IT Services Acquisitions in New York

Ricoh Company, Ltd. has acquired Presentation Products, Inc. (PPI), a New York–based audiovisual integrator with roughly 100 specialists, to strengthen its U.S. pro AV, collaboration, and managed services capabilities. PPI’s team will join Ricoh’s managed AV services organization (Cenero) to scale integrated workplace solutions across AV, IT, collaboration platforms, and managed services in North America.

K2 Services, backed by a majority investment from Renovus Capital Partners, has acquired Epiq Global Business Transformation Solutions (Epiq GBTS) and Forrest Solutions to form a combined managed-services entity. The combined business will deliver end-to-end front-, middle- and back-office managed services supported by more than 4,500 professionals and has appointed Michelle Deichmeister as CEO. Epiq sold its GBTS division as part of a strategic refocus on technology-enabled legal solutions.

Fairdinkum Consulting, a Manhattan-based IT consulting firm, has acquired Long Island–headquartered managed services provider Tech 2020 Solutions. The deal adds roughly 100 clients and nine staff members, strengthening Fairdinkum's presence across Long Island and New York City and expanding its managed services, cybersecurity and cloud capabilities.

Net at Work has acquired AppSolute Consulting Group, an IT services firm with Sage and Acumatica expertise, including its managed services practice and employees. The deal expands Net at Work's SMB technology solutions and MSP footprint, bringing AppSolute's clients and consultants into Net at Work's broader ERP, CRM and managed services platform.

Integris, a national managed services provider backed by OMERS Private Equity, has acquired TechMD and its security division, 1nteger Security. TechMD had been backed by ClearLight Partners; the add-on acquisition expands Integris' managed IT and cybersecurity capabilities and footprint across the Northeast and California.

Netrio, a portfolio company of L Squared Capital Partners, has acquired Agio, a New York City–based managed IT and cybersecurity provider focused on the financial services sector. The add-on expands Netrio’s cybersecurity, GenAI-powered delivery (AgioNow) and Northeast footprint while deploying Agio’s automation across Netrio’s national managed-services platform.

Denver-based New Charter Technologies, a private equity–backed MSP platform sponsored by Oval Partners, has acquired Melville, New York–based ProTech IT. The add-on deal expands New Charter's geographic presence and brings a customer-forward, profitable client base and capabilities to the New Charter platform; financial terms were not disclosed.

NETRIO and SUCCESS Computer Consulting acquired PCA Technology Group, an IT services firm based in Buffalo, New York, to expand managed IT, custom application development and MSP services for small- and mid-market clients. The deal strengthens the combined company's application development capabilities and Western New York presence as it scales its national MSP footprint.

Sea Pine Equity Partners recapitalized Hi-Tek Data Holdings LLC, a Syosset, New York–based managed IT services provider. The transaction was completed in partnership with Hi-Tek Data CEO Adam Hartley and was supported by investments from Harbert Credit Solutions, Route 2 Capital Partners and SharpVue Capital; Hi-Tek Data will continue operating under its brand and pursue accelerated organic growth and acquisitions.

ScanSource, Inc. has acquired Resourcive, a New York–based technology advisory firm that provides strategic IT sourcing and value-creation services to mid-market and enterprise clients. The acquisition, which closed on August 8, 2024 for an undisclosed sum, will be folded into a newly created ScanSource Channel Advisors business to expand ScanSource’s channel advisory capabilities and services.

SRM (Strategic Resource Management), a Memphis-based financial services advisory, has acquired Kenneth J. Sole & Associates, a Holbrook, New York banking technology consulting firm. The acquisition expands SRM's capabilities to include core systems optimization, conversion support, and implementation services, with founder Kenneth J. Sole joining SRM to lead the implementation services business.

EY US has acquired Nuvalence, a Troy, New York-based IT consulting firm with more than 140 engineers, product managers, and architects across the US, Canada and Colombia. The acquisition expands EY's technology advisory, modernization, digital platforms and data/AI capabilities, building on Nuvalence's work including an AI-embedded fleet management platform for an automotive manufacturer.

Clayton, Dubilier & Rice (CD&R) will acquire a majority ownership position in Presidio, a leading IT services and digital solutions provider, from BC Partners, which will retain a minority stake. The transaction, which strengthens Presidio’s ability to expand its cloud, managed services and cybersecurity capabilities, is expected to close in Q2 2024; terms were not disclosed.

AHEAD has acquired Computer Design & Integration (CDI) from One Equity Partners, creating a combined digital platforms and IT services organization with more than $3.7 billion in gross revenue and over 2,500 employees globally. The deal strengthens AHEAD's Northeastern U.S. footprint, expands its India engineering presence, and broadens capabilities across data & AI platforms, platform engineering, ServiceNow, and managed services.

Smart ERP Solutions, a portfolio company of private equity firm Third Century, has acquired Ideametrics, a New York-based Oracle cloud consulting firm. The acquisition is an add-on to Smart ERP's services platform and is intended to create service synergies and expand Oracle ERP/Cloud capabilities and Higher Education client coverage.

Accenture has agreed to acquire Work & Co, a global digital product company known for design-led mobile apps, commerce platforms, and generative AI applications. The acquisition will fold Work & Co's nearly 400 employees into Accenture Song to strengthen Accenture's digital products and experience transformation capabilities; terms were not disclosed.

Belgian IT solutions provider Cegeka, through its wholly owned subsidiary Chicago Merger Sub, Inc., completed a tender offer and is acquiring all outstanding shares of Computer Task Group, Incorporated (CTG) for $10.50 per share, making CTG a wholly owned subsidiary. The acquisition expands Cegeka’s global footprint and capabilities across North America, Europe and India and will delist CTG from NASDAQ.

Mphasis, the India-headquartered IT services firm, has acquired Silverline, a New York–based digital transformation consultancy and Salesforce partner, to strengthen its Salesforce and CX capabilities. Silverline, which has over 400 specialists and expertise across financial services, retail, healthcare, life sciences and media & entertainment, was previously backed by Pamlico Capital.

Eoptic, Inc., a Rochester-based system integrator, has acquired Alltonomous, an end-to-end solutions provider specializing in Industrial IoT, RTLS, and Connected Worker solutions. The acquisition expands Eoptic’s capabilities to deliver connected solutions that bridge IT and OT and positions Alltonomous to scale as part of Eoptic’s portfolio.

Net at Work Inc., a leading North American provider of cloud, ERP/HCM/CRM integration and managed IT services for SMBs, received a growth investment from private equity firm Lovell Minnick Partners. Terms were not disclosed; the capital will be used to accelerate Net at Work's expansion and to pursue acquisitions.

Potomac Equity Partners provided additional capital to its portfolio company Watermark Solutions to merge with Synergy Resources, creating WM Synergy — an expanded ERP, technology and cloud hosting provider serving manufacturers and distributors. The combined business will offer Infor, Acumatica and Hexagon ERP implementations, managed hosting and related consulting services across North America; financial terms were not disclosed.

An affiliate of IT ServicePoint, an existing portfolio company of Mill Point Capital, has acquired PremiseLink Technologies LLC. The deal positions PremiseLink as an add-on to the IT ServicePoint platform to expand geographic reach and field-service capabilities across IT deployments for OEMs, VARs, systems integrators and other service providers.

Canadian acquirer Tiny has purchased Brooklyn-based product engineering firm HappyFunCorp for $30 million in a deal combining cash and shares. HappyFunCorp — a profitable, bootstrapped app and product engineering shop (2022 revenue ~$12M) — will remain independently operated in Brooklyn with its leadership team staying on post-close.

Publicis Groupe has acquired Corra, a leading Adobe Commerce partner headquartered in New York, and will fold the business into Publicis Sapient to strengthen its digital commerce and composable/headless commerce capabilities. Corra — known for its Adobe Commerce expertise and managed services — will expand Publicis Sapient’s SPEED capabilities across Strategy, Product, Experience, Engineering and Data & AI.

Seneca Resources, a Caymus Equity-backed IT and engineering professional services firm, has acquired QED National, a New York City–based IT consulting and cybersecurity provider. The add-on transaction (closed May 26, 2023) expands Seneca's consulting and cybersecurity capabilities and establishes a new office in New York City to broaden its national presence.

NexusTek has joined with New York City–based ICCS & Co., with A&M Capital Strategic Investments leading a substantial investment into the combined business and Abry Partners continuing to participate. The deal expands NexusTek's geographic presence in the U.S. Northeast and deepens its public/hybrid cloud and cybersecurity capabilities for clients across legal, financial, real estate and other verticals.

UPSTACK, a New York–based digital infrastructure advisory platform, has acquired RYSE Communications LLC (dba Signal Technology Group), an independent technology advisory firm based in Utica, New York. Signal Technology Group's founder and CEO Rob Wuest will join UPSTACK as a Partner; terms were not disclosed.

New York–based Fairdinkum Consulting has acquired Warren Systems Group (WSG) in a strategic acquisition advised by Cogent Growth Partners. The deal—Fairdinkum’s first acquisition—adds WSG’s cybersecurity, cloud, disaster recovery and managed IT capabilities to Fairdinkum’s engineering-driven MSP platform to accelerate growth and streamline operations in New York City and nationally.

VASS has acquired Copilot, a U.S.-based Salesforce, cloud and data consulting firm headquartered in New York, as an add-on to expand its North American presence and capabilities. The acquisition strengthens VASS's Salesforce, cloud, data analytics and automation offerings and completes another add-on for the PE-backed VASS platform.

PartnerHero, a provider of outsourced customer operations, has acquired SupportOps, a New York Metro–based Zendesk implementation and CRM automation specialist. The acquisition enables PartnerHero to offer Zendesk implementation and administration services immediately, expanding its end-to-end CX capabilities.

Sourcepass has acquired Contemporary Computer Services, Inc. (CCSI), a Bohemia, New York-based co-managed IT services provider with approximately 65 employees. The acquisition expands Sourcepass's co-managed services capabilities, strengthens its presence in the Northeastern U.S. and education and public-sector verticals, and brings additional midmarket and enterprise contracts into its portfolio.

Acrisure (through its Acrisure Cyber Services division) has acquired Homefield IT, a New York City–based managed service provider that offers managed IT, cloud and digital transformation, and cybersecurity services to businesses across the U.S. The acquisition strengthens Acrisure Cyber Services’ MSP footprint and expands its capabilities to serve small- and mid-size business clients with managed security and IT operations.

Pittsburgh-based private equity firm Incline Equity Partners announced an investment in Icreon, a New York–based digital transformation agency. The partnership will support Icreon’s growth plans, including capability expansion, go-to-market investment and potential strategic acquisitions to deepen service offerings for enterprise and mid-market clients.

Cloud Equity Group completed the acquisition of Chrein, a Long Island, New York-based web development firm that provides website design, hosting and ongoing maintenance to small- and medium-sized businesses. Terms were not disclosed; Cloud Equity Group said it plans to accelerate Chrein's growth organically and through strategic M&A to expand its capabilities and market reach.

Sourcepass, a New York–based managed services provider, has acquired Infinity Computer Systems, a Microsoft Dynamics 365 partner and service provider. The acquisition expands Sourcepass’s Dynamics 365 implementation and ERP/CRM capabilities for its SMB client base and integrates Infinity’s Dynamics services into Sourcepass’s broader IT managed services portfolio.

IT Solutions, a Philadelphia-area managed services provider, has acquired CHIPS Technology Group, a Long Island-based provider of IT support, cybersecurity, and compliance services. The deal expands IT Solutions' Managed IT and Security Services into the Long Island and New York metro region and brings CHIPS' security- and compliance-focused expertise to IT Solutions' larger client base.

Accelalpha, a portfolio company of Century Park Capital Partners, has completed the acquisition of Frontera Consulting, a specialist in Oracle Cloud applications implementation and managed services. The deal is an add-on to Accelalpha’s platform intended to expand Oracle Cloud delivery capabilities and geographic reach across the U.S., U.K. and Asia.

DataArt, a global software engineering firm headquartered in New York City, secured a $75 million minority growth investment from growth equity firm FTV Capital to accelerate global delivery capacity, R&D and potential acquisitions. The capital will support DataArt's continued geographic expansion and capability build-out amid record revenue growth and hiring.

FFL Partners has completed a strategic growth investment in Abacus Group, an IT managed services provider focused on hedge funds, private equity, venture capital and family office clients. The transaction represents an exit by WestView Capital Partners; Abacus, headquartered in New York City with more than 250 employees and 650+ clients, will partner with FFL to accelerate organic growth and pursue strategic acquisitions.

Modus Create, a global digital transformation and product development firm, has acquired Atlas Authority, an Atlassian-focused consulting firm and marketplace app developer. The deal expands Modus Create’s Atlassian services team, certified expertise, and marketplace application offerings while integrating Atlas Authority’s founder, Boris Berenberg, into Modus leadership as VP of Product.

Mangrove Equity Partners has made an investment in STCR Business Systems, an Endwell, New York-based provider of retail point-of-sale (POS) hardware, enterprise software, implementation and ongoing support services for grocery retailers across the U.S. and the Caribbean. The transaction supports an ownership transition and succession plan for the family-owned business and aims to invest in people and operational infrastructure to accelerate growth.

Net at Work has acquired ProServe Solutions, a leading Acumatica partner and business technology consulting firm, to deepen its Acumatica capabilities and broaden its consulting bench. ProServe supports over 40 customers across the United States and Canada and Net at Work named ProServe founder Chris Cleary as Acumatica Practice Leader.

UPSTACK, a New York-based internet infrastructure platform backed by private equity, has acquired United Technology LLC, a technology consulting firm specializing in complex network deployments and managed services. United Technology Founder Trish Van de Bovenkamp will join UPSTACK as a Partner and Managing Director as UPSTACK expands capabilities and scales its platform.

Managed service provider Netsurit has acquired EVOKE, a New York-based digital transformation and automation firm. The deal expands Netsurit's US footprint and adds Microsoft-centric low-code/no-code development, user experience, business intelligence, and automation capabilities to its service offering.

Apps Associates has acquired Jolt Consulting Group LLC dba Forcivity, a Saratoga Springs, NY-based Salesforce, ServiceMax and IFS systems integrator. The acquisition strengthens Apps Associates' Salesforce Service capabilities (Service Cloud, Field Service Lightning, Experience Cloud) and adds roughly 105 clients while expanding its vertical reach into Financial Services, Manufacturing and Medical markets.

Sourcepass has acquired Network Solutions and Technology, Inc. (NST) and closed a $70MM funding round led by Metropolitan Partners Group with participation from Wedge Venture Partners and angel investors. NST’s ~155 employees and multi-state footprint will serve as a growth platform for Sourcepass as it scales its managed IT services for SMB customers across North America.

UPSTACK has acquired Subsidium Technologies Inc., a Clifton Park, New York-based telecommunications and technology services agency. The deal brings Subsidium's telecom, network connectivity and cloud collaboration expertise onto UPSTACK's internet infrastructure platform as the company's founders join UPSTACK as partners and managing directors.

KORE Group Holdings, Inc. acquired Business Mobility Partners and SIMON IoT to expand its connected-health and IoT enablement capabilities, particularly to better serve decentralized clinical trials and remote patient monitoring use cases. The two companies will continue to operate as standalone entities while accessing KORE’s global IoT connectivity and services portfolio.

Columbia River Partners led a strategic investment in Custom Computer Specialists, a Hauppauge, New York-based IT services provider, with capital support from Tecum Capital Partners, Everside Capital Partners, Spell Capital Partners, Unity Hunt and Enterprise Bank & Trust. The investment will fund expansion of Custom's technology offerings and services into the K-12 Chromebook market and further growth across education, healthcare and commercial end markets in the Northeast.

Dominus Capital has completed an investment in Uptime Institute, the global digital infrastructure authority that provides data center assessment, certification, consulting, and training services. Dominus said it will support Uptime's global expansion, new service offerings, and strategic add-on acquisitions; terms were not disclosed.