Bell Acquires Stratejm and CloudKettle

Stratus Team Acquires Kestrel Engineering Group

February 10, 2026

IT Services

Stratus Team, LLC has acquired Kestrel Engineering Group, expanding Stratus’ geographic reach into the Northwest and Upper Midwest while deepening its industrial process facilities engineering capabilities. The combined teams will provide multi-discipline engineering and project delivery across the full project lifecycle for energy, oil and gas, metals, and chemicals clients, with Kestrel’s teams remaining in place.

BlueAlly Acquires Strata Consulting

August 2, 2023

IT Services

BlueAlly Technology Solutions, a Source Capital portfolio company, has acquired Strata Consulting, a San Francisco Bay Area consulting firm specializing in security, compliance, DevOps and AWS cloud services. The add-on deal expands BlueAlly's capabilities in security, compliance and cloud engineering and integrates Strata's consulting and managed-services expertise into BlueAlly's national IT services platform.

CloudHesive Acquires Eplexity with Investment from Strattam Capital

May 22, 2023

Cloud & SaaS

CloudHesive, an AWS Premier Partner backed by Strattam Capital, has acquired fellow AWS Premier Partner Eplexity to broaden its managed services, Amazon Connect/CCaaS, and application modernization capabilities. The deal is an add-on acquisition that expands CloudHesive’s U.S. footprint (adding a Denver office) and strengthens its contact center, AI/ML, and cloud migration offerings.

Bell Acquires FX Innovation

May 4, 2023

IT Services

Bell has entered into and completed an agreement to acquire Montréal-based FX Innovation, a provider of multi-cloud managed and professional services and workflow automation solutions. The acquisition is intended to combine FX Innovation's cloud expertise and ServiceNow capabilities with Bell's national scale, fibre and 5G networks to expand Bell's cloud and managed services offerings for Canadian businesses.

Ascend Technologies Acquires Stratosphere Networks' Managed IT and Security Services Division

December 2, 2021

IT Services

Ascend Technologies has acquired the managed IT and security services division of Stratosphere Networks in a carve-out that expands Ascend’s presence and managed services capability in the Chicago area. Stratosphere will retain its IT project, voice services and consulting businesses while Ascend — backed by private equity partner M/C Partners — onboards the transferred managed services staff and clients.

TELUS Acquires Blacksmith Applications from Strattam Capital for $275M

November 8, 2021

Cloud & SaaS

TELUS Corporation has acquired Blacksmith Applications, a revenue growth management and trade promotion optimization software provider for consumer packaged goods (CPG), from Strattam Capital for $275 million. Strattam had backed Blacksmith since 2016 and partnered with founder Paul Wietecha to expand the product suite prior to the sale; the acquisition expands TELUS’s capabilities in CPG-focused analytics and planning software.