Yorktel, a New Jersey-based audiovisual systems integrator and managed services provider, said Tuesday it has signed an agreement to merge with Kinly, an AV and unified communications integration firm headquartered in Amsterdam.
The deal will combine the companies’ operations, workforces and client bases, creating a firm with more than 1,600 employees in 27 locations serving over 2,500 clients worldwide. Terms were not disclosed.
Yorktel CEO Ken Scaturro said the merger is part of a strategy to grow “with purpose” and to provide “advanced solutions to our global clients.”
“Merging with Yorktel marks an exciting next chapter for our team and customers,” Kinly CEO Tom Martin said. “Our organizations are aligned in values, strategy, and a relentless focus on delivering exceptional outcomes for our clients.”
The combined company will offer managed services including on-site support, proactive monitoring, remote management, cloud voice and AV lifecycle services. Officials said the merger will broaden geographic coverage, unify service operations and expand offerings in AV, UCC and UCaaS solutions.
Private equity firm One Equity Partners, which has invested in Yorktel, backed the transaction. “Yorktel’s scaled North American and global footprint is perfectly complemented by Kinly’s extensive European base,” OEP Partner Carlo Padovano said.
The transaction is subject to regulatory and other customary approvals.