The 20 MSP Acquires iCoreIT Managed Services Division from iCoreConnect
October 1, 2024
The 20 MSP (The 20) has acquired iCoreIT, the healthcare-focused managed IT services division of iCoreConnect (NASDAQ: ICCT), in an asset sale that transfers the division's employees to The 20. The deal expands The 20 MSP's capabilities and presence in the healthcare and dental markets; Pinecrest Capital Partners advised The 20, and Sunflower Bank provided a syndicated credit facility for the transaction.
- Buyers
- The 20 MSP
- Targets
- iCoreIT (managed services division of iCoreConnect)
- Sellers
- iCoreConnect (NASDAQ: ICCT)
- Industry
- IT Services
- Location
- Florida, United States
- Transaction Type
- Divestiture
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