Tracked deals
33
33 tracked deals across 2019-2026.
IT Services Buyers & Acquisitions in Tennessee
Buyer mix
Mixed buyer set
26 strategic · 15 pe
Top trend
Volume peaked in 2024
9 tracked deals announced in 2024.
Primary Insight
What Stands Out
- MSP and cybersecurity/compliance expansion appears repeatedly, including Evergreen Services Group (via Lyra Technology Group) and IT Solutions Consulting.
- Buyers also pursue domain depth in operational technology and mission-critical software, including Advantive’s MES/plant-floor execution expansion.
- Engineering and workforce/enterprise applications remain active adjacent themes, such as Engineering Resource Group’s add-on strategy and Rotation Digital’s workforce technology focus.
- Many deals are Tennessee-based (e.g., Smyrna; Memphis; Franklin; Chapel Hill; Brentwood), reflecting localized targets within broader scaling plans.
| Theme | Examples from Tennessee deals |
|---|---|
| MSP + Security/Compliance | Evergreen Services Group acquiring ImageQuest; IT Solutions Consulting acquiring Affinity Technology Partners |
| MES / Plant-floor execution | Advantive acquiring Insequence |
| Data center energy management | AZZO acquiring Qubits Energy |
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Top Buyers
Illustrative buyers pulled from tracked transactions on this page. This table is capped and intentionally non-exhaustive.
| Buyer | # Deals | Focus | Type |
|---|---|---|---|
| Evergreen Services Group | 2 | Operator of a portfolio/family of managed IT services and... | PE |
| Novatech | 2 | Nationwide managed office and business technology provide... | Strategic (PE-backed) |
| The 20 MSP | 2 | Leading managed service provider and roll-up operator run... | Strategic |
| Trivest Partners | 2 | Private investment firm focused on founder-led and family... | PE |
| ASH Investment Partners, LLC | 1 | Atlanta-based private equity firm focused on investments ... | PE |
| AZZO | 1 | Energy technology and services company providing microgri... | Strategic |
| Advantive | 1 | Provides mission-critical ERP, MES, and SPC software for ... | Strategic |
| Avesi Partners | 1 | Lower-middle market private equity firm focused on partne... | PE |
| BGSF, Inc. | 1 | Provider of consulting, managed services and professional... | Strategic |
| Baymark Partners | 1 | Growth-oriented private equity firm investing in middle-m... | PE |
Acquisition Volume in IT Services in Tennessee by Year
Last 8 years
Actual
Full-year estimate
Supporting Data
Recent Transactions
-
May 26, 2026
- Buyer
- Advantive
- Target
- Insequence
- Industry
- IT Services
- Location
- Tennessee, United States
- Type
- Buyout
Advantive, a provider of mission-critical software for specialty manufacturing and distribution businesses, announced its acquisition of Insequence, an automotive sequencing and manufacturing execution system (MES) software provider headquartered in Smyrna, Tennessee. The deal expands Advantive’s MES and plant-floor execution capabilities and supports its Advantive ONE AI platform strategy for connecting plant floor data with AI-driven insights.
-
- Buyer
- Engineering Resource Group, Inc., Godspeed Capital Management LP
- Target
- Haltom Engineering, LLC
- Industry
- IT Services
- Location
- Tennessee, United States
- Type
- Addon
Engineering Resource Group (ERG), backed by Godspeed Capital, acquired Haltom Engineering, a Memphis-based MEP engineering consulting firm. The deal is ERG’s first add-on acquisition, expanding ERG’s geographic reach across the Southern United States and adding technical depth in mechanical, plumbing, and fire protection design with net-zero expertise.
-
- Buyer
- AZZO
- Target
- Qubits Energy
- Industry
- IT Services
- Location
- Tennessee, United States
- Type
- Buyout
AZZO announced the acquisition of Qubits Energy, a specialist in Electrical Power Management Systems (EPMS), advanced automation, and energy management for data centers and other mission-critical facilities. The deal strengthens AZZO’s EnergyX platform by integrating Qubits Energy’s engineering-led deployment capabilities, and it gives AZZO an operational foothold in Colombia to support Latin American growth.
-
March 24, 2026
- Buyer
- Founders Home Service Group, Kompass Kapital
- Target
- The Air Guys LLC
- Seller
- John Skelton, Holly Skelton
- Industry
- IT Services
- Location
- Tennessee, United States
- Type
- Addon
Founders Home Service Group acquired The Air Guys LLC, a Chapel Hill, Tennessee-based HVAC and residential home services contractor, to expand its Middle Tennessee footprint. The deal adds a local “people-first” operator with established customer relationships and broad home services capabilities (HVAC, electrical, and plumbing) to Kompass Kapital-backed Founders’ platform.
-
- Buyer
- Trinity Consultants
- Target
- Process Improvement Institute Inc.
- Industry
- IT Services
- Location
- Tennessee, United States
- Type
- Buyout
Trinity Consultants, a global environmental consulting firm, announced its acquisition of Process Improvement Institute Inc. (PII), a Tennessee-based consulting and training firm specializing in process safety management, risk management, and process reliability. The deal will integrate PII’s PSM training, engineering, human factors consulting, management system implementation, and Safety Instrumented Systems verification into Trinity’s environmental consulting platform to expand capabilities and international reach.
-
January 27, 2026
- Buyer
- Transit Technologies
- Target
- Vehicle Installs
- Industry
- IT Services
- Location
- Tennessee, United States
- Type
- Buyout
Transit Technologies announced the acquisition of Vehicle Installs, a fleet installation and mobile electronics services firm specializing in telematics, GPS, and camera deployments. The deal is intended to strengthen Transit’s end-to-end solution deployment capabilities by expanding reliability, consistency, and geographic coverage across its Public Sector, Fleet, Campus, and K-12/Motorcoach client base.
-
January 8, 2026
- Buyer
- Rotation Digital, The Brydon Group
- Target
- Syssero
- Industry
- IT Services
- Location
- Tennessee, United States
- Type
- Addon
Rotation Digital, a full-stack digital technology services company backed by The Brydon Group, has acquired Syssero, a consultancy specializing in workforce technology and enterprise applications. The add-on strengthens Rotation Digital's workforce technology and enterprise application capabilities and expands its delivery resources across clients.
-
December 17, 2025
- Buyer
- Broadwing Capital
- Target
- CloudScale365
- Industry
- IT Services
- Location
- Tennessee, United States
- Type
- Buyout
Broadwing Capital, a Dallas-based private equity firm, announced its acquisition of CloudScale365, the first investment in its new IT managed service provider (MSP) platform. CloudScale365 provides managed IT, cloud, hosting, and security solutions for small and medium-sized businesses, with support teams across nine U.S. regional locations.
-
October 8, 2025
- Buyer
- Titan Cloud
- Target
- Urgent, Techniche EV
- Seller
- Techniche Limited
- Industry
- IT Services
- Location
- Tennessee, United States
- Type
- Addon
Titan Cloud announced plans to acquire Urgent and Techniche EV, expanding its AI-driven platform for energy asset optimization with deeper maintenance capabilities. The acquisition is expected to close early Q4 2025 and is intended to broaden coverage from fuel assets to site equipment and EV infrastructure.
-
- Buyer
- Avesi Partners
- Target
- Mosaic Consulting Group
- Industry
- IT Services
- Location
- Tennessee, United States
- Type
- Growth capital
Avesi Partners has made its first institutional investment in Mosaic Consulting Group, a Nashville-based UKG-focused HCM and workforce management consulting and managed services provider. The minority strategic growth investment will partner with Mosaic's leadership to accelerate organic growth, expand managed services offerings, and support M&A-driven expansion.
-
July 24, 2025
- Buyer
- Evergreen Services Group, Lyra Technology Group
- Target
- ImageQuest
- Industry
- IT Services
- Location
- Tennessee, United States
- Type
- Addon
Evergreen Services Group has acquired ImageQuest, a Franklin, Tennessee-based managed IT, cybersecurity and compliance provider. ImageQuest will continue to operate under Evergreen’s Lyra Technology Group platform with its leadership and team remaining in place as Evergreen scales its security- and compliance-specialized MSP capabilities, particularly in regulated verticals such as financial services.
-
- Buyer
- IT Solutions Consulting
- Target
- Affinity Technology Partners
- Industry
- IT Services
- Location
- Tennessee, United States
- Type
- Buyout
IT Solutions Consulting, a multinational managed service provider, has acquired Affinity Technology Partners, a Brentwood, Tennessee-based MSP. The deal expands IT Solutions' presence in the Southeast and augments its healthcare-focused IT, cybersecurity, and compliance capabilities; financial terms were not disclosed.
-
January 9, 2025
- Buyer
- Flagler Technologies
- Target
- Allied Help Desk Services
- Industry
- IT Services
- Location
- Tennessee, United States
- Type
- Buyout
Flagler Technologies, a Boca Raton-based IT services firm, has acquired Tennessee-based Allied Help Desk Services to expand its managed services and 24/7 support capabilities. The acquisition brings Allied's US-based team of more than three dozen managed services professionals into Flagler's service offering to bolster help desk, NOC/SOC and staff-augmentation services for Flagler clients.
-
December 4, 2024
- Buyer
- ASH Investment Partners, LLC
- Target
- FortyAU
- Industry
- IT Services
- Location
- Tennessee, United States
- Type
- Buyout
Atlanta-based private equity firm ASH Investment Partners has invested in FortyAU, a Nashville-headquartered digital services firm specializing in custom software engineering, data science, AI, and strategy & design for healthcare and other regulated industries. The investment will support FortyAU's growth and expansion into key end markets; FortyAU will serve as ASH IP's second platform from its $150M digital services fund.
-
November 1, 2024
- Buyer
- Novatech, Trivest Partners
- Target
- Carolina Business Equipment
- Seller
- John Eckstrom
- Industry
- IT Services
- Location
- Tennessee, United States
- Type
- Addon
Novatech, the Nashville-based nationwide Managed Office provider and a Trivest Partners portfolio company, acquired Carolina Business Equipment (CBE) in July 2023 and completed a full rebrand/operational integration under the Novatech name effective November 1, 2024. The acquisition expands Novatech's managed office footprint and capabilities—adding CBE's managed IT and print offerings and regional customer relationships in the Carolinas.
-
September 10, 2024
- Buyer
- Bridgenext
- Target
- CodeScience
- Industry
- IT Services
- Location
- Tennessee, United States
- Type
- Buyout
Bridgenext, a global digital consultancy, has acquired CodeScience, a Salesforce-focused technology consulting firm, to strengthen its product development capabilities across the Salesforce ecosystem. CodeScience CEO Michael Utell will remain with Bridgenext; BNP Paribas Securities Corp acted as financial advisor to CodeScience and deal terms were not disclosed.
-
September 4, 2024
- Buyer
- Perpetual Capital Partners
- Target
- Novatech, Inc.
- Industry
- IT Services
- Location
- Tennessee, United States
- Type
- Buyout
Perpetual Capital Partners acquired Novatech, Inc., a provider of nationwide Managed Office Solutions in the United States. The transaction terms were not disclosed, and Perpetual said the deal expands its strategy to invest in technology services companies with long-term growth potential.
-
July 2, 2024
- Buyer
- The 20 MSP
- Target
- Sublime Computer Services
- Seller
- Adam Bell
- Industry
- IT Services
- Location
- Tennessee, United States
- Type
- Addon
The 20 MSP has acquired Nashville-based managed service provider Sublime Computer Services as part of its ongoing roll-up strategy. The deal expands The 20's national footprint and integrates Sublime's team and capabilities into The 20 MSP Group platform to drive scale and operational consistency.
-
- Buyer
- General Atlantic, L.P., Stone Point Capital LLC
- Target
- HireRight Holdings Corporation
- Industry
- IT Services
- Location
- Tennessee, United States
- Type
- Buyout
HireRight Holdings Corporation entered into a definitive all-cash merger agreement under which investment funds affiliated with General Atlantic and Stone Point Capital acquire the company for $14.35 per share, valuing the enterprise at approximately $1.65 billion. The transaction completed in late June 2024 after stockholder approval, with HireRight’s common stock ceasing trading and no longer listed on the NYSE.
-
April 1, 2024
- Buyer
- RJ Young
- Target
- Computer Systems Plus (CSP)
- Industry
- IT Services
- Location
- Tennessee, United States
- Type
- Buyout
RJ Young, a Nashville-based business technology solutions provider, has acquired Computer Systems Plus (CSP), a family-owned managed IT services provider based in Knoxville, Tennessee. The deal brings CSP’s nine-person team into RJ Young’s more than 700-employee organization and expands RJ Young’s managed IT capabilities and regional presence.
-
February 13, 2024
- Buyer
- Evergreen Services Group
- Target
- Kraft Enterprise Systems (KES)
- Seller
- KraftCPAs PLLC
- Industry
- IT Services
- Location
- Tennessee, United States
- Type
- Addon
Evergreen, a Nashville-based family of managed IT services and software companies, has acquired Kraft Enterprise Systems (KES), an Oracle NetSuite implementation and consulting partner formerly a subsidiary of KraftCPAs PLLC. KES will rebrand as KES Systems Solutions, LLC and operate independently within Evergreen's ERP partner portfolio, Pine Services Group, to accelerate product development and growth while continuing NetSuite implementation and post-go-live support services.
-
January 23, 2024
- Buyer
- Complete Legal
- Target
- Frontline Managed Services' eDiscovery unit
- Industry
- IT Services
- Location
- Tennessee, United States
- Type
- Addon
Complete Legal announced it has acquired Frontline Managed Service’s eDiscovery unit, including its capabilities in eDiscovery, information governance, and data management. The deal follows Complete Legal’s recent mergers with L2 Services and Precise Legal, and is intended to address talent and scaling needs while bringing Frontline’s client roster into the combined platform.
-
- Buyer
- Bluewave Technology Group
- Target
- Resource Communication Group (RCG)
- Seller
- John Anderson, Rich Brown, Kara Rickvalsky
- Industry
- IT Services
- Location
- Tennessee, United States
- Type
- Buyout
Bluewave Technology Group has acquired Resource Communication Group (RCG), a Franklin, Tennessee-based telecommunications advisory firm. The deal expands Bluewave's nationwide technology advisory footprint into the Nashville metro area and strengthens its telecom lifecycle management capabilities; financial terms were not disclosed.
-
July 5, 2023
- Buyer
- The 20 MSP
- Target
- Cirrus IT Solutions
- Industry
- IT Services
- Location
- Tennessee, United States
- Type
- Addon
The 20 MSP, a national managed service provider based in Plano, Texas, has acquired Cirrus IT Solutions, an IT services firm serving Knoxville, Tennessee. The deal is The 20's 22nd acquisition and is intended to expand its national footprint; Pinecrest Capital Partners served as financial advisor to The 20 MSP.
-
April 24, 2023
- Buyer
- BGSF, Inc.
- Target
- Arroyo Consulting LLC
- Industry
- IT Services
- Location
- Tennessee, United States
- Type
- Buyout
BGSF, Inc. (NYSE: BGSF) completed the acquisition of substantially all assets of Arroyo Consulting LLC, a nearshore/offshore professional workforce solutions firm specializing in IT and software development. The deal adds Arroyo's global delivery footprint (operations in the U.S., Medellín, Colombia and Telangana, India), roughly 300+ IT professionals and expands BGSF's software development, testing and managed services capabilities.
-
March 9, 2023
- Buyer
- Novatech, Trivest Partners
- Target
- ACT Business Machines
- Industry
- IT Services
- Location
- Tennessee, United States
- Type
- Addon
Novatech, the nationwide Managed Office platform and core portfolio company of Trivest Partners, has acquired ACT Business Machines, a Chattanooga-based business technology provider specializing in managed print, copiers/printers, IT services, and cloud technologies. ACT Business Machines will be rebranded as Novatech and the deal expands Novatech's footprint and managed services capabilities in the Chattanooga market.
-
- Buyer
- IT Voice, Baymark Partners
- Target
- (b:ok) Network Infrastructure Services LLC (Bytes of Knowledge)
- Seller
- Charles May, Julie May
- Industry
- IT Services
- Location
- Tennessee, United States
- Type
- Addon
IT Voice, a multi-location MSP and portfolio company of Baymark Partners, has acquired (b:ok) Network Infrastructure Services LLC (also known as Bytes of Knowledge), a longtime MSP based in Nashville, Tennessee. The transaction, advised by Viking Mergers & Acquisitions, is an add-on to expand IT Voice's regional footprint and capabilities while preserving the target's management legacy.
-
September 7, 2022
- Buyer
- eResources LLC
- Target
- Computers & Networks (Software, Inc.)
- Industry
- IT Services
- Location
- Tennessee, United States
- Type
- Buyout
Ocala-based eResources LLC has acquired Computers & Networks (Software, Inc.), a Memphis-based managed IT services provider. The deal closed on September 7, 2022; the acquisition expands eResources' managed IT, hosted infrastructure and cybersecurity capabilities and footprint in the Mid-South.
-
July 5, 2022
- Buyer
- E78 Partners, Further Global Capital Management
- Target
- Profit Enhancement Systems
- Industry
- IT Services
- Location
- Tennessee, United States
- Type
- Addon
E78 Partners, a private-equity‑backed provider of finance, accounting and technology solutions, has acquired Profit Enhancement Systems (PES), a technology‑enabled managed service provider focused on cloud, mobility and infrastructure cost optimization. PES will form the basis of a new cost‑optimization business unit within E78, expanding E78's capability to reduce IT and cloud spend for Fortune 500, private equity portfolio and middle‑market clients. The deal was announced July 5, 2022; financial terms and a selling party were not disclosed.
-
November 3, 2021
- Buyer
- ConvergeOne
- Target
- WrightCore
- Industry
- IT Services
- Location
- Tennessee, United States
- Type
- Buyout
ConvergeOne has acquired WrightCore, a Franklin, Tennessee-based technology solutions provider that delivers cloud, managed and professional services across healthcare, education, manufacturing, utilities and financial services. The acquisition expands ConvergeOne's presence in the southeastern United States and strengthens its cloud, managed and professional services capabilities.
-
August 31, 2021
- Buyer
- Frontline Managed Services
- Target
- LOGICFORCE
- Industry
- IT Services
- Location
- Tennessee, United States
- Type
- Buyout
Frontline Managed Services has acquired LOGICFORCE, a legal IT consulting firm with over 23 years of experience. The acquisition adds approximately 50 IT professionals, over 100 law-firm clients and LOGICFORCE's proprietary Synthesis E-IT Secure (SEITS) service to Frontline's legal managed-services platform to expand capabilities and scale in the legal market.
-
- Buyer
- CSI Group
- Target
- APSU Inc.
- Industry
- IT Services
- Location
- Tennessee, United States
- Type
- Addon
MML-backed CSI Group has acquired APSU Inc., a Tennessee-based managed-services provider specializing in IBM Power and IBM i cloud/platform services. The deal expands CSI's North American presence and strengthens its technical capabilities for mission-critical hybrid and multi-cloud IBM workloads.
-
February 19, 2019
- Buyer
- Sharp Business Systems (Sharp Imaging and Information Company of America), Sharp Electronics Corporation
- Target
- Saratoga Technologies, Inc.
- Industry
- IT Services
- Location
- Tennessee, United States
- Type
- Buyout
Sharp Business Systems, the direct sales division of Sharp Imaging and Information Company of America, has acquired Saratoga Technologies to expand its direct regional sales coverage for document systems and managed network services in Eastern Tennessee and Southwest Virginia. Employees of Saratoga will join the SBS team and Saratoga's president, David Temple, will remain to help ensure a smooth transition.
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Frequently Asked Questions
What kinds of IT services are most commonly targeted in Tennessee acquisitions?
Recent Tennessee transactions frequently involve MSP services, cybersecurity and compliance, and specialized software or engineering capabilities such as MES/plant-floor execution and data center energy management.
Which buyers show up more often in this Tennessee IT services landscape?
Recurring names include The 20 MSP, Novatech, Evergreen Services Group, Trivest Partners, CSI Group, ConvergeOne, Bridgenext, and Sharp Business Systems (Sharp Imaging and Information Company of America).
Do these deals focus only on Tennessee-based companies?
The deals highlighted here are located in Tennessee, United States (including targets headquartered in cities such as Smyrna, Memphis, Franklin, Chapel Hill, and Brentwood), even when buyers have broader geographic operations.
Are there acquisition themes beyond traditional IT managed services?
Yes. Some announcements center on operational technology and adjacent consulting, such as MES software (e.g., Advantive and Insequence), data center energy management (e.g., AZZO and Qubits Energy), and workforce/enterprise technology consulting (e.g., Rotation Digital and Syssero).
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