Renodis Announces Acquisition of The Eric Ryan Corporation
Renodis, a leading telecom management firm, announced the acquisition of The Eric Ryan Corporation, a utility and telecommunications management solutions provider headquartered in Ellwood City, Pennsylvania. By joining companies under the Renodis umbrella, both firms, employees, partners and most importantly clients will all positively benefit from the combined breadth and capabilities.
“We are excited to welcome the ERC team and its clients to our company,” commented Craig Beason, CEO and Owner of Renodis. “This is our fifth acquisition on our continued growth journey and will expand our brand along the East Coast. Renodis’ most important priority has always been ensuring the resiliency of our clients’ connectivity, advising on the right technologies, and providing best-in-class managed solutions. Keith and his leadership team have built a tremendous customer experience for businesses under their Utility and Telecommunications Expense Management services. This will add value to our clients and provide new offerings to help them reduce costs and increase resiliency.”
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The CEO of The Eric Ryan Corporation (ERC), Keith Venezie and employees will continue to serve ERC clients as a subsidiary of Renodis, operating as: ERC, a Renodis Company.
Keith Venezie, said, “I am delighted by the synergy between ERC and Renodis. Our missions and company values are very similar – to ensure our clients have access to the industry’s best outcomes and lower costs. We look forward to the positive impacts of our team joining Renodis and the new added value we can provide to our clients.”
For 20 years, Renodis has paved the way in client-centric connectivity technology solutions, driving a shift to end-to-end outsourced management. With solutions focused on Consulting, Sourcing, Lifecycle Management, and Expense Management, Renodis serves client’s full telecommunications and mobility environments. The Renodis Promise is to free IT leaders from telecom frustration while saving time, money, and increasing productivity.
Minneapolis based Cherry Tree & Associates served as the investment banking advisor to Renodis, and Faegre Drinker Biddle & Reath LLP served as their legal advisor on the transaction.
Pittsburgh based Gleason Advisors served as the investment banking advisor to Eric Ryan Corporation, and Meyer Unkovic & Scott, LLP served as their legal advisor on the transaction.
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