NWN Acquires InterVision Systems, Accelerating AI-Powered Services across North America
BOSTON--(BUSINESS WIRE)-- NWN Corporation ('NWN' or 'the Company'), a leading provider of AI-powered technology solutions in North America, today announced it has closed the acquisition of InterVision Systems ('InterVision'), a premier managed services provider and leader in innovative IT solutions, from MidOcean Partners, a New York-based alternative asset manager. The financial terms of the transaction were not disclosed.
The transaction represents NWN's second acquisition since September 2024 under American Securities ownership, led by CEO Jim Sullivan and SVP of Corporate Development Matt Curran, and seeks to expand the Company's integrated offerings across North America, marking a significant milestone in the Company's growth trajectory.
Jim Sullivan, President & CEO at NWN commented: 'We are thrilled to partner with the InterVision team and build on our momentum together in this next chapter. Integrating their innovative solutions into our AI-powered offerings platform will significantly accelerate our clients' digital transformation journeys, expand our footprint in the Midwest, and strengthen our presence in the Mid-Atlantic and Public Sector markets nationwide.'
Supported by InterVision's capabilities in cloud implementation services and application modernization, NWN's future expansion will be driven by the AI consulting market which is projected to grow at a CAGR of 34% through 2028 as organizations continue modernizing their tech stacks with cloud-native infrastructure. NWN delivers speed to market and deep technology expertise to accelerate successful AI and digital transformation.
The acquisition also marks a pivotal step in delivering exceptional value and adopting new capabilities to the Company's growing customer base, including:
Cloud Contact Center (CX) Platforms: Amazon Web Services (AWS) Contact Center and Cloud CX Expertise that extends NWN's capabilities to leverage Amazon Connect for scalable and secure customer engagement.
Cloud Services: Adding AWS and Azure practices complement NWN's existing cloud communication and infrastructure offerings, accelerating our ability to deliver secure, scalable, and tailored cloud solutions to enterprise and public sector customers. This strategic alignment expands our service portfolio and strengthens our position as a leading provider of end-to-end cloud lifecycle services across hybrid and multi-cloud environments.
Intelligent Infrastructure Capabilities Expansion: Bringing the new Cisco AI-Ready Infrastructure Specialization and expanding capabilities in strategic geographies.
Advanced Cybersecurity Solutions: Gaining strategic software and services capabilities required to secure the modern workplace including threat intelligence integration, endpoint protection, and enhanced incident detection and response.
Jonathan Lerner, President & CEO at InterVision commented: 'NWN's commitment to innovation, clients, and employees align with our core values and culture, making them the ideal partner to guide organizations through every stage of cloud and AI adoption in today's dynamic technology landscape. I extend my gratitude and thanks to InterVision employees, Jim Sullivan, our investors at MidOcean Partners, and American Securities.'
Based in Chesterfield, MO, InterVision stands at the forefront of delivering comprehensive IT managed services with advanced expertise in intelligent infrastructure, cloud, AI and security for over 1000 mid-to-enterprise and public sector organizations throughout the US. They ranked #94 on CRN's Solution Provider 500 List in 2024 and are recognized as a top IT provider for their cloud, security, and innovation expertise. They hold additional offices in Richmond, Roanoke, Sacramento, Seattle, San Jose, Kosovo, and India.
About NWN
NWN is the leading AI-powered technology solutions provider for North America's most innovative public and private organizations. For more than 30 years, NWN has helped over 5,000 CIOs deliver technology modernization programs with its Intelligent Workplace, Customer Experience (CX), Managed Devices, Cybersecurity and Public Safety, Connectivity, and Intelligent Cloud solutions. The company's proprietary Experience Management Platform ensures seamless service delivery, real-time observability and improved efficiency for its clients' most demanding technology needs. NWN is a high-performance, high-integrity team of 1,000+ experts committed to a customer-obsessed culture, earning a 79 Customer Net Promoter Score. The company has been recognized with hundreds of industry awards and is proud to be a 'Best Place to Work' with an 82 Employee Net Promoter Score. For more information, visit: NWN.ai.
About InterVision Systems
InterVision is a leading IT managed services provider, delivering and supporting cloud, security and innovation for mid-to-enterprise and public sector organizations throughout the US. With 30 years of experience and one of the most comprehensive solution portfolios, InterVision drives business outcomes with an unparalleled focus on the customer and employee experience to help organizations be more competitive, compliant, and secure. The company has headquarters in Chesterfield, MO with locations in Richmond, Roanoke, Sacramento, Seattle, San Jose, Kosovo and India.
About American Securities
Based in New York with an office in Shanghai, American Securities is a leading U.S. private equity firm that invests in market-leading North American companies with annual revenues generally ranging from $200 million to $2 billion. American Securities and its affiliates have more than $23 billion under management. For more information, visit www.american-securities.com.
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We discount the terminal cash flows to today's value at a cost of equity of 8.4%. Terminal Value (TV)= FCF2034 × (1 + g) ÷ (r – g) = US$1.9b× (1 + 2.9%) ÷ (8.4%– 2.9%) = US$35b Present Value of Terminal Value (PVTV)= TV / (1 + r)10= US$35b÷ ( 1 + 8.4%)10= US$16b The total value, or equity value, is then the sum of the present value of the future cash flows, which in this case is US$25b. In the final step we divide the equity value by the number of shares outstanding. Relative to the current share price of US$84.3, the company appears quite good value at a 31% discount to where the stock price trades currently. The assumptions in any calculation have a big impact on the valuation, so it is better to view this as a rough estimate, not precise down to the last cent. The calculation above is very dependent on two assumptions. The first is the discount rate and the other is the cash flows. Part of investing is coming up with your own evaluation of a company's future performance, so try the calculation yourself and check your own assumptions. The DCF also does not consider the possible cyclicality of an industry, or a company's future capital requirements, so it does not give a full picture of a company's potential performance. Given that we are looking at Tapestry as potential shareholders, the cost of equity is used as the discount rate, rather than the cost of capital (or weighted average cost of capital, WACC) which accounts for debt. In this calculation we've used 8.4%, which is based on a levered beta of 1.272. Beta is a measure of a stock's volatility, compared to the market as a whole. We get our beta from the industry average beta of globally comparable companies, with an imposed limit between 0.8 and 2.0, which is a reasonable range for a stable business. See our latest analysis for Tapestry Strength Debt is well covered by earnings and cashflows. Dividends are covered by earnings and cash flows. Weakness Earnings declined over the past year. Dividend is low compared to the top 25% of dividend payers in the Luxury market. Opportunity Annual earnings are forecast to grow for the next 3 years. Good value based on P/E ratio and estimated fair value. Threat Annual earnings are forecast to grow slower than the American market. Valuation is only one side of the coin in terms of building your investment thesis, and it shouldn't be the only metric you look at when researching a company. The DCF model is not a perfect stock valuation tool. Rather it should be seen as a guide to "what assumptions need to be true for this stock to be under/overvalued?" If a company grows at a different rate, or if its cost of equity or risk free rate changes sharply, the output can look very different. What is the reason for the share price sitting below the intrinsic value? For Tapestry, there are three additional factors you should further research: Risks: To that end, you should be aware of the 3 warning signs we've spotted with Tapestry . Management:Have insiders been ramping up their shares to take advantage of the market's sentiment for TPR's future outlook? Check out our management and board analysis with insights on CEO compensation and governance factors. Other High Quality Alternatives: Do you like a good all-rounder? Explore our interactive list of high quality stocks to get an idea of what else is out there you may be missing! PS. The Simply Wall St app conducts a discounted cash flow valuation for every stock on the NYSE every day. If you want to find the calculation for other stocks just search here. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
