Riata Capital Group has completed the recapitalization of COEO Solutions, a leading provider of managed network and cloud collaboration services for small and mid-sized enterprises, to support the Company's growth and expansion objectives.

Target Company Overview

Riata Capital Group ("Riata" or "RCG") announced the successful recapitalization of COEO Solutions ("COEO" or the "Company"), a prominent provider of advanced managed network and cloud collaboration solutions for small and mid-sized enterprises. Headquartered in Downers Grove, Illinois, COEO specializes in delivering tailored IT solutions that encompass a wide range of sectors, including healthcare, finance, manufacturing, business services, education, and government. Under the leadership of Founder and CEO Eric Wince and President Frank Ruffolo, COEO has established itself as a reliable partner for clients, attending to their unique infrastructure needs through state-of-the-art services like DIA, SD-WAN, SASE, managed voice, and UCaaS.

COEO primarily targets the "Forgotten 5,000"—a group of small to mid-sized enterprises that are often overlooked by major telecommunications carriers. These businesses require a dependable communications partner that can guarantee 100% network uptime and deliver exemplary onshore support. By adopting a customized approach to managed network and cloud services, COEO ensures that its clients can concentrate on their core competencies while benefiting from top-notch IT solutions and support.

Industry Overview

The managed network and cloud collaboration industry in the United States has experienced significant growth, driven by the rapid digital transformation of businesses looking to enhance their oper