Akerman Senterfitt recently represented Vology Data Systems, a global provider of new and certified pre-owned networking and telecommunication solutions, in its merger with Bayshore Technologies, a systems integrator and Hewlett Packard (HP) reseller known for its IT consulting practice and product fulfillment capabilities. Hyde Park Capital Advisors LLC served as exclusive financial advisor to Vology Data Systems.
The merged companies, both based in Tampa, will form one company known as Vology, a technology solutions company. Bayshore Technologies will serve as the Vology's professional services delivery division.
David Doney, managing shareholder of Akerman's Tampa office, served as lead lawyer representing Vology Data Systems in this deal and several other transactions, including the August 2012 acquisition of Sooner Network Solutions Inc. Akerman also represented Vology Data Systems in a $32.5 million recapitalization transaction in February 2011 that comprised equity, mezzanine financing, and senior bank debt aimed at improving Vology's financial position and providing additional working capital to fund growth initiatives including potential acquisition opportunities.
"Akerman and David have represented Vology Data Systems for many years -- most recently in last year's acquisition and recapitalization activities, and now in the merger with Bayshore," said Mary Carroll chair of the Akerman Corporate Practice Group. "It's exciting to continue to work with their dynamic leadership and see the company strengthen and grow in a very competitive marketplace."
Beth Alcalde, of counsel in Akerman's Taxation Practice Group, assisted Doney with employee benefits due diligence and integration for the merger.
Akerman is recognized by U.S. News - Best Lawyers as a leading U.S. law firm for Corporate, M&A, Private Equity, Securities/Capital Markets, and Securities Regulation Law. In addition, Akerman's Corporate Practice Group is recognized by The Legal 500 within the National Firms – Middle Market category and is ranked #1 by Chambers USA for Corporate/M&A & Private Equity in Florida. Akerman's Corporate Practice Group advises public and private companies, including private equity funds, in mergers & acquisitions, securities offerings, financings and other transactional matters, with a strong focus on the middle market.
About Akerman Senterfitt
Akerman is a leading transactions and trial law firm known for its core strengths in middle market M&A, within the financial services and real estate industries, and for a diverse Latin America practice. With more than 550 lawyers and government affairs professionals and a network of 19 offices, it is ranked among the top 100 law firms in the U.S. by The National Law Journal NLJ 250 (2012). Akerman also is ranked among the top 100 law firms for diversity by MultiCultural Law magazine (2012) and recognized as the Law Firm of the Year for Diversity – South by Benchmark Litigation (2012). More information can be found at akerman.com or twitter.com/akerman_law.