IT Services Acquisitions

Naviant acquired Amitech Solutions to expand its intelligent automation capabilities, particularly in healthcare-focused automation, AI, and data analytics. Amitech Solutions, headquartered in St. Louis, Missouri, will integrate its team and solutions with Naviant to enhance offerings for customers and accelerate agentic automation adoption.

Beacon Communications LLC acquired All State Communications, a Minnesota-based provider of advanced technology, communications, and security solutions. The deal expands Beacon’s footprint across the Upper Midwest and strengthens its ability to serve healthcare, government, education, and commercial customers with critical communications and life safety systems.

WNS (Holdings) Limited announced it has acquired Kipi.ai to expand its data, analytics, and AI capabilities, particularly around the Snowflake platform. Kipi.ai, headquartered in Houston, Texas, provides data modernization services spanning data engineering, advanced analytics, and data science, and the deal is expected to help accelerate WNS’ Analytics and AI practice across industries.

Harvest Partners completed the sale of Service Express, a provider of third-party post-warranty data center maintenance and managed services, to Warburg Pincus. Service Express’ management team, led by CEO Ron Alvesteffer, will continue to lead the company following the transaction.

New Charter Technologies, a portfolio company of private equity firm Oval Partners, announced the addition of Dynamic Edge to its platform. Dynamic Edge is a managed services provider headquartered in Ann Arbor, Michigan, and the combination is intended to expand New Charter’s service capabilities and broaden its nationwide reach.

Fort Point Capital, a Boston-based private equity firm, has acquired NewBold Corporation, a managed technology services provider supporting POS, AIDC, and payment device product lines. NewBold is headquartered in Greenville, South Carolina and serves customers across quick service restaurant, retail, warehousing, and healthcare end markets. Old Second National Bank and Brookside Mezzanine provided debt financing for the transaction.

Nobl Q, a Dallas, Texas-based AI- and cloud-based solutions provider, acquired Propel, a software development company focused on advanced technology solutions. The deal value was not disclosed. Nobl Q expects the acquisition to expand its reach across multiple verticals by combining the two teams’ capabilities.

ScanSource, Inc. acquired Resourcive, a technology advisor that delivers strategic IT sourcing and implementation solutions for mid-market and enterprise clients. The acquisition closed on August 8, 2024, and will support the creation of ScanSource’s new Channel Advisory business; financial terms were not disclosed. Resourcive was founded in 2001 and is headquartered in Pelham, New York.

ASEC Family of Companies (ASEC) has been acquired by Markon Solutions, a portfolio company of Sterling Partners. Stout served as ASEC’s exclusive financial advisor on the transaction. The combination is intended to expand and enhance technical and consulting support for U.S. Government and Intelligence Community missions.

Pinnacle Technology Solutions (PTS) has completed the acquisition of QCM Technologies, a Scottsdale, Arizona-based technology solutions provider. The deal expands PTS’s capabilities in managed services, storage, networking, virtualization, and data center solutions and strengthens its ability to deliver scalable and secure IT solutions.

SRM (Strategic Resource Management), a Memphis, Tennessee-based financial services consultancy, acquired Kenneth J. Sole & Associates, a Holbrook, New York-based banking IT consulting firm. The acquisition expands SRM’s service suite to include core systems optimization and conversion support for banks and credit unions. Kenneth J. Sole will lead SRM’s implementation services business and delivery model architecture as the team is fully integrated into SRM.

IT Solutions Consulting, a managed service provider (MSP), announced the acquisition of Steady Networks, an outsourced IT management provider for SMBs headquartered in Santa Fe and Albuquerque, New Mexico. The deal is intended to expand IT Solutions’ capabilities and presence in New Mexico and the broader Southwest, including support for government contractors and legal and healthcare verticals. Financial terms were not disclosed.

Aliter Capital LLP provided additional funding to its portfolio company ITM Communications (ITM) to acquire Bates IT, an Essex-based provider of ICT support services to the NHS and broader healthcare sector. Bates IT will join the group within Aliter Capital II alongside ITM, supporting a buy-and-build strategy to expand critical network and ICT infrastructure services across the United Kingdom.

Funds advised by Elyan Partners acquired a majority stake in Stordata from the company’s founders and executives, who are reinvesting in the business. H.I.G. WhiteHorse Europe arranged a financing package to fund the acquisition and provide additional capital to support Stordata’s expansion via a buy-and-build strategy, with Caisse d'Epargne et de Prévoyance Hauts de France participating alongside.

American Express Global Business Travel (Amex GBT) agreed to acquire global business travel and meetings solutions provider CWT for $570 million, subject to regulatory approvals and customary closing conditions. The deal is intended to expand CWT customers’ access to Amex GBT’s travel, expense, and meetings software and services and is expected to generate approximately $155 million in synergies.

Intelligent Technical Solutions (ITS), a portfolio company of Tower Arch Capital, acquired Digital Seattle in partnership with founders Voiko and Vikki Tanev. The deal expands ITS’s managed IT services footprint and capabilities across the Pacific Northwest. Financing for the transaction was provided by Deerpath Capital, and terms were not disclosed.

Kicksaw, a Salesforce consulting practice, announced a strategic growth investment from Denver-based private equity firm Rallyday Partners. The partnership is intended to accelerate Kicksaw’s go-to-market efforts, expand its team of Salesforce experts, and broaden capabilities to deliver greater value to customers.

Summit, a virtual servers and cloud-based application hosting provider, acquired Deft (formerly ServerCentral), a managed data center services provider. The deal combines Deft’s data center and network services with Summit’s cloud hosting capabilities to expand footprint and IT solutions for clients. The transaction was advised by DH Capital and backed by continued investment from Silver Oak Services Partners, LLC.

Integris, a managed IT service provider backed by private equity firm Frontenac, acquired Tampa, Florida-based managed service provider Network People. The deal expands Integris’ footprint and service offerings in Florida as part of its ongoing acquisition-driven growth strategy. Financial terms were not disclosed.

Cyber Advisors, a portfolio company of Goldner Hawn, has acquired Innovative Technology Partners, a provider of personalized managed IT services. The deal strengthens Cyber Advisors’ ability to deliver comprehensive cybersecurity and managed IT solutions. Innovative Technology Partners is headquartered in Plymouth, Minnesota and was founded in 2002.

Evergreen Services Group announced the acquisition of Kraft Enterprise Systems (KES), an Oracle NetSuite implementation and consulting partner formerly a subsidiary of KraftCPAs PLLC. Following the transaction, KES will rebrand as KES Systems Solutions, LLC and operate independently within Evergreen’s ERP partner portfolio, Pine Services Group.

Godspeed Capital-backed Crimson Phoenix acquired TekMasters and Seaford Consulting, adding more than 120 highly cleared cyber and IT specialists. The acquisitions expand Crimson Phoenix’s capabilities and presence supporting U.S. Intelligence Community customers across software engineering, data science, business intelligence, and program management.

Corsica Technologies has acquired Hughes Systems Group for an undisclosed amount. The deal expands Corsica Technologies’ managed services capabilities to include B2B data integration alongside its existing IT infrastructure and cybersecurity offerings.

Accenture has completed its acquisition of OnProcess Technology, a provider of supply chain managed services focused on after-sales operations and reverse logistics. The deal expands Accenture’s supply chain delivery capabilities within Accenture Operations, adding OnProcess’s automation, AI, and data-led decision-making expertise to help clients improve operational efficiency, customer experience, and supply chain sustainability.

Cegeka Groep NV, through its wholly owned subsidiary Chicago Merger Sub, Inc., completed a tender offer to acquire Computer Task Group, Incorporated (CTG) for $10.50 per share in cash. Following the tender offer, Cegeka is merging Merger Sub into CTG, after which CTG will become a wholly owned subsidiary of Cegeka and CTG shares will be delisted from NASDAQ.

Insight Enterprises announced it has completed the acquisition of SADA, a leading cloud business and technology consultancy and six-time Google Cloud Partner of the Year. The deal strengthens Insight’s multicloud capabilities—especially in Google Cloud—and is intended to accelerate growth in Insight’s cloud services and solutions across cloud, data, AI, cybersecurity, and edge offerings.

Thrive, a provider of cybersecurity and digital transformation managed services, announced the acquisition of 4IT, a South Florida-based managed service provider headquartered in Miami, Florida. The deal expands Thrive’s presence in Florida and strengthens its cybersecurity, cloud, and managed IT services offering for organizations across the South Florida market.

Accenture has acquired Ocelot Consulting, a St. Louis-based cloud consultancy focused on full-stack development, data engineering, and cloud modernization. The acquisition expands Accenture’s AWS engineering capabilities in the Midwest and supports its Cloud First practice in helping North American clients accelerate cloud and AI-driven transformation. Financial terms were not disclosed.

Compugen Inc. signed a definitive purchase agreement to acquire Québec-based IT solution provider CPU Service d'ordinateur inc. and its wholly owned subsidiary C.P.U. Design Inc. (collectively, CPU). The deal expands Compugen’s capabilities and go-to-market offerings across infrastructure, service desk, security, and cloud, and CPU will operate under the retained brand as “CPU, a Compugen Group of Companies.”

Amplix, a portfolio company of Gemspring Capital, acquired substantially all of the assets of TNS Communications LLC (TNS). TNS is a New Hampshire-based provider of technology advisory services and software, and the acquisition expands Amplix’s technology advisory platform; financial terms were not disclosed.

Amplix, a portfolio company of Gemspring Capital, acquired substantially all of the assets of M.J.M. Enterprises, LLC (dba nQuery Communications). Miami, Florida-based nQuery provides technology advisory services and software across cloud-oriented offerings, including unified communications, connectivity, contact center, and IT/cybersecurity. Terms of the transaction were not disclosed.

Ekco, a European managed cloud and security services provider, has acquired Radius Technologies, a Waterford-based managed service provider focused on end-to-end IT services for small and medium-sized businesses. The deal expands Ekco’s regional presence in Ireland (including Waterford and Cork) and enables Radius customers to access Ekco’s broader cybersecurity capabilities, including its 24/7 Security Operations Centre in Dublin.

CenterGate Capital acquired Cartridge Technologies, LLC (CTI), a managed print services provider and prime contractor to the U.S. Federal Government, from Broadtree Partners’ portfolio. DC Advisory served as sell-side representative for CTI, and transaction terms were not disclosed.

UPSTACK acquired Network One Solutions, a technology advisory and consulting firm focused on cloud, communications, networking and security services. Network One Solutions is based in Laguna Niguel, California, and its Founder & CEO Michael Stevens will join UPSTACK as a Partner. Financial terms were not disclosed.

Docufree acquired Advanced Imaging Systems (AIS), including AIS's document and records management related assets. The deal expands Docufree’s enterprise information management and digital process services offering and broadens its customer base across sectors including education, government/law enforcement, healthcare, finance, and manufacturing.

Barcodes Group, through its subsidiary Smart Label Solutions (SLS), has acquired NeWave Sensor Solutions, LLC, an RFID technology innovator and inventor of the patented Wave antenna. The deal is Barcodes Group’s second acquisition of the year and is intended to strengthen its RFID capabilities and accelerate commercialization of NeWave’s patented technologies.

The Riverside Company has invested in LANstar, an outsourced managed IT service provider headquartered in Mesa, Arizona. The investment is an add-on to Riverside’s portfolio company ProVelocity and IronEdge, expanding the platform’s outsourced IT services footprint into Arizona and the greater Phoenix area.

Stratix Corporation, a U.S. provider of managed mobility services (MMS), has acquired fellow MMS provider Vox Mobile to accelerate strategic growth and enhance its service offerings. The deal adds Vox’s automation tools, endpoint management, help desk, and telecom expense management capabilities (including the Encompass platform), while expanding Stratix’s geographic reach with facilities in Ohio and resources based in Canada.

The Purple Guys completed the acquisitions of Advantex and Herrod Technology, two Texas-based managed IT service providers. The deals expand The Purple Guys’ presence in Texas, adding a strategic entry into Houston and increasing density and service capabilities across the broader Dallas metroplex. The Purple Guys’ M&A program is backed by its partnership with Kian Capital and ParkSouth Ventures.

Aretum, LLC acquired Artemis Consulting, Inc., a McLean, Virginia-based prime contractor providing IT technology and management services to federal and state government agencies. The acquisition expands Aretum’s capabilities in cloud enablement and enterprise modernization, including agile software development, DevOps, open-source development, and mobile application development. Aretum is a portfolio company of Renovus Capital Partners.

Hero Digital, a portfolio company of AEA Investors, has acquired Avionos, a digital technology consultancy focused on B2B commerce and marketing services across the Salesforce and Adobe ecosystems. The acquisition combines Hero Digital’s customer experience transformation capabilities with Avionos’ technical expertise in Adobe and Salesforce B2B commerce and marketing. Following the deal, Hero Digital is moving its headquarters to Chicago, where Avionos is based.

RCG Global Services announced the acquisition of Woodridge Software, a FinTech-focused software development firm based in Colorado. The deal expands RCG’s U.S. delivery capacity and strengthens its digital transformation capabilities for financial services clients, including banks and credit unions.

Sentar Inc., a cyber intelligence solutions and technology provider, acquired Waterfront Technical Services, a Huntsville-based contractor supporting NASA spaceflight missions. The acquisition expands Sentar’s reach into Civil Space, with Waterfront President Allan McCaleb becoming Sentar’s Director of Civil Space programs.

Aubrant, LLC acquired CDM Group, LLC (doing business as EPIC Software Development) in a transaction facilitated by Benchmark International. CDM provides custom software development and technology outsourcing services across industries including life sciences, FinTech, EdTech, and HealthTech, and will combine with Aubrant’s advisory, software, and connected infrastructure offerings.

Northstar Capital made an investment in Corporate Technologies, a portfolio company of Tonka Bay Equity Partners. Northstar provided debt and an equity co-investment to support Tonka Bay in financing the transaction involving the managed IT services and cloud solutions provider headquartered in Minneapolis, Minnesota.

Stone-Goff Partners made an investment in BigScoots, a managed hosting service provider focused on the WordPress ecosystem. The funding will support BigScoots’ accelerated growth through expanded service offerings, channel partnerships, team growth, operational automation, and pursuit of complementary M&A.

Rosewood Private Investments portfolio company General Informatics (GI) acquired Eministration, an IT management and consulting firm. The deal expands GI’s managed services presence and capabilities in Alabama and supports its strategy of growing its MSP platform through acquisitions across the Southeast United States.

Houlihan Lokey, Inc. has agreed to acquire 7 Mile Advisors (7MA), an independent investment banking advisory firm focused on the IT services sector. Signed on July 7, 2023, the deal is expected to close this quarter subject to regulatory approval and will expand Houlihan Lokey’s IT services coverage and geographic footprint, including adding an office presence in Charlotte, North Carolina.

Docufree, a provider of enterprise information management and digital business process services, acquired TrustFlow Digital Solutions. The acquisition expands Docufree’s digital mailroom and business process outsourcing capabilities, adding TrustFlow’s expertise in digitizing and automating regulated-industry workflows such as mailrooms, scanning/archiving, and outbound customer communications.

Caltius Structured Capital made a significant debt and equity investment in AspireHR, a human capital management (HCM) implementation, software, and managed services firm. The investment is intended to accelerate AspireHR’s growth and fund innovation in its software platform and service offerings.

Lovelytics, a data engineering and business intelligence consultancy, received a strategic investment from Databricks Ventures and Interlock Equity. The investment is intended to accelerate Lovelytics’ growth, expand its technical offerings across enterprise data environments, AI/LLMs, business intelligence, data science, and cloud infrastructure, while the leadership team retains significant ownership and continues to run the business.

F2 Strategy announced the acquisition of Oakbrook Solutions, a consulting and services provider focused on the wealth management industry. In conjunction with the acquisition, private equity firm Renovus Capital made a majority investment in F2 Strategy to support accelerated growth and expanded service offerings.

BlueAlly Technology Solutions, a portfolio company of Source Capital, has acquired Corporate Armor, a supplier of technology, security, and infrastructure products. The deal expands BlueAlly’s services and product offerings, adding Corporate Armor’s e-commerce and client service capabilities. ITX facilitated the transaction.

CDW Corporation announced it has acquired Enquizit, an AWS cloud services provider with experience designing, developing, and managing mission-critical applications, particularly for public sector customers. The acquisition expands CDW’s Public Sector Cloud Services capabilities and complements its Digital Velocity practice, adding Enquizit’s SkyMap AI-powered cloud migration accelerator. Financial terms were not disclosed.

Amplix, a portfolio company of Gemspring Capital, announced the acquisition of Corporate Accessories Group, LLC (CAG), a full-stack mobility solutions provider. CAG, headquartered in Belmont, Massachusetts, provides full lifecycle mobility management services including wireless plan management and spend optimization; financial terms were not disclosed. The deal expands Amplix’s technology advisory and software platform with enhanced mobility cost optimization capabilities.

AHEAD has acquired MBX Systems, an integrator of custom hardware systems and provider of logistics and supply chain orchestration software. The deal adds MBX’s proprietary Hatch platform and strengthens AHEAD’s edge and hyperscale infrastructure capabilities, including lifecycle, asset, and global logistics management for enterprise clients.

Publicis Groupe has acquired Corra, an Adobe Commerce partner and e-commerce services firm, with Corra set to become part of Publicis Sapient. The deal strengthens Publicis Sapient’s commerce solutions capabilities, including Adobe Commerce and MACH Alliance composable commerce offerings, and expands its digital and omnichannel commerce services.

3Cloud, a pure-play Microsoft Azure services firm, has acquired Brainspire Solutions to expand its application development and modernization capabilities on Azure. The deal adds Brainspire’s custom software development and agile delivery expertise, bringing 3Cloud to more than 730 full-time Azure experts.

424 Capital closed a significant investment in PTP, an AWS-focused IT managed services provider serving biotechnology and life sciences clients. The investment is intended to expand PTP’s capabilities and support growth into new geographies and markets. Canaccord Genuity advised PTP on the transaction.

Codex IT acquired EyeDeal Consulting, LLC, a professional services firm based in St Cloud, Minnesota. The deal is intended to expand and deepen Codex IT’s professional services division and enhance consulting and service delivery for healthcare organizations nationwide.

Sourcepass, an IT services and cybersecurity provider, has completed its eighth acquisition by acquiring machineLOGIC. The deal expands Sourcepass’ presence in the Western United States and adds service and account management talent to enhance client experience. machineLOGIC, based in Englewood, Colorado, is a managed IT services provider focused on cloud, security, automation, and related solutions for SMBs.

Meriplex announced the asset acquisition of Systems Solution, Inc. (SSI), a managed service provider delivering managed IT and cybersecurity services. SSI is headquartered in Wayne, Pennsylvania and supports small-to-mid-sized businesses across multiple industries, expanding Meriplex’s nationwide managed technology solutions footprint.

ZainTech, the digital solutions arm of Zain Group, announced the acquisition of Adfolks, a UAE-based cloud-native engineering firm. The deal expands ZainTech’s digital transformation and cloud transformation capabilities, adding Adfolks’ expertise in modern infrastructure, application modernization, security, data & ML, and automation.

SoftwareOne Holding AG has agreed to acquire Beniva Consulting Group Inc., a Calgary-based consultancy specializing in ServiceNow advisory, IT operations management (ITOM), and related cloud and application services. The deal is intended to strengthen SoftwareOne’s software and cloud services portfolio, adding deeper process automation and service management capabilities to its existing IT asset management offerings. Financial terms were not disclosed.

The Vistria Group announced a strategic partnership and investment in MGT Solutions, a Tampa-based tech-led managed services and consulting firm serving state, local, and education clients. Vistria will work with MGT’s management team to support organic growth initiatives including sales and marketing investment, product expansion, and new partner identification.

Applications Software Technology (AST) announced the acquisition of 9EDGE, an IT and Oracle services provider. The deal expands AST’s capabilities across the Oracle Cloud Application and Platform ecosystems and strengthens its global customer base and vertical expertise. 9EDGE’s managing partners will transition into vice president roles at AST to help grow the combined business.

Bell entered into an agreement to acquire FX Innovation, a Montréal, Québec-based provider of cloud-focused managed and professional services and workflow automation solutions. The deal is intended to accelerate digital transformation for Canadian businesses by combining FX Innovation’s multi-cloud and ServiceNow expertise with Bell’s national scale and network assets. FX Innovation is expected to continue operating independently under CEO and co-founder Guillaume Bazinet following close, subject to regulatory approvals.

Procensis, a mobility solutions provider headquartered in Warminster, Pennsylvania, was acquired by Barcoding, Inc. The deal strengthens Barcoding’s investment in enterprise mobility and managed services, adding Procensis’s capabilities in wearable/mobile computing, screen modernization, UI design, and warehouse management system integrations.

Class Technologies Inc. acquired CoSo Cloud LLC, a provider of secure private-cloud managed services, custom software applications, and professional services for Federal and corporate customers. CoSo will operate as a wholly owned subsidiary of Class, expanding Class’ capabilities in secure, compliant virtual training, eLearning, and high-consequence meetings. Financial terms were not disclosed.

Transparity Solutions Limited, backed by Beech Tree Private Equity, has acquired Microsoft-focused Data & AI specialist DataShapa. The deal expands Transparity’s capabilities across data strategy, business intelligence, analytics, and AI, with DataShapa becoming the specialist data practice within the combined group. The acquisition supports Transparity’s growth plans and strengthens its Microsoft Cloud services offering for enterprise customers.

HKW, a middle-market private equity firm, has made an investment in CMIT Solutions to help expand its capacity serving the hospitality industry. The funding will support scaling CMIT Solutions’ hospitality-focused IT managed services and cybersecurity capabilities, including increased operational efficiencies and enhanced service fulfillment.

Fresh Consulting acquired Oktara, a Costa Rica-based Latin American software company. The deal supports Fresh Consulting’s strategy to strengthen its software development capabilities and expand delivery talent and capacity in Latin America. ACT Capital Advisors served as M&A advisor to Fresh Consulting on the transaction.

Intelligent Technical Solutions (ITS), a portfolio company of Tower Arch Capital, acquired five managed service providers: Granite Computer Solutions, BrightWire Networks, Ox Power Computing Service, ProTechnical, and A Leap Ahead IT. The acquisitions expand ITS’s managed IT services footprint across the Western United States, with the companies’ founders partnering alongside ITS. Terms were not disclosed; Deerpath Capital provided financing.

Atturra, a Sydney-based technology services provider, agreed to acquire Sydney IT solutions provider Somerville Group for $15 million in cash plus 1,647,059 Atturra shares, with an additional earn-out of up to $2.6 million based on FY23–FY24 performance goals. Somerville provides enterprise managed services across cloud, connectivity, modern workplace, security, and hardware/software lifecycle management, with a strong footprint in Australia’s education sector. The deal is expected to complete by 31 March 2023, subject to conditions precedent.

Net at Work, a full-service technology and business consultancy, acquired Innovation ERP, a consulting firm specializing in Sage X3 and Sage 300. The deal expands Net at Work’s Sage ERP consulting capabilities and adds Innovation ERP’s team to Net at Work to provide continued support and access to broader digital solutions for clients.

Stratus Technology Services announced a new partnership and investment from New Heritage Capital, a Boston-based private equity firm. The investment was structured using New Heritage Capital’s “Private IPO” solution, allowing Stratus’ current management to retain operating control while providing capital to accelerate growth initiatives such as cloud implementations and migrations.

Pavion, a provider of integrated fire, safety, security, and critical communications solutions, acquired Netronix Integration, a security integration technology and services firm. The deal expands Pavion’s security technology capabilities (e.g., access control, video surveillance, intercom systems) and broadens service delivery across the southern and western United States and internationally. The acquisition is Pavion’s twelfth since its 2020 partnership with Wind Point Partners.

Cherokee Federal, the federal contracting division of Cherokee Nation Businesses, announced it has acquired Criterion Systems, a cybersecurity and IT services firm. Criterion, headquartered in Vienna, Virginia, supports mission-critical federal government environments and will expand Cherokee Federal’s cybersecurity and information technology services capabilities.

Core Technology, LLC, a national IT lifecycle management and field service solutions provider, announced a partnership with Mill Point Capital LLC. The investment is intended to support Core Technology’s continued growth, with Jeffrey Leventhal serving as Mill Point’s Executive Partner and expected to become Executive Chairman upon closing.

cBEYONData LLC has completed the acquisition of Summit2Sea Consulting, LLC, a provider of data analytics, robotic process automation, and enterprise application modernization services supporting major U.S. Department of Defense programs. The deal expands cBEYONData’s capabilities across federal financial and ERP platforms, with Summit2Sea’s senior leadership expected to remain with the combined company.

ITsavvy LLC, a GenNx360 Capital Partners portfolio company, acquired INOC LLC to strengthen its capabilities in outsourced Network Operations Center (NOC) support and NOC operations consulting. INOC, headquartered in Northbrook, Illinois, expands ITsavvy’s technical services footprint and supports its inorganic growth strategy in intelligent edge and multi-cloud infrastructure services.

Fresche Solutions acquired Silveredge Consulting to expand its IBM i (AS/400, iSeries) application support, ERP, and development capabilities. Backed by private equity firm American Pacific Group (APG), Fresche will integrate Silveredge as a business unit while Silveredge continues operating under its current name, strengthening Fresche’s global application services and managed services offering.

ThoughtFocus, Inc., a portfolio company of H.I.G. Capital, has acquired BreakFree Solutions, LLC. BreakFree is a Chicago-based digital consulting firm providing product development, cloud enablement, and DevOps services to enterprise and commercial clients in the financial services sector, expanding ThoughtFocus’ digital services capabilities and reach.

Columbia River Partners (CRP) announced an investment in Business Solution Partners (BSP), a New York-headquartered software development and IT services firm focused on financial automation and Oracle NetSuite and other SaaS ecosystem implementations. BSP will continue to be led by CEO David Smooha, and the partnership is intended to support organic growth and future acquisitions. Centerfield Capital Partners and Everside Capital Partners provided capital to support the transaction.

Bluewave Technology Group, LLC acquired Single Point Communications Group, LLC (operating under the SinglePoint Solutions brand), an IT consulting and advisory firm headquartered in Louisville, Kentucky. The deal expands Bluewave’s footprint in Louisville and adds scale to its national technology advisory services strategy alongside Columbia Capital; financial terms were not disclosed.

Encora, a product engineering services provider and portfolio company of Advent International and Warburg Pincus, acquired Excellarate, a digital transformation specialist focused on healthtech and fintech. Excellarate, headquartered in Wayne, Pennsylvania, was previously owned by Chicago-based private equity firm Frontenac.

Marlin Equity Partners acquired a majority stake in Cloud Technology Solutions Group (CTS & CloudM), which includes CTS (Google Cloud professional and managed services) and CloudM (Google Workspace/M365 migration and management software). Existing investor NorthEdge Capital will retain a minority share and continue supporting the business. The investment is intended to help scale CTS’s Google Cloud services presence in Europe/EMEA and continue developing CloudM’s software platform.

Integris, an IT managed service provider backed by Frontenac, announced it has acquired CalTech, a community-banking-focused MSP with offices in Texas and Kansas. The deal is intended to expand Integris’ national footprint and build a dedicated community banking IT services vertical, adding capabilities such as cybersecurity monitoring, business intelligence, and compliance consulting. Financial terms were not disclosed.

Rosewood Private Investments portfolio company General Informatics (GI) acquired VAZATA's Managed Services Division. VAZATA will continue operating its data center facilities, while the managed services business will become part of GI, expanding GI's presence in the Texas/Dallas market.

Gemspring Capital Management, LLC acquired a majority interest in Amplix, a provider of technology advisory services and software. Amplix was formed through the merger of ROI Communications, Blue Front Technology Group, and allConnex and is headquartered in Norwood, Massachusetts.

Ark Technology Companies acquired VerisVisalign, a full-service Microsoft Gold partner focused on Microsoft implementation, optimization, and licensing support. The deal was facilitated by ITX (a martinwolf M&A Advisors offering) and is intended to broaden Ark Technology’s Microsoft Cloud Partner and business/IT process optimization capabilities.

Thrive, a provider of cybersecurity and digital transformation managed services, has acquired Custard Technical Services, a U.K. IT support and managed services company. Based in Nottingham, England, Custard strengthens Thrive’s U.K. operations and expands access to managed cybersecurity, cloud services, and automation for Custard’s customers across the East Midlands and surrounding areas.

Cantey Tech Consulting, an IT managed service provider (MSP) based in Charleston, South Carolina, acquired Palindrome Consulting, a Hollywood, Florida-based provider of IT managed services. Palindrome’s team, including founder and President Ilan Sredni, joined Cantey Tech as part of the transaction. The acquisition expands Cantey Tech’s footprint into Florida and adds additional service capabilities and resources for Palindrome’s clients.

Incline Equity Partners, a Pittsburgh-based private equity firm, announced an investment in Icreon, a digital transformation agency serving enterprise and mid-market clients. Headquartered in New York, Icreon provides digital transformation services including strategy, product design, and back-end engineering, and plans to accelerate growth with Incline’s support.

CI&T (NYSE: CINT) has acquired NTERSOL Consulting LLC, a US-based digital transformation provider focused on the financial services sector. The deal expands CI&T’s North American operations and strengthens its BFSI capabilities. Canaccord Genuity served as exclusive financial advisor to NTERSOL on the transaction.

TELUS International, a subsidiary of TELUS Corporation, entered into a definitive agreement to acquire WillowTree, a digital product and software development provider, for an enterprise value of US$1.225 billion including assumed debt. The consideration includes cash and TELUS International subordinate voting shares, with certain management members reinvesting a portion, and the deal is expected to close in January 2023 subject to customary conditions. Majority stakeholder Insignia Capital Group will sell its stake in WillowTree as part of the transaction.

UPSTACK acquired NPG Solutions LLC, an independent technology and communications solutions advisor headquartered in New Albany, Ohio; financial terms were not disclosed. The deal marks UPSTACK’s 25th partner investment in the past two years, and NPG Solutions’ owners Bill Fuller and Bob Ray will join UPSTACK as Partners.

SilverEdge Government Solutions, backed by Godspeed Capital, announced a partnership to bring Counter Threat Solutions, LLC (CTS) into the SilverEdge platform. The affiliation adds CTS’s all-source and counterintelligence analysis, identity intelligence, enterprise IT/data management, and niche ServiceNow capabilities to SilverEdge’s technology and cybersecurity offerings for U.S. Intelligence Community customers. CTS will continue to operate under its current leadership as part of SilverEdge.

Integris, a national IT managed service provider, acquired Blue Jean Networks (Dallas/Fort Worth-based MSP) and Security7 Networks (Boston-area managed security services provider). The acquisitions expand Integris’ cybersecurity and compliance capabilities, including CMMC expertise, vCISO services, and broader security monitoring for SMB clients. Financial terms were not disclosed; Integris is building a national MSP platform in partnership with private equity firm Frontenac.

IT Solutions, a managed services provider, has acquired CHIPS Technology Group, a New York-based provider of IT support, cybersecurity, and compliance services. The deal expands IT Solutions’ managed IT and security services footprint into the Long Island and New York metro region and leverages CHIPS’ security and compliance expertise.