From left to right: Robert Karnes (Buyer), Craig & Carol Paull (Sellers)

Craig Paull started Systek Computing in 1999 near the Bryan/College Station area. This managed IT solution provider delivers networking, instore/onsite computer repair services, graphics and web design and custom software to commercial and residential clients. The company has won numerous awards and has over 7000 customers, of which most are repeat clients. Other drivers of the company's value were a 15-year no-escalation lease in a perfect location, a long-term very well-trained staff, a stable recurring revenue stream from yearly maintenance contracts, and a niche market poised for growth.

 

The Buyer, Robert Karnes, had been looking for a business to purchase for a year prior to coming to our firm and this was the only business he looked at with us. Mr. Karnes is the president and owner of Field Services Integrated Solutions (FSIS), an IT company founded in 1986 and provides maintenance of satellite communication networks within the financial, retail, automotive, government and military sectors. Mr. Karnes is also the State Senator of West Virginia.

Mr. Paull will remain with the company as a key employee. The acquisition of this firm provides FSIS a central geographic location to service their existing clients along with upselling/cross-selling opportunities for both companies. This business was sold within two months of going to market.

Marcia Bowron listed and sold the business.