Arctiq Acquires Summit Partners (IT Consulting Firm)

IBM Acquires 7Summits from Sverica Capital Management

January 11, 2021

IT Services

IBM acquired 7Summits, a Milwaukee-based Salesforce digital solutions consultancy, from Sverica Capital Management. The acquisition adds Salesforce consulting, experience design and application development capabilities to IBM Global Business Services to support its hybrid cloud and AI strategy; financial terms were not disclosed.

Arax Investment Partners Acquires Summit Wealth Strategies

August 5, 2025

Wealth Management

Arax Investment Partners, a RedBird-backed wealth-management platform, has acquired Summit Wealth Strategies, a Chesterfield, Missouri–based registered investment advisor with $1 billion in assets under management. Summit will join Arax Advisory Partners to expand Arax's Midwest presence; financial terms were not disclosed.

Sia Partners Acquires Summus Group

October 5, 2021

Consulting

Sia Partners, an international management and AI consulting firm, has acquired Summus Group, a U.S.-based management consulting firm specializing in business and technology transformation for the financial industry. The deal adds ~80 consultants and strengthens Sia Partners' East Coast presence—notably Charlotte and Atlanta—while expanding its fintech and banking capabilities in the U.S.

DynTek and rSolutions Acquire Arctiq

November 30, 2023

IT Services

DynTek, Inc. and rSolutions (both portfolio companies of Gallant Capital Partners) have acquired Arctiq, a cloud, DevOps and automation solution integrator. The deal is an add-on to the DynTek/rSolutions platform to expand cloud, automation and cybersecurity capabilities and the three companies will consolidate under a single brand in the coming quarter.

Arctiq Acquires Verinext from Mill Point Capital

February 3, 2026

IT Services

Arctiq has acquired Verinext from Mill Point Capital to create a larger, intelligence-driven technology services platform that expands capabilities across managed services, infrastructure, security, data & AI, and autonomous operations. The deal is supported by Gallant Capital Partners, the majority owner of Arctiq, and aims to scale delivery, geographic reach, and managed services capacity across North America.

Summa Equity Acquires Majority Stake in Logpoint

March 2, 2023

Cybersecurity

Summa Equity is acquiring a majority stake in Logpoint, the Copenhagen-based cybersecurity vendor, via its EUR 2.3bn Fund III to build a European cybersecurity powerhouse. The transaction leaves Yttrium as a significant minority shareholder and is subject to final regulatory approval (expected Q2 2023).