Saalex Corporation Acquires Netsimco
March 15, 2022
Saalex Corporation has acquired Middletown, Rhode Island-based IT services provider Netsimco, a $30 million company, to broaden Saalex's capabilities in aerospace and Department of Defense markets. Netsimco will become a wholly owned subsidiary, its leadership will remain in place and employees will be eligible for Saalex's employee-ownership plan; the deal increases Saalex's revenue run-rate to approximately $100 million.
- Buyers
- Saalex Corporation
- Targets
- Netsimco
- Industry
- IT Services
- Location
- Rhode Island, United States
- Transaction Type
- Buyout
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