Xerox Holdings Corporation Acquires ITsavvy from GenNx360 for $400M
October 18, 2024
Xerox Holdings Corporation acquired Oak Brook, Illinois–based ITsavvy LLC, a managed services and IT infrastructure solutions provider, from GenNx360 Capital Partners for $400 million. The transaction, announced/closed in Q4 2024 (press release dated Nov. 22, 2024), furthers Xerox's strategic expansion into IT services and is expected to accelerate growth across the U.S., Canada and the U.K.
- Buyers
- Xerox Holdings Corporation
- Targets
- ITsavvy LLC
- Sellers
- GenNx360 Capital Partners
- Industry
- IT Services
- Location
- Illinois, United States
- Transaction Type
- Buyout
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