Mount Laurel firm buys Atlantic County IT company
Mount Laurel-based Ancero LLC is buying Ground Swell Inc., a computer-services company that was founded in Ventnor and now has its headquarters in Egg Harbor Township.
Ancero announced the deal this week, saying the goal of the purchase is to grow in Ground Swell’s historic home base.
Terms of the deal were not disclosed.
“Our cultures align very well, and their geographic presence in Cape May, Atlantic and Ocean (counties) fast tracks our expansion plans,” said an Ancero partner, Paul Boyer.
But the deal is also a kind of return to its roots for Ancero, which got its start in Northfield in 1999. The founders included another partner, Robert Hogg Jr., a Northfield native who said this week that his company is “thrilled to be back to the area where it all started for us. The Jersey Shore footprint has seen a recent boom in business.”
Ground Swell was founded in 2001 by longtime friends Justin Tinel and Kurt Kwart, who then lived in Linwood and Atlantic City. In a 2010 interview, Kwart described the two as “technical entrepreneurs,” and said the company’s IT business included “an array of services for personal computers, Macs, computer networks and websites.” At that point, Ground Swell had four employees.
In a statement, Ground Swell’s Tinel said his company was attracted to the deal by Ancero’s “proven track record of growth and innovation. We knew we could trust them to nurture our company and turn it into a great success story.”
From Mount Laurel, in Burlington County, Ancero serves clients throughout the Mid-Atlantic states and the Northeast Corridor, the company said in a statement.