Tonka Bay Invests in Corporate Technologies
MINNETONKA, MN (July 18, 2023) — Tonka Bay Equity Partners LLC (“Tonka Bay”) led the acquisition of Corporate Technologies, a leading IT managed services provider. Tonka Bay partnered with Jim Griffith, CEO of Corporate Technologies, and Minneapolis-based private equity firm, Northstar Capital, in this transaction.
Headquartered in Minneapolis, Minnesota, Corporate Technologies offers a full suite of IT solutions tailored to the small to medium-sized business market. These offerings include helpdesk support, cybersecurity, and cloud solutions. The Company’s 24/7 help desk and high-touch account management create long-lasting customer partnerships. Corporate Technologies has five locations across the United States, providing a national footprint to serve customers in multiple desirable markets, and is actively seeking add-on acquisitions.
Jim Griffith, CEO of Corporate Technologies said, “We’re very excited about the opportunity to partner with Tonka Bay, a local firm with a great reputation that’s an ideal cultural fit with similar views of growth and taking care of customers’ evolving IT and cyber needs.”
Shane Slominski, Partner at Tonka Bay, stated, “Corporate Technologies has developed a reputation as the best-in-class IT managed services provider for small and mid-sized businesses, which is a large and expanding market. We’re very excited for the opportunity to partner with Jim, and the management team, to achieve the company’s next level of growth and success.”
About Corporate Technologies
Based in Minneapolis, Minnesota, Corporate Technologies is a leading IT managed services provider, delivering technology support, cybersecurity, and cloud solutions to businesses and institutions in Minnesota, North Dakota, Southern California, Michigan, and New Jersey. For more information about Corporate Technologies, please visit https://www.gocorptech.com/.
About Tonka Bay Equity Partners
Based in Minnetonka, Minnesota, Tonka Bay has been Building Bigger, Better Businesses® for over 25 years. Tonka Bay Equity Partners is a private equity firm that acquires and invests in growth-oriented businesses in the highly engineered manufacturing, business services and value-added distribution sectors. For more information, call (952) 345-2030 or visit tonkabayequity.com.