Park Place Technologies is closing out 2018 with its fourth acquisition of the year by picking up CMG-Nicsa's Latin American operations.
With the addition of CMG-Nicsa's IT solutions, support infrastructures and outsourcing services in Latin America and the Caribbean, the data center maintenance services provider hopes to expand its global market position as a third-party maintenance brand leader.
"With CMG-Nicsa, we are acquiring the premier provider of third-party maintenance services in Latin America," Park Place President Chris Adams said in a statement. "With a laser focus on service excellence and deep localized knowledge of the Latin America landscape, CMG-Nicsa has successfully developed strong, long-term customer relationships and generated significant value in the LATAM and Caribbean regions for its global customers."
The acquisition complements a string of recent deals by Park Place, following Ireland-based Origina Technology Services, Singapore-based Axentel Technologies and Houston-based Solid Systems CAD Services.
To support the deal, the Mayfield Heights-based company plans to expand the existing CMG-Nicsa footprint in Uruguay, Argentina, Mexico and Brazil. It will also open an operations center in Uruguay and a test lab and parts warehouse in Mexico.
CMG-Nicsa Co-Owner Christian Gouveia will step into a new role as general manager, LATAM and the Caribbean for Park Place, overseeing operations and ongoing growth.
In other Park Place news, it was announced Friday that Chairman and CEO Ed Kenty will transition his CEO responsibilities to Adams as of Jan. 1, 2019. The transition is part of a predetermined succession plan in place for several years. Kenty will continue as chairman of the board.