Bloomberg Law: HKW Buys IT Managed Services Franchiser
January 13, 2023
O’Melveny advised private equity firm Craftsman Capital on its sale of CMIT Solutions, LLC, a leading IT Managed Service Provider (MSP) franchisor, to HKW, a middle-market private equity firm. Additionally, HKW acquired HTW, Inc., CMIT’s largest franchisee, to serve as the foundation of a corporate affiliate. Financial terms of the transaction, which was announced on January 9, were not disclosed. The O’Melveny team was led by partners Jack Jacobsen and Will Becker, counsel Ashley Thurman, and associates Sean Horan and Eleanor Gilbert.
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