Recent IT Services Acquisitions

Acquisition Volume in IT Services by Year

Last 5 years

Acquisition volume by year Annual acquisition counts for the last 5 years for Recent IT Services Acquisitions. 435 2022 328 2023 403 2024 349 2025 ~616 est. 140 2026
Actual Full-year estimate

This page highlights recent acquisitions and investments shaping the IT Services sector, from managed services rollups to strategic tuck‑ins that expand cloud, security, and industry‑specific capabilities. Transactions range from strategic buyers like Ricoh and Armanino to private equity and platform investors such as AEA Investors and AYCE Capital.

Common themes across these deals include scaling multi‑cloud engineering and hyperscaler relationships (for example, Sela’s combination with 2bcloud), consolidating managed services footprints (for example, Net at Work acquiring OnPar Technologies), and adding specialized ERP, HRIS, and process automation capabilities (for example, Innovia Consulting and Ricoh transactions). Several deals also emphasize cybersecurity, compliance, and AI-enabled services as part of platform growth.

What Stands Out

  • Cloud engineering and hyperscaler partnerships are a clear focus (for example, Sela + 2bcloud, creating a multi‑cloud engineering platform with more than 500 cloud engineers).
  • Managed services consolidation and platform scale: transactions expand regional footprints and delivery capacity (examples: Net at Work acquires OnPar Technologies; AEA Investors invests in Magna5).
  • Security, compliance, and AI/data capabilities are being added or prioritized in deals (for example, Myriad360 + Advizex Technologies; Magna5 growth plan includes cybersecurity and AI‑enabled capabilities).
  • Industry and application specialization — Microsoft/Dynamics, ERP/vertical solutions, and HR/Workday integrations — are common strategic targets (examples: Innovia Consulting with 365Vertical/365 Cannabis, HR Path with Lumi).
  • Geographic breadth: recent deals span the United States (multiple states), Canada (Alberta, Ontario), Israel, Chile, and the UK.
  • Buyer
    Radiant Vision Systems, Konica Minolta Sensing Americas
    Target
    Radiant Vision Systems, Konica Minolta Sensing Americas, Radiant Korea, Instrument Systems, Specim, Eines, Konica Minolta Sensing Korea
    Industry
    IT Services
    Type
    Buyout

    Radiant Vision Systems will merge with its sister company, Konica Minolta Sensing Americas, to form a new company named Konica Minolta Sensing Americas (KMSA). The integration is scheduled to take place on April 1, 2026 and will combine sensing and measurement product portfolios (including Radiant, Instrument Systems, Specim, and Eines) to provide customers solutions from a single source.

  • Buyer
    Astro Pak, The Stephens Group
    Target
    Clean Sciences, LLC
    Industry
    IT Services
    Location
    United States
    Type
    Addon

    Astro Pak acquired Clean Sciences, LLC, a precision cleaning services company specializing in ultrasonic cleaning, high-purity solvent/detergent processes, chemical etching, and hot RO/DI water rinsing. The deal expands Astro Pak’s cleanroom footprint—particularly in Northern California—and strengthens its capabilities serving semiconductor and defense markets under The Stephens Group’s ownership.

  • Buyer
    Arctiq
    Target
    Shadow-Soft
    Industry
    IT Services
    Type
    Buyout

    Arctiq announced it has acquired Shadow-Soft, an Atlanta-based technology services firm specializing in observability, automation, and modern platform operations. The deal is intended to strengthen Arctiq’s engineering capabilities and accelerate delivery of intelligent operations across complex digital environments.

  • Buyer
    Aurora Energy Research
    Target
    EDC Associates Ltd.
    Industry
    IT Services
    Location
    Alberta, Canada
    Type
    Buyout

    Aurora Energy Research has announced it is acquiring EDC Associates Ltd., a specialist consultancy with deep expertise in Alberta’s power market. The deal is intended to strengthen Aurora’s local market coverage ahead of Alberta’s Restructured Energy Market (REM) transition and to enhance the analytics Aurora can deliver to clients.

  • Buyer
    AttivoERP
    Target
    Acuity Consulting Group LLC
    Seller
    Joe Timmins (founder and former owner of Acuity)
    Industry
    IT Services
    Type
    Addon

    AttivoERP, a value-added reseller focused on ERP solutions, announced the acquisition of Acuity Consulting Group LLC, an ERP advisory and operational consulting firm. The deal is intended to expand AttivoERP’s capabilities and provide Acuity’s clients with access to AttivoERP’s resources while preserving Acuity’s legacy and team.

  • Buyer
    Agero
    Target
    Urgently (Urgent.ly)
    Industry
    IT Services
    Location
    United States
    Type
    Buyout

    Roadside and mobility assistance technology provider Urgently (Urgent.ly) has agreed to be acquired by Agero for $5.50 per share in cash. The deal will be implemented via a tender offer followed by a merger, with expected closing by the end of May 2026, subject to customary conditions.

  • Buyer
    FOSS Group, N. Foss & Co. A/S
    Target
    Wasatch Photonics
    Industry
    IT Services
    Location
    United States
    Type
    Buyout

    FOSS announced that it has acquired North American spectrometer specialist Wasatch Photonics in a deal valued at just under DKK 250 million (about $39 million). Wasatch Photonics will join the FOSS Photonics portfolio, with the businesses continuing to operate independently while benefiting from FOSS’s resources and strategic direction.

  • Buyer
    Sphere 3D
    Target
    Cathedra Bitcoin Inc.
    Industry
    IT Services
    Location
    Canada
    Type
    Buyout

    Sphere 3D entered into a definitive agreement to acquire Cathedra Bitcoin Inc. in an all-stock transaction. The combined company will focus on high-density computing infrastructure, digital assets, and energy optimization, integrating Sphere’s bitcoin mining fleet with Cathedra’s power and data center development capabilities.

  • Buyer
    Burlington Capital Partners, RF Investment Partners
    Target
    RS Boes Holdings
    Seller
    Robert Boes, Stephanie Boes
    Industry
    IT Services
    Location
    United States
    Type
    Addon

    Burlington Capital Partners and RF Investment Partners acquired RS Boes Holdings, a multi-territory Precision Garage Door Service (PDS) franchisee operating across four states. Boxwood Partners advised the seller, RS Boes Holdings, led by Robert and Stephanie Boes.

  • Buyer
    EchoStor Technologies
    Target
    Pennant Networks
    Industry
    IT Services
    Type
    Buyout

    EchoStor Technologies announced it has acquired Pennant Networks, a life sciences-focused technology consulting and managed services firm. The deal strengthens EchoStor’s managed services capabilities and expands its presence in highly regulated life sciences IT markets, with Pennant continuing to operate through its existing teams and service model.

  • Buyer
    ISPN, Align Capital Partners (ACP)
    Target
    ZCorum
    Seller
    Julie Compann (former CEO of ZCorum; named in succession context)
    Industry
    IT Services
    Type
    Addon

    ISPN, a managed services provider focused on broadband operators, completed its acquisition of ZCorum, a provider of broadband diagnostics and managed services. The deal expands ISPN’s capabilities across cable and fiber networks, adding offerings such as managed cybersecurity, hosted VoIP, and IPTV to better support rural and underserved internet service providers.

  • Buyer
    Propy
    Target
    Boss Law (title division)
    Seller
    Christopher Boss (owner of Boss Law)
    Industry
    IT Services
    Location
    United States
    Type
    Addon

    Propy announced the multimillion acquisition of Boss Law’s title division, expanding Propy’s AI-led real estate transaction roll-up into Florida’s institutional REIT and high-volume wholesale investor market. The deal brings Boss Law’s St. Petersburg and Seminole offices under the Propy Title banner and adds major institutional clients to Propy’s platform.

  • Buyer
    RadiusDC
    Target
    phoenixNAP's Phoenix data center and colocation business
    Seller
    phoenixNAP
    Industry
    IT Services
    Type
    Buyout

    RadiusDC has entered into a definitive agreement to acquire phoenixNAP's Phoenix data center and colocation business in Phoenix, Arizona. The transaction is expected to close in Q2 2026 and includes the existing Phoenix colocation facility, interconnection infrastructure, and development rights for future campus expansion to create RadiusDC's Phoenix I campus.

  • Buyer
    Pye-Barker Fire & Safety
    Target
    Priority One Security
    Seller
    William Francis, Sr. (president and owner of Priority One Security)
    Industry
    IT Services
    Type
    Addon

    Pye-Barker Fire & Safety acquired Priority One Security, a full-service smart security integrator with offices in South Carolina and Tennessee. The deal adds more than 80 team members and expands Pye-Barker’s Southeast operations with four additional locations.

  • Buyer
    Motorola Solutions
    Target
    Exacom
    Industry
    IT Services
    Type
    Buyout

    Motorola Solutions has acquired Exacom, a Manchester, New Hampshire-based provider of cloud-native recording and logging solutions for mission-critical public safety communications. The acquisition is intended to expand Motorola Solutions’ ability to consolidate and analyze critical communications data, integrating Exacom into its Assist Suites and Digital Evidence Management System.

  • Buyer
    Eaton
    Target
    Boyd Thermal (thermal management business of Boyd Corporation)
    Seller
    Boyd Corporation, Goldman Sachs Asset Management
    Industry
    IT Services
    Location
    United States
    Type
    Buyout

    Eaton announced it has completed (and previously agreed) to acquire the Boyd Thermal business from Boyd Corporation, with the Thermal business sold from Goldman Sachs Asset Management. The transaction strengthens Eaton’s data center “grid-to-chip” power and liquid-cooling infrastructure offering and is expected to be accretive to adjusted earnings in year two after closing.

  • Buyer
    FFL Partners, Pioneer HOA
    Target
    Western-focused full-service HOA property management company (name not disclosed)
    Industry
    IT Services
    Type
    Addon

    FFL Partners launched Pioneer HOA, a new holding platform intended to consolidate and scale homeowners association (HOA) property management companies across the United States. The platform will support acquired regional HOA management firms with technology-driven tools, operational support, and AI-enabled capabilities, while allowing them to maintain local brands.

  • Buyer
    Argano
    Target
    Denovo Ventures, LLC
    Industry
    IT Services
    Type
    Buyout

    Argano, a global specialist consultancy focused on high-performance business operations, announced it acquired Denovo Ventures, LLC, an Oracle ERP infrastructure and managed services provider. The transaction expands Argano’s JD Edwards and Oracle Cloud capabilities, particularly around OCI migration, hosting, and long-term managed support.

  • Buyer
    Pape-Dawson
    Target
    BHC
    Industry
    IT Services
    Type
    Buyout

    Pape-Dawson acquired BHC, a national engineering and surveying firm headquartered in Overland Park, Kansas, to establish and anchor its new Midwest Region in Kansas City. The deal expands Pape-Dawson’s multidisciplinary engineering and consulting capabilities by combining Pape-Dawson’s services with BHC’s telecommunications, public works, development, surveying, construction services, and landscape architecture expertise.

  • Buyer
    TalkCounsel
    Target
    LegalSafe
    Industry
    IT Services
    Location
    United States
    Type
    Buyout

    TalkCounsel, an on-demand legal marketplace, acquired LegalSafe, an automated legal risk assessment platform for small businesses. The integration embeds LegalSafe’s five-minute compliance and legal risk assessments (including AI-related compliance readiness) into TalkCounsel’s attorney network and service workflow.

  • Buyer
    Capgemini
    Target
    Piterion
    Industry
    IT Services
    Location
    Baden-Württemberg, Germany
    Type
    Buyout

    Capgemini has signed an agreement to acquire Piterion, an independent specialist in product lifecycle management (PLM) and manufacturing operations management (MOM). The deal is expected to expand Capgemini’s global PLM practice and industrial digitalization capabilities, including agent-based solutions and AI-driven analytics.

  • Buyer
    Sage IT
    Target
    AppsTek Corp
    Industry
    IT Services
    Type
    Buyout

    AppsTek Corp, a Dallas-headquartered digital engineering services firm, announced it has been acquired by Sage IT, a global technology services organization focused on AI-driven digital transformation and enterprise modernization. The deal combines Sage IT’s AI-led transformation and data modernization capabilities with AppsTek’s digital engineering services, ERP implementations, and managed services. AppsTek will operate as a separate entity under the Sage IT umbrella, retaining its brand and leadership.

  • Buyer
    Accenture
    Target
    Verum Partners
    Industry
    IT Services
    Location
    Brazil
    Type
    Buyout

    Accenture has agreed to acquire Verum Partners, an infrastructure and capital projects management firm, to expand its Infrastructure & Capital Projects practice in Latin America. The deal combines Accenture’s digital and advanced AI capabilities with Verum Partners’ on-site execution leadership to help clients improve predictability and reduce risk across complex industrial infrastructure megaprojects.

  • Buyer
    B/CORE, NewSpring Holdings
    Target
    Fuel Consulting
    Seller
    Heidi Gerhards (Founder, Fuel Consulting)
    Industry
    IT Services
    Type
    Addon

    B/CORE announced it has acquired Fuel Consulting to strengthen its ability to turn emerging technologies into operational capabilities for the U.S. Intelligence Community and Department of War. Fuel Consulting brings nearly two decades of mission expertise and advisory capabilities in organizational transformation, governance frameworks, and technology integration.

  • Buyer
    HighPoint
    Target
    CloudView Partners
    Industry
    IT Services
    Type
    Addon

    HighPoint, a provider of modern networking and cybersecurity solutions, announced it has acquired CloudView Partners, a specialized cloud consulting firm. The acquisition is intended to expand HighPoint’s hybrid-cloud and platform engineering capabilities by integrating CloudView’s cloud migration, modernization, managed services, and automation expertise across Azure/Microsoft 365/Power Platform and AWS.

  • Buyer
    Semtech Corporation
    Target
    HieFo Corporation
    Industry
    IT Services
    Type
    Buyout

    Semtech Corporation acquired HieFo Corporation, a California-based manufacturer of high-efficiency indium phosphide (InP) optoelectronic devices used in optical transceivers for data center connectivity. The acquisition strengthens Semtech’s semiconductor chipset portfolio and enables tighter integration of HieFo’s lasers and gain chips with Semtech’s transimpedance amplifiers and laser driver solutions to support next-generation 1.6T and 3.2T data center architectures.

  • Buyer
    Alchemy Technology Group
    Target
    Enterprise Computing Solutions, Inc. (ECS)
    Industry
    IT Services
    Type
    Buyout

    Alchemy Technology Group, backed by Avance Investment Management, acquired Enterprise Computing Solutions (ECS), a Southern California provider of edge computing, cloud, and security solutions. The deal expands Alchemy’s West Coast footprint and strengthens its ability to deliver integrated advisory and managed infrastructure services for secure, high-performance connectivity across hybrid and distributed environments.

  • Buyer
    Yellow Stripes Capital
    Target
    NoblQ
    Seller
    Caldwell Velnambi, Nepoleon Duraisamy
    Industry
    IT Services
    Type
    Buyout

    Yellow Stripes Capital (YSC) has acquired a majority stake in NoblQ, a global digital transformation and IT services provider. The investment is intended to accelerate NoblQ’s AI-enabled enterprise modernization strategy, expand delivery operations across North America, Europe, and Asia, and grow its digital engineering and enterprise modernization practices.

  • Buyer
    Faye
    Target
    CRM Science
    Industry
    IT Services
    Location
    United States
    Type
    Buyout

    Faye, a software strategy and Salesforce services consultancy, announced its acquisition of CRM Science, an award-winning Salesforce and Agentforce partner. The deal is intended to expand Faye’s Salesforce capabilities and strengthen its AI automation offerings for mid-market and enterprise clients. All CRM Science clients and team members are expected to join Faye, and the combined organization will broaden cross-platform integration expertise across Salesforce and other enterprise platforms.

  • Buyer
    RB Global, Inc.
    Target
    Big Iron Auction Company
    Industry
    IT Services
    Location
    United States
    Type
    Buyout

    RB Global entered into a definitive agreement to acquire BigIron Auction Company (BigIron), aiming to accelerate RB Global’s strategic expansion into U.S. agriculture. BigIron operates an agriculture-focused online marketplace connecting buyers and sellers of farm equipment, land, livestock, and other rural assets, and is expected to continue operating as a stand-alone brand within RB Global.

  • Buyer
    Highstreet IT Solutions
    Target
    Graviton Consulting Services
    Industry
    IT Services
    Type
    Addon

    Highstreet IT Solutions, a CIVC Partners portfolio company, announced the acquisition of Graviton Consulting Services, a public-sector-focused Oracle Cloud and ERP transformation and advisory services provider. The deal is intended to strengthen Highstreet’s public-sector capabilities and expand its strategic innovation platform, while preserving Graviton’s delivery leadership and client continuity.

  • Buyer
    Enverus
    Target
    Spatial Business Systems (SBS)
    Seller
    An affiliate of Peak Rock Capital (Peak Rock Capital affiliate)
    Industry
    IT Services
    Type
    Buyout

    Enverus entered into a definitive agreement to acquire Spatial Business Systems (SBS), an AI-enabled intelligent design automation platform for electric and gas utilities and related infrastructure markets. The deal is expected to close in Q2 2026, subject to customary closing conditions and regulatory approvals.

  • Buyer
    CapNexus
    Target
    Makira
    Seller
    Andrew Miller
    Industry
    IT Services
    Type
    Addon

    CapNexus launched as a new enterprise and retail technology consulting and managed services company, formed by combining Capstone Integrated Solutions, RPE Solutions, and acquiring retail implementation and integration firm Makira. The acquisition is intended to strengthen CapNexus’ retail execution capabilities while expanding cloud, AI, AWS consulting, and managed services offerings.

  • Buyer
    Pye-Barker Fire & Safety
    Target
    Access Security Controls International, Inc. dba ASCI Security
    Seller
    Chuck White (ASCI Security co-owner), Gregg Miller (ASCI Security co-owner)
    Industry
    IT Services
    Location
    United States
    Type
    Buyout

    Pye-Barker Fire & Safety acquired Access Security Controls International, Inc. dba ASCI Security. The acquisition expands Pye-Barker’s presence in Southern California and the Southwest by integrating fire alarm and security services into its life safety offerings.

  • Buyer
    Arrive
    Target
    Passport
    Industry
    IT Services
    Type
    Buyout

    Arrive, a global urban mobility platform, announced its intention to acquire Passport, a provider of parking compliance and curbside payment/enforcement technology used by more than 800 cities and private operators across North America. The planned deal would unify Passport’s enforcement, paid parking, and payment infrastructure into Arrive’s mobility management ecosystem to support cities’ transition toward autonomous-ready mobility.

  • Buyer
    Virtual Technologies Group (VTG)
    Target
    Vector Tech Group
    Industry
    IT Services
    Type
    Addon

    Virtual Technologies Group (VTG), an IT, security, and cloud services firm backed by Jacmel Partners, acquired Vector Tech Group (Vector Tech). Vector Tech will continue operating as a subsidiary of VTG while serving its existing customers and employees. The deal expands VTG’s Midwest footprint and broadens its IT infrastructure, cybersecurity, cloud hosting, and managed services offerings.

  • Buyer
    AppsAnywhere, LabStats
    Target
    AppsAnywhere, LabStats
    Industry
    IT Services
    Type
    Buyout

    AppsAnywhere and LabStats announced an official merger, creating a unified organization focused on providing higher education institutions a holistic view of the end-user IT experience. The combined platform integrates lab utilization and device/software usage insights (LabStats) with centralized, scalable application delivery (AppsAnywhere), while appointing Peter Cooke as President to lead product convergence and global growth.

  • Buyer
    Blue Fire Equity
    Target
    Jovian Concepts
    Industry
    IT Services

    Blue Fire Equity, a Washington, D.C.-based investment firm focused on defense and government technology, announced a strategic investment in Jovian Concepts. Jovian Concepts is a Maryland-based intelligence and engineering services provider supporting the U.S. defense and intelligence community, with capabilities across systems engineering, software development, SIGINT systems, and data privacy/legal compliance.

  • Buyer
    Ares Management, Leonard Green & Partners, Vintage Strategies (Goldman Sachs Alternatives), Harvest Partners
    Target
    Convergint Technologies
    Industry
    IT Services

    Ares Management has closed an $850 million single-asset continuation vehicle for Convergint Technologies, extending its long-running investment in the global, technology-enabled security and safety solutions systems integrator. Leonard Green & Partners led and fully underwrote the Sage Fund continuation vehicle, while Ares also made a substantial new investment, maintaining shared control alongside existing co-sponsors.

  • Buyer
    dormakaba
    Target
    any2any GmbH
    Industry
    IT Services
    Location
    Germany
    Type
    Buyout

    dormakaba, the Swiss access control provider, has completed its acquisition of any2any GmbH, a Munich-based software platform company specializing in mobile wallet credentials for access control. The deal expands dormakaba’s prior minority stake to full ownership and is intended to strengthen its mobile credential capabilities and ensure access control solutions are ready for mobile-first use cases.

  • Buyer
    Accenture
    Target
    Ziff Davis Connectivity division (Ookla, Speedtest, Ekahau, Downdetector, RootMetrics)
    Seller
    Ziff Davis, Inc.
    Industry
    IT Services

    Ziff Davis has entered into a definitive agreement to sell its Connectivity division to Accenture for $1.2 billion in cash. The deal is expected to close in the coming months, subject to regulatory approvals and other closing conditions.

  • Buyer
    FUJIFILM Business Innovation
    Target
    ETG Global Information Technology Services Inc., ETG US., Inc., ETG Consulting Inc.
    Industry
    IT Services
    Location
    Turkey
    Type
    Buyout

    FUJIFILM Business Innovation has entered into a share transfer agreement to acquire ETG Global Information Technology Services Inc., including ETG US., Inc. and ETG Consulting Inc. The deal is intended to strengthen FUJIFILM’s IT talent base and accelerate its ERP system sales and implementation support business worldwide.

  • Buyer
    LER TechForce
    Target
    Siemens Altair Resource Solution division
    Seller
    Siemens Altair business unit
    Industry
    IT Services
    Type
    Buyout

    LER TechForce completed its previously announced acquisition of the Resource Solution division from Siemens Altair. The deal transfers customer contracts and the professionals supporting the division, expanding LER TechForce’s engineering workforce innovation and resource support services for organizations driving engineering and digital transformation initiatives.

  • Buyer
    IFS
    Target
    Softeon
    Industry
    IT Services
    Type
    Buyout

    IFS completed its acquisition of Softeon, combining IFS Industrial AI capabilities with Softeon’s 20+ years of tier-1 warehouse management software expertise. The resulting business, branded IFS Softeon, is positioned as an end-to-end supply chain intelligence platform that unifies visibility from executive decision-making to warehouse execution.

  • Buyer
    ECI Software Solutions, Inc.
    Target
    Drypowder
    Industry
    IT Services
    Location
    United States
    Type
    Buyout

    ECI Software Solutions acquired Drypowder, a fintech focused on modernizing accounts receivable, billing, and digital payments for the building materials and construction industries. The deal is intended to embed AI-driven, invoice-to-cash workflows and digital payment experiences directly into ECI’s industry-specific ERP platforms.

  • February 27, 2026
    Buyer
    TLM
    Target
    SimplyPHP
    Industry
    IT Services
    Location
    Canada
    Type
    Buyout

    SimplyPHP, a Canadian provider of senior PHP development and staff augmentation services, was acquired by TLM, a Canadian technology product development company. The companies will continue to operate independently, with SimplyPHP’s management team and employees remaining in place, and Bhaskor Guha appointed CEO of SimplyPHP.

  • Buyer
    Robo.ai
    Target
    Chinasky Car Trading FZE
    Seller
    Canadian Jiacheng Group
    Industry
    IT Services
    Location
    United Arab Emirates
    Type
    Buyout

    Robo.ai entered into a definitive share purchase agreement to acquire a 51% equity interest in Chinasky Car Trading FZE (CCT), a Dubai-based automotive import/export trading company in the Jebel Ali Free Zone. The deal is intended to turn CCT’s established trade network into a central global distribution hub for Robo.ai’s intelligent hardware and smart-asset commercialization plans.

  • Buyer
    ERT, Macquarie Capital
    Target
    Sev1Tech
    Seller
    DFW Capital Partners, Bob Lohfeld (founder rollover)
    Industry
    IT Services
    Location
    United States
    Type
    Buyout

    ERT, a Macquarie Capital-backed digital engineering and mission services company, acquired Sev1Tech, a digital modernization and IT transformation provider serving U.S. space, defense, and national security initiatives. The acquisition is intended to expand ERT’s secure, mission-aligned digital engineering and IT modernization capabilities for government customers while integrating Sev1Tech’s IT modernization and cyber resilience expertise.

  • February 26, 2026
    Buyer
    CargoSprint
    Target
    Dray Dog
    Industry
    IT Services
    Location
    United States
    Type
    Addon

    CargoSprint, a Lone View Capital portfolio company, announced it has acquired Dray Dog, a port drayage software platform for appointment planning and drayage capacity management. The acquisition is intended to deepen CargoSprint’s marine port capabilities and improve efficiency and cost outcomes for drayage operators and the broader port community.

  • Buyer
    Nexus IT
    Target
    Damon Technology Solutions (DamonTeK)
    Seller
    Ken Staker (CEO of DamonTeK), DamonTeK team (unspecified parties)
    Industry
    IT Services
    Type
    Buyout

    Nexus IT has completed its acquisition of Damon Technology Solutions (DamonTeK), a Phoenix-based managed IT services provider. The deal expands Nexus IT’s national platform and enhances its capabilities in regulated industries such as healthcare and finance through integration of DamonTeK’s team and clients.

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Frequently Asked Questions

What types of buyers are active in IT services deals?

A mix of strategic acquirers, private equity and platform investors are active. Examples include strategic firms such as Ricoh and Armanino, private equity or investor groups like AEA Investors and AYCE Capital, and growing platform buyers such as Myriad360 and Net at Work.

Which capabilities are acquirers prioritizing?

Buyers are prioritizing cloud engineering and hyperscaler relationships, managed services scale, cybersecurity and compliance, AI/data capabilities, and industry‑specific applications (Microsoft/Dynamics, ERP, HRIS/Workday). Recent deals that reflect these priorities include Sela + 2bcloud, Myriad360 + Advizex Technologies, and Innovia Consulting acquiring 365Vertical.

Where are recent IT services transactions occurring?

Transactions in the recent sample span North America (multiple U.S. states, Alberta and Ontario in Canada), Israel, Chile and the UK. Recent locations called out include Virginia, Ohio, North Carolina, Utah, Alberta, Ontario, Santiago (Chile) and Israel.

How do these deals typically affect customers and delivery?

Acquisitions generally aim to broaden technical capabilities and geographic reach while preserving service continuity. For example, Net at Work integrated OnPar Technologies to expand managed services while maintaining client support, and ERT’s acquisition of Sev1Tech keeps existing government contracts in place as capabilities are combined.

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