ProVelocity and IronEdge (The Riverside Company) Acquire LANstar
August 31, 2023
ProVelocity and IronEdge, a Riverside portfolio company, completed the acquisition of LANstar, LLC, a Mesa, Arizona-based managed IT services provider, in an add-on transaction that closed July 20, 2023. The deal expands ProVelocity and IronEdge’s footprint into Arizona and enhances their managed IT, VoIP and low-voltage/cabling capabilities while providing an exit pathway for LANstar founders Joel and July Ray.
- Buyers
- ProVelocity, IronEdge, The Riverside Company
- Targets
- LANstar, LLC
- Sellers
- LANstar founders (Joel Ray and July Ray)
- Platforms
- ProVelocity, IronEdge
- Industry
- IT Services
- Location
- Arizona, United States
- Transaction Type
- Addon
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