IT Services Acquisitions in Connecticut

Agellus Capital acquired CompassMSP and combined it with its prior acquisition, BlackPoint IT Services, to form a scaled, nationwide managed IT and cybersecurity (MSP/MSSP) platform operating as CompassMSP. The move expands the platform's geographic footprint and capabilities across the Eastern, Midwest, Pacific Northwest and Mountain regions and positions the combined business to accelerate platform M&A, invest in talent and broaden service offerings.

ReSource Pro has acquired Propellint, a technology services firm specializing in implementation and support for insurance platforms such as Insurity. The acquisition expands ReSource Pro’s core systems implementation, data migration and support capabilities to better serve carriers, MGAs and brokers; Morgan Partners served as sole financial advisor to ReSource Pro.

Netsurit, a New York–based managed service provider, has acquired U.S. Computer Connection (USCC), a Stamford, Connecticut MSP serving small and medium businesses across the Tri-State area. The deal expands Netsurit’s footprint in Connecticut, New York and New Jersey and strengthens its managed services and cybersecurity capabilities in the region.

UST has acquired the automation unit of Information Services Group (ISG) in an all-cash transaction valued at $27 million. The unit — a provider of intelligent automation, RPA implementation, support and licensing services with 120+ senior consultants across the US, UK, India, Canada and Germany — will bolster UST's intelligent automation capabilities and partner ecosystem.

NexusTek, a managed IT services provider based in Greenwood Village, Colorado, has acquired Enterprise Solutions Providers (ESP), a founder-led hospitality-focused technology provider headquartered in Monroe, Connecticut. The acquisition creates NexusTek's first dedicated hospitality services vertical and brings ESP's leadership (Jason and Abby Pullo) into NexusTek to continue leading the new vertical.

Omega Systems, a Pfingsten-backed managed services platform, has acquired Amnet Technology Solutions and its Cloudpath multi-cloud connectivity platform, adding secure multi-cloud connectivity and expanded managed IT and cybersecurity capabilities. The deal (closed May 16, 2024) strengthens Omega’s technical service offering and expands its customer relationships across the Northeast, bringing Amnet and Cloudpath into Omega’s MSP/MSSP portfolio.

Transaction Network Services (TNS) has acquired West Highland Support Services, a market data solutions provider based in Danbury, Connecticut. The deal integrates West Highland’s market-data monitoring, application management and professional services into TNS’ IaaS stack to deliver vendor‑agnostic, end‑to‑end market data solutions for professional traders, institutions and financial services vendors worldwide.

Net at Work, a leading North American provider of digital operations platform solutions, has acquired NexVue, a long-standing Acumatica partner and developer of Acumatica-based software and services. The acquisition expands Net at Work’s Acumatica ERP capabilities and brings experienced Acumatica professionals and broader service offerings into its Digital Operations Platform for SMB clients.

Fulcrum IT Partners has acquired F3 Technology Partners, marking Fulcrum's second U.S. acquisition and fourth global acquisition of 2023. The deal expands Fulcrum's managed services, cloud, and cybersecurity capabilities and strengthens its presence in the Healthcare and Financial Services verticals.

Cloud Equity Group’s portfolio company Brightworks IT has completed an investment in RAD Computing, a Vernon, Connecticut-based managed service provider focused on aerospace manufacturing clients. Terms were not disclosed; the deal is intended to expand Brightworks IT’s national MSP footprint and accelerate growth in the aerospace/manufacturing market while enhancing cybersecurity capabilities for defense/military suppliers.

Zaelab, a Westport, Connecticut-based B2B digital commerce consultancy, received a strategic growth investment from Superstep Capital. The capital will accelerate Zaelab’s organic growth, support future acquisitions, and expand its composable commerce capabilities including further development of its Portul.io offering.

Omega Systems, a portfolio company of Pfingsten Partners, has acquired The TNS Group (TigerNet Systems), a Stamford-based managed IT and security services provider. The add-on expands Omega's Northeast footprint and strengthens its managed security, cloud, business continuity, and IT consulting capabilities.

Coretelligent, a Norwest Equity Partners‑backed managed IT and cybersecurity provider, has acquired Lighthouse Technology Partners, a Greenwich, Connecticut managed services provider. The deal brings Lighthouse's managed IT, cybersecurity and cloud consulting capabilities and client relationships (including finance, life sciences/healthcare and professional services clients) into the Coretelligent platform to expand capabilities and scale.

Wipro Limited has signed a definitive agreement to acquire Rizing (Rizing Intermediate Holdings, Inc.), a global SAP consulting and systems-integration firm headquartered in Stamford, Connecticut. Rizing, previously owned by One Equity Partners, has roughly 1,200–1,300 employees across multiple countries; the deal expands Wipro's SAP consulting and cloud capabilities and is subject to regulatory approvals.

Coretelligent, backed by Norwest Equity Partners, has acquired Chateaux, a Norwalk, Connecticut-based technology services and solutions provider. The add-on deal (terms not disclosed) expands Coretelligent's managed IT, cloud and digital transformation capabilities and brings Chateaux's clients in finance, energy, healthcare/life sciences and utilities into the platform; Chateaux principals will remain in leadership roles.

UPSTACK, a New York–based internet infrastructure advisory platform, has acquired Connecticut-based communications solutions provider DVP Technologies. The acquisition is an add-on to UPSTACK's platform intended to expand its advisory capabilities, technology offerings and enterprise client relationships; terms were not disclosed.

Diversified, a portfolio company of Tailwind Capital, has acquired HB Communications, an audio-visual systems integrator headquartered in North Haven, Connecticut. The add-on strengthens Diversified's Northeast footprint and expands its AV, broadcast, collaboration and managed-services capabilities for higher-education and corporate clients.

Portland, Maine-based managed services provider Logically has acquired Network Support Co. (NSC), a Danbury, Connecticut MSP that serves 350+ clients across 36 states. The deal is an add-on to Logically (a portfolio company of The Riverside Company) to expand its geographic footprint, client base and managed IT capabilities.

Coretelligent, a managed IT and cloud services provider (and portfolio company of VSS Capital Partners), acquired Soundshore Technology Group, a boutique managed services firm serving hedge funds, private equity, RIAs and family offices. The deal — terms not disclosed — expands Coretelligent's financial-services IT portfolio, adding Soundshore's client relationships and contributing to a combined organization of over 200 employees and 500 clients.

Fastsigns Holdings Inc., parent of FASTSIGNS International, announced the acquisition of GTN Capital Group, LLC, the parent company of NerdsToGo, an emerging IT services franchise. The deal brings NerdsToGo’s ~25 franchise locations into FASTSIGNS’ franchising platform to accelerate growth, leverage FASTSIGNS’ franchise development capabilities, and expand services offered to small businesses and consumers.

Chicago-based advisory firm Erie Street has acquired Performance Improvement Partners (PIP), a specialized IT solutions and consulting firm that serves the private equity industry. The purchase expands Erie Street’s advisory and technology capabilities to deliver value-creation IT services for private equity firms and their portfolio companies; PIP will retain its name and John Bisack will remain as President and join Erie Street as a Managing Director.

NetTeks Technology Consulting, Inc. of Boston has acquired Connecticut-based A&F Networking. Generational Equity advised A&F Networking on the sale; the deal expands NetTeks' managed services, security and unified communications footprint in New England and the greater Connecticut/New York region.