HBS Forms Partnership with GenNx360 Capital Partners to Drive Continued Growth
Little Chute, WI – October 7, 2025 – Heartland Business Systems (HBS), a leading Midwest-based provider of technology solutions, cybersecurity and IT services, is pleased to announce a new capital partnership with GenNx360 Capital Partners (GenNx360). GenNx360, a New York City-based private equity firm investing in middle market services companies, has acquired HBS from A&M Capital Opportunities (AMCO).
HBS is a Little Chute, Wisconsin-based provider of information technology services for commercial and public sector clients across the Midwestern United States. The Company has 675+ full-time employees including 400+ certified engineers. HBS delivers end-to-end technology solutions to 3,200+ customers through its comprehensive offering set of network infrastructure, cloud, cybersecurity, applications, collaboration and managed services capabilities.
Founded in 1992 by Peter Helander and several colleagues, HBS has continued a legacy of innovation for three decades to grow into the premier technology partner it is today. As the Company’s leader since inception, Peter Helander helped to grow HBS organically through its robust partner network, commercial organization and engineering capabilities, as well as inorganically through various strategic acquisitions, adding core technical competencies and expanding the company’s geographic footprint. In 2022, Peter and the HBS team partnered with AMCO to further its growth trajectory, completing two strategic acquisitions to bolster its offering set. As HBS takes its next step in partnering with GenNx360, Peter has decided to retire from his role as Chief Executive Officer and will help facilitate a seamless transition for the next leader of the company.
"We are excited about the partnership with HBS as it represents a strong platform primed for growth. The IT solutions sector is a large, growing and fragmented market, all of which are considered key tenets to GenNx360’s investment strategy. We have been impressed by the current momentum of the business and are excited to leverage our prior experience in the space to support the team on a go-forward basis.”
- Ron Blaylock, GenNx360 Founder & Managing Partner
"We have been impressed by the exceptional business Peter and his team have built and are excited to enter as HBS’s new partner.”
- Peter White, GenNx360 Principal
In connection with the capital partnership with GenNx360, Jimmy Buddenberg has also been named as the new CEO of HBS.
“Jimmy’s engaging, steadfast leadership style is a fantastic fit for the Company’s growth-oriented Midwest culture,” said Peter White. “His extensive experience in the sector combined with his strategic vision positions him exceptionally well to lead the business into this next chapter.”
Jimmy Buddenberg, a seasoned industry executive, brings more than 30 years of experience providing IT and security services across a variety of end markets. Most recently, Jimmy served as the Digital Practice Leader at Elliott Davis where he was responsible for building the Cybersecurity and Technology Consulting practice. Prior to Elliott Davis, Jimmy served in various leadership roles at ACS, Xerox, and Atos for over two decades. Jimmy’s diverse experience includes leading large IT service organizations, serving multinational customers and managing commercial, delivery and operation functions. At the beginning of his career, Jimmy served as a solution architect and a technology analyst, providing him a strong technical foundation.
"I am thrilled to be joining a strong organization with impressive capabilities and a team that is primed for transformational growth. Peter and his colleagues have done a phenomenal job of establishing HBS as a trusted IT solutions provider across an impressive base of 3,200+ customers, and I am excited to be helping lead this next stage of the HBS journey.”
- Jimmy Buddenberg, HBS CEO
About HBS
HBS is a premier provider of customized technology solutions, cybersecurity, and IT services. Through end-to-end technology, cybersecurity, and managed services solutions, HBS empowers organizations of all sizes, in diverse industries, to realize the full potential of their people, processes and technology. Backed by a team of highly skilled experts and relationships with leading technology manufacturers, HBS helps organizations drive growth, inspire innovation, and strengthen security. For more information, please visit www.hbs.net.
About GenNx360 Capital Partners
GenNx360 Capital Partners is a private equity firm focused on acquiring middle market business-to-business services companies. GenNx360 partners with companies having proven and sustainable business models in expanding industries with the objective of implementing and supporting value-enhancing organic and inorganic initiatives to accelerate growth, deliver cost efficiencies, and generate strong financial returns. GenNx360 was founded in 2006 and is headquartered in New York City. For more information on GenNx360, please visit www.gennx360.com.
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