Private Equity-Backed IT Services Acquisitions

ERT, a Macquarie Capital–backed digital engineering and mission services company, has acquired Sev1Tech, an IT modernization and digital transformation partner serving space, defense and federal customers. The deal expands ERT's mission-focused IT, cloud and cyber capabilities while Sev1Tech's team continues supporting existing government contracts.

Sela has merged with and acquired Israel-based 2bcloud, combining the two firms under the Sela brand to create one of the region's largest multi-cloud engineering organizations. The combined company will expand Sela's cloud engineering capacity (more than 500 cloud engineers across the group), strengthen hyperscaler partnerships (AWS, Azure, Google Cloud), and deepen capabilities supporting ISVs, SaaS providers, and digital-native companies.

Net at Work acquired Durham, North Carolina-based managed services provider OnPar Technologies to expand its national managed services footprint and deepen industry-focused offerings. OnPar—serving clients across 35 states with more than two decades of experience—will be integrated into Net at Work's platform, providing clients access to broader resources while preserving service continuity.

AYCE Capital has made an investment in Solid Technology Solutions, an Edmonton-based Managed Service Provider specializing in healthcare IT. The partnership gives Solid Tech additional capital and AYCE-provided back-office support (sales, finance, vendor management) and connects the company to AYCE's broader MSP ecosystem to support growth in Alberta.

AEA Investors' Small Business Private Equity team has made a majority investment in Magna5, a Canonsburg, Pennsylvania–based managed IT and cybersecurity services provider, with significant reinvestment from Magna5's management team. The partnership will support scaling Magna5's national platform and expanding its cybersecurity, compliance, and AI-enabled capabilities; CEO Bob Farina and the current leadership team will remain in place.

Onecom, backed by LDC, has acquired Matrix IT, a Microsoft Solutions Partner based on the UK South Coast, to bolster its managed IT and Microsoft services capabilities. The deal expands Onecom's regional presence and technical delivery capacity, adding experienced service delivery staff and strengthening its Managed IT, cloud and cybersecurity offerings.

Concentric Equity Partners, a Chicago-based private investment firm, has acquired Aleysian, a Salesforce implementation and advisory firm. As part of the transaction Aleysian named Jon Klinepeter as CEO and moved former CEO Dustin Ward into the COO role to support scaled delivery and accelerated investments in Salesforce capabilities.

Argano has acquired Stormloop Technologies, a Workday partner specializing in HCM, Financials and Adaptive Planning advisory and managed services. The acquisition, which closed in December 2025, expands Argano's enterprise application and cloud transformation capabilities and strengthens its Workday and Adaptive Planning service offerings.

Arctiq has acquired Verinext from Mill Point Capital to create a larger, intelligence-driven technology services platform that expands capabilities across managed services, infrastructure, security, data & AI, and autonomous operations. The deal is supported by Gallant Capital Partners, the majority owner of Arctiq, and aims to scale delivery, geographic reach, and managed services capacity across North America.

Virtual Technologies Group (VTG), a Maumee, Ohio–based IT, security and cloud services provider backed by Jacmel Partners, has acquired Whitlock Infrastructure Solutions, a Durham, North Carolina software reseller and IT operations management services firm. The deal, supported with financing arranged by Brightwood Capital Advisors, strengthens VTG's IT operations management, managed services and federal services capabilities as an add-on to its platform.

Net at Work, a North American technology advisor, acquired Boston-based BHE Consulting to strengthen its Sage and Acumatica ERP capabilities and expand delivery capacity across construction, manufacturing, and wholesale distribution verticals. BHE co-founders Greg Archambault and Russ Carey will remain with Net at Work to support client continuity and integration of BHE's solutions.

CyberlinkASP, a Seaport Capital-backed advanced solutions provider, has acquired Fresh Managed IT, a Birmingham, Alabama-based managed services provider. The add-on expands Cyberlink's MSP footprint in the Southeast, brings Fresh IT's ~150 customers across healthcare, construction and restaurant markets, and strengthens regional capabilities in network management, cybersecurity and VoIP.

Proven Optics, backed by Silversmith Capital Partners, has acquired brightfin's ServiceNow-native enterprise business from Periscope Equity. Periscope will retain and reintroduce Mobile Solutions as a standalone, mid-market-focused platform and has named Chebem Chukwu as CEO as it pursues organic growth and add-on acquisitions.

Livefront and Zeal IT Consultants announced a strategic combination to create a larger digital consultancy offering end-to-end capabilities in digital strategy, experience design, AI-driven platforms, software engineering, and data. The combination creates a team of more than 300 professionals and was supported by a strategic investment in Livefront from Denver-based private equity firm Rallyday Partners.

Evergreen Services Group, a PE-backed MSP consolidator backed by Alpine Investors, acquired Digital Boardwalk, a Pensacola, Florida–based managed services provider. The purchase marks Evergreen’s 100th add-on in its roll-up strategy, continuing a decentralized "hold forever" model focused on retaining local leadership and recurring revenue streams.

New Charter Technologies, a portfolio company of Oval Partners, has added Michigan-based NetSource One to its platform as an add-on acquisition. NetSource One — which supports 700+ clients and brings more than 75 employees — will continue operating under existing leadership and strengthen New Charter’s capabilities in regulated industries and security-first services.

Net at Work, a Lovell Minnick–backed managed services provider, has acquired Kansas-based Network Computer Solutions (NCS) to expand its Midwest footprint and strengthen its managed services capabilities. The deal also transfers NCS's Nterfuse software platform to Net at Work, preserving service continuity for Nterfuse customers while providing broader support and access to Net at Work's cybersecurity, cloud, ERP and national managed services infrastructure.

An affiliate of Gemspring Capital Management has acquired TRG, a Cleveland-area provider of enterprise mobility lifecycle management and integrated cybersecurity solutions. TRG founder and CEO Sean Kennedy, the Kennedy family, and the existing management team retain a significant ownership stake; Gemspring said it will provide capital and operational resources to support continued growth and strategic acquisitions.

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.

The Communardo Group has acquired Dutch Atlassian Platinum Solution Partner Prepend, marking Communardo's entry into the Benelux region. The acquisition — supported by funds advised by BU Bregal Unternehmerkapital — keeps the entire Prepend team on board and aims to accelerate growth, realize synergies and strengthen Communardo's pan-European position in the Atlassian ecosystem.

Park Place Technologies has completed a merger with Service Express to form a global leader in data center and IT infrastructure services, operating under the Park Place Technologies name with global headquarters in Cleveland, Ohio. The combined company serves more than 20,000 customers, has over 3,000 employees worldwide, and aims to expand capabilities across traditional, cloud, and AI-accelerated environments.

Com Laude, the London-headquartered corporate domain services provider owned by PX3 Partners, has completed its acquisition of U.S. corporate domain registrar Markmonitor from Newfold Digital, combining the businesses under the new Markmonitor Group with an initial enterprise value of about $450 million. The combined company will maintain regional headquarters in Boise, London, and Tokyo, employ staff across 16 countries, and offer a full-service suite for corporate domain portfolio management, brand protection, TLD strategy, and related advisory services.

CoreX, a ServiceNow Elite consulting platform backed by NewSpring, has acquired InSource's ServiceNow business unit, with the transaction closing in late December 2025. The deal brings InSource's 1,500+ ServiceNow implementations and strong CSAT to CoreX, more than doubling CoreX's U.S. headcount and expanding delivery capacity and capabilities across North America and Latin America.

AXAITRA Group, a Munich-based Microsoft-focused cloud and AI platform backed by Greenpeak Partners, has integrated Stellium, a Swiss Microsoft and enterprise AI consultancy headquartered in Nyon. Stellium will continue to operate independently while leveraging AXAITRA's platform to scale its AI-first Microsoft transformation model across Europe.

Broadwing Capital, a Dallas-based private equity firm, has acquired CloudScale365 as the inaugural investment in its new IT managed service provider (MSP) platform. CloudScale365 is a Nashville-based provider of managed IT, cloud, hosting, and security solutions for small and medium-sized businesses; the founder will transition to a consulting role and Bret Kidd was named CEO as the company pursues expansion in AI, cybersecurity, and infrastructure.

AVANT, a Chicago-based technology services distributor and sales-enablement platform for Trusted Advisors, received a strategic growth investment from Court Square Capital Partners with a reinvestment from existing partner Pamlico Capital. The founders and executive leadership retain significant ownership and will continue to run the business as the new capital will be used to scale AVANT's platform, capabilities, and support continued growth initiatives.

Aretum has acquired Veterans Engineering, a Rockville, Maryland-based federal technology solutions provider, to strengthen Aretum's cloud, cybersecurity, and digital transformation offerings across defense, intelligence, and civilian agencies. The transaction was backed by Renovus Capital Partners and will have Veterans Engineering operate as a wholly owned subsidiary of Aretum as part of the firm's continued platform growth and capability expansion.

Synergy ECP, a Columbia, Maryland-based federal IT and cybersecurity provider, has acquired NetServices, a nearly 30-year provider of secure technology solutions for defense, intelligence, and federal civilian customers. The transaction was supported by Synergy ECP's financial partner Falfurrias Management Partners and expands Synergy's technical capabilities across cloud migration, Zero Trust, DevSecOps, AI/ML, and enterprise IT operations.

Communardo Group has acquired Atlassian and DevOps specialist SWNetwork, integrating the SWNetwork team to strengthen Communardo's DevOps capabilities and accelerate consulting and solution delivery. The move is an add-on acquisition supporting Communardo's growth strategy, which is backed long-term by funds advised by BU Bregal Unternehmerkapital.

Xoriant, a ChrysCapital-owned global digital engineering firm, has acquired Latvia-headquartered software quality engineering provider TestDevLab. The deal strengthens Xoriant's European footprint (Baltics and North Macedonia delivery centers) and expands its AI-driven quality engineering capabilities across test automation, performance, multimedia/UX testing and AI model validation.

VTG, a Virginia-based national security solutions provider backed by A&M Capital Partners, has acquired Miklos Systems, Inc. (MSI), a Fairfax, Virginia software and systems engineering firm that serves the Intelligence Community. The deal brings MSI's employee-owned engineering, cloud, cybersecurity, and data science capabilities into VTG to deepen technical capabilities and scale mission-focused services for defense and intelligence customers.

Rootstock Software has acquired Praxis Solutions, LLC, a Salesforce consulting and implementation firm. Praxis founder Ohad Idan will join Rootstock as Vice President of Product and the Praxis consulting team will be integrated into Rootstock’s Global Professional Services to deepen Salesforce ecosystem expertise and expand professional services capacity.

Corsica Technologies (an Inverness Graham portfolio company) has acquired AccountabilIT, a Scottsdale-based managed IT and cybersecurity firm backed by WestView Capital Partners. The deal is an add-on to Corsica's platform that expands its AI-enabled managed services, Microsoft expertise, and national cybersecurity footprint, bringing the combined company to more than 100,000 protected endpoints.

Thrive, a PE-backed global technology outsourcing provider, has acquired Worksighted, a Holland, Michigan–based managed IT services firm. The deal expands Thrive’s Midwest presence and adds Worksighted’s personalized MSP, cybersecurity, and cloud capabilities to Thrive’s platform as an add-on acquisition.

Thrive, a global technology outsourcing provider, has acquired Worksighted, a Michigan-based managed IT services provider. The deal expands Thrive’s footprint into the Central U.S./Midwest and adds Worksighted’s personalized MSP and security capabilities to Thrive’s platform of managed IT, cybersecurity and cloud services.

Convergence Networks, backed by Riverside Partners, has acquired Clear Concepts, a Winnipeg-based IT services firm known for Microsoft 365 and Azure expertise. The deal adds more than 65 employees to Convergence Networks, expands its Canadian footprint, and strengthens its security-first managed services and Microsoft capabilities across 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.

Entech, a Florida-based managed IT, AI, and cybersecurity services provider (backed by Prospect Partners), has acquired LAN Infotech, an award-winning IT services and Microsoft Cloud provider headquartered in Fort Lauderdale. The acquisition expands Entech’s footprint across South Florida and adds managed services, next-generation cybersecurity, and vertical expertise in legal, healthcare, and nonprofit markets.

Conclusion, through its subsidiary Yellowtail Conclusion, has acquired digital agency Faraday to strengthen its digital design and AI capabilities for the financial sector. The deal expands the NPM Capital-backed Conclusion group’s ability to deliver integrated data, design and AI-driven customer experiences for banks, insurers and pension providers.

Stratix Corporation, a leading provider of Managed Mobility Services, acquired Mobility CG to expand carrier partnerships, device logistics, and lifecycle management capabilities across North America. The transaction broadens Stratix's enterprise and public‑sector offering by combining Mobility CG's carrier expertise with Stratix's OEM relationships and 24x7x365 support.

Network Coverage, a managed service provider backed by Tenex Capital Management, has acquired ACA Computers, a 21-year provider of managed IT services. Peapack Private Investment Banking advised ACA's selling shareholders JP Pladek and Paul Schmalz; financial terms were not disclosed. The deal expands Network Coverage's capabilities and geographic reach in delivering managed IT, cybersecurity and cloud services to mid-market clients.

Omega Systems, a managed IT and cybersecurity provider, has acquired PEAKE Technology Partners, a Bowie, Maryland-based healthcare managed services provider, to deepen its HIPAA compliance, EHR and clinical AI capabilities and expand its Mid-Atlantic healthcare footprint. The deal is Omega's first acquisition since partnering with Revelstoke Capital Partners in January 2025 and is intended as an add-on to accelerate healthcare-focused managed services growth.

Funds managed by affiliates of Apollo completed the acquisition of Trace3 from American Securities, with American Securities retaining a significant minority equity interest. The transaction will support Trace3's accelerated growth and capability expansion across AI, cloud, data & analytics, and cybersecurity.

Tenex Capital Management has made a growth investment in Sentinel Technologies, a Chicago-based provider of IT solutions, managed services, and managed security services. The investment closed on November 3, 2025; Sentinel, which employs nearly 700 people, will use the capital to accelerate growth and expand its service capabilities across education, healthcare, government, financial services, and other end markets.

Net at Work, a North American technology advisor, has acquired LLB Partners, an ERP consulting firm founded in 1984 that supports Sage 100, Sage Intacct and Acumatica. The deal expands Net at Work's consulting, development and helpdesk capabilities and provides LLB's 300+ clients access to Net at Work's broader resources and services.

Transparity, a Bowmark-backed Microsoft partner, has acquired Xpedition to combine two leading UK Microsoft practices and create a larger Microsoft-focused services group. The deal brings together more than 350 technical experts and expands Transparity’s capabilities across Microsoft Business Applications, Data & AI, Infrastructure, Security and Modern Work to support customers’ digital transformation and AI initiatives.

Altimetrik has completed its acquisition of SLK Software, combining Altimetrik's AI-first, data-led engineering capabilities with SLK's strengths in digital operations, intelligent infrastructure, automation and quality engineering. The combined company will operate under the SLK brand as "SLK, an Altimetrik company," creating a global digital engineering organization serving enterprise clients across financial services, insurance, manufacturing and other industries.

Caylent has acquired Trek10 Inc., combining Caylent’s migration, modernization and AI capabilities with Trek10’s CloudOps and managed services to form an end-to-end AWS-focused services provider. The transaction was supported by Caylent’s private equity partner Gryphon Investors, with Lazard serving as exclusive financial advisor to Trek10.

Atomic Data, a Minneapolis-based IT services provider, has acquired Venue Wireless, a specialist in large-venue wireless and IT deployments. The deal is an add-on acquisition that expands Atomic Data's capabilities to deliver high-density wireless, security, and infrastructure solutions for stadiums, arenas, airports, and other large public venues.

SkySparc, a PE-backed provider of digital transformation solutions for finance and treasury, has acquired Inovotek Solutions, a specialist provider of capital markets transformation services. The deal expands SkySparc’s delivery and domain capability across Murex, Calypso and FIS platforms and combines Inovotek’s program management expertise with SkySparc’s OmniFi-powered analytics and managed services.