UPSTACK Acquires Global Communication Networks (GCN)
October 19, 2021
UPSTACK has acquired Global Communication Networks, Inc. (GCN), a Florida-based IT channel advisory and connectivity integrator. GCN founder and CEO Chris Palermo will join UPSTACK as President and an equity stakeholder as UPSTACK (backed by a $50M investment from Berkshire Partners) integrates GCN's advisory capabilities to expand its cloud, data center, and connectivity offerings; terms were not disclosed.
- Buyers
- UPSTACK
- Targets
- Global Communication Networks, Inc.
- Platforms
- UPSTACK
- Industry
- IT Services
- Location
- Florida, United States
- Transaction Type
- Addon
Explore More
Related Acquisitions
-
UPSTACK Acquires idea! Communications Group
September 22, 2021
IT Services
UPSTACK, a cloud and internet infrastructure sourcing platform backed by Berkshire Partners, has acquired Colorado-based network and IT consulting firm idea! Communications Group. Co-founders David Garrick and Frank Ferdowsian will join UPSTACK as partners and managing directors as part of the deal; terms were not disclosed. The acquisition is intended to accelerate UPSTACK's platform growth and expand its network, cloud and IT advisory capabilities.
-
UPSTACK Acquires Performance Networks
July 11, 2024
Telecommunications
UPSTACK has acquired Performance Networks, a Denver-area telecommunications consulting firm, with terms not disclosed. Performance Networks' founder Shawn Nus will join UPSTACK as a partner as the team is integrated into UPSTACK's digital infrastructure platform to expand advisory and telecom sourcing capabilities.
-
UPSTACK Acquires Universal Telecommunications and Universal Solutions Providers
April 7, 2022
IT Services
UPSTACK acquired Universal Telecommunications Inc. and sister company Universal Solutions Providers LLC (together, "Universal, the Communications Company") to expand its internet infrastructure advisory and managed services capabilities. Universal's owner Mervyn Gervis will join UPSTACK as a Partner, and Universal's leadership will take senior roles within the combined organization; financial terms were not disclosed.
-
UPSTACK Acquires Cloudnexion
April 27, 2021
IT Services
UPSTACK has acquired Cloudnexion, a global technology and telecommunications consulting firm, to expand its advisory platform for cloud and internet infrastructure solutions. The deal supports UPSTACK's strategy to scale its platform through capability expansion and partner acquisitions following an initial equity investment from Berkshire Partners.
-
UPSTACK Acquires Network One Solutions
October 12, 2023
IT Services
UPSTACK acquired Network One Solutions, a Laguna Niguel, California-based full-service cloud, communications and technology consulting firm. Founder and CEO Michael Stevens and his team will join UPSTACK, with Stevens becoming a partner; terms were not disclosed.
-
UPSTACK Acquires Open Communications
September 29, 2021
Telecommunications
UPSTACK has acquired Utah-based IT consulting firm Open Communications LLC; terms were not disclosed. The deal brings Open Communications founder Amanda Heinritz into UPSTACK as a Partner and equity stakeholder, and supports UPSTACK's strategy to scale its cloud and internet infrastructure sourcing platform (backed by a prior $50 million equity investment from Berkshire Partners).
Track M&A activity that matters to you
Get real-time deal alerts, build buyer lists with AI, and access our full acquisition database. Start your free trial today.