business plan, mission and culture. In our work with the group of owners during their pre-merger phases, we found them to be thoughtful, decisive, crisp in action, fair-minded and accountable – qualities which bode well for any executive team. Iconic IT now arrives on the SMB MSP landscape as one of the bigger players in both size of team and of geographic coverage. They launch with solid momentum towards their ultimate goal of catching the top two players in the space, All Covered and mindSHIFT. The predecessor companies of Iconic IT benchmarked with the Service Leadership Index® and we are pleased that they continue to rely on us for unparalleled insight into their performance as compared to the best-in-class in their business model.”
About Iconic IT
Headquartered in Dallas, TX, Iconic IT provides technology support services. Iconic IT headquarters is located at 2350 Airport Freeway Suite 300, Bedford, TX 76022. For more information visit: www.IconicIT.com
About Capstone IT
Headquartered in Pittsford, NY, Capstone Information Technologies specializes in highly-responsive computer support, IT consulting, and proactive managed services for businesses in Western New York. Capstone is a local Rochester Top 100 company serving the area since 2003. For more information visit: www.Capstoneitinc.com
About Choose Networks
Choose Networks, founded in 2002, is a technology company that concentrates its efforts on the user experience. Whether it is enterprise level IT Support (Sentinel Services), a security alarm, home automation, or audio/visual system, our primary focus is on the user not the technology. Our passion is to deliver an exceptional user experience. For more information visit: www.ChooseNetworks.com
About Live Consulting
Live Consulting was founded in 2004 with an oh-so-simple goal of providing small and medium sized businesses with the same level of service as a corporate empire, only with less computer-speak. www.LiveConsulting.com
About Networking Results
Networking Results, Inc. was founded in 2002 with the purpose of bringing technology that large companies enjoy to the small and mid-sized businesses of the Metro area. We knew then that small business could use computers, reliable networks and technology to reach their objectives if that technology just worked. It was our goal to remove the frustration that normally comes on the shoulders of the owners and their employees. This would allow them the freedom to work on their core tasks and not be weighed down by the pain that so often accompanies implementing IT. www.NetworkingResults.com
Name: Chris Hoose, VP of Communications of Iconic IT
Organization: Choose Networks, an Iconic IT company
Address: 410 N. St. Francis, Wichita, KS 67202
Name: Mike Fowler, CEO of Iconic IT
Organization: Capstone IT, an Iconic IT company
Address: 656 Kreag Road, Pittsford, NY 14534