The IT service provider market remains fragmented and there also exists a robust M&A market. In the last few years, and still currently in 2020, there are many more buyers than sellers in the IT space and the imbalance is growing. However, most who perceive themselves as buyers will never get a transaction done, or one that bears any fruit.
Cogent EVP & Sr. Partner George Sierchio Educational Webinar on “Being an IT Services Company Buyer – A Look Beyond the Velvet Rope” for the ASCII Group March 5, 2020
Ntiva, a Cogent client backed by Southfield Capital, is a managed services, cloud and cybersecurity provider headquartered in McLean, VA. In early January 2020 Ntiva acquired Equilibrium IT Solutions, Inc., a Chicagoland managed service provider (MSP) focused on highly specialized expertise in infrastructure, IT security, cloud solutions, disaster recovery, IT business planning, strategic advising, and Merger & Acquisition IT consulting.
Cogent buy-side client Computer Support, LLC (dba StratusPointIT), is a national provider of managed IT and cloud services for small and medium businesses headquartered in Natick, MA. In early November 2019, StratusPointIT acquired LightWire, Inc., a Massachusetts based IT services provider with a strong presence in the New England area.
This panel is moderated by Arlin Sorenson of Connectwise and is happening at 2:50PM on Friday Nov 1. Every M&A deal has its challenges. But what happens when challenges become problems that threaten the financial value and overall viability of the deal? In this session, you’ll hear from Rick and the panel who experienced major deal challenges.
Medicus IT (MIT), a leading, healthcare-focused managed services provider (MSP) based in Alpharetta, Georgia, today announced the acquisition of PriorityOne Group (P1), a premier healthcare managed IT services provider based in Rutherford, New Jersey.
Ntiva, a Cogent client backed by Southfield Capital, is a managed services, cloud and cybersecurity provider headquartered in McLean, VA. In September 2019 Ntiva acquired 3Points, a Chicagoland managed service provider (MSP) focused on serving the commercial and nonprofit market.
IT Solutions Consulting Inc.(ITSC) of Fort Washington, Pennsylvania has acquired SecurElement Infrastructure Solutions, a managed IT services provider (MSP) of Malvern, Pennsylvania. Founded in 1994, IT Solutions is an employee-owned business and one of the largest MSPs based in the region.
Cogent buy-side client Professional Computer Support (PCS), is a Northern California leader in protecting data & identity for businesses and non-profits. In early June 2019, PCS acquired FixSwift IT, a fellow Bay Area based IT services provider. The transaction, advised by Cogent Growth Partners as the buy-side intermediary for PCS, will give PCS new capabilities and help PCS to double its business capacity.
Boca Raton, Florida-based Champion Solutions Group has acquired DirecLogix Corp, a fellow Florida-based IT organization that has Amazon Web Services (AWS), Microsoft Azure cloud and HP Enterprise partner expertise. The transaction, sourced and advised by Cogent Growth Partners as the buy-side intermediary for Champion, expands Champions reach through DirectLogix additional offices in Boston, Massachusetts and Santa Clara, California
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Orlando, FL based CompuTech City was acquired by Atlanta, GA based Medicus IT on April 11, 2019. The combination of these two MSPs further establishes Medicus IT's position as one the largest healthcare-focused MSPs nationwide. Cogent Growth Partners provided advisory services to CompuTech City for this transaction.