Recent IT Services Acquisitions in Kentucky
Acquisition Volume in IT Services in Kentucky by Year
Last 5 years
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- Buyer
- Xerox Holdings Corporation
- Target
- Lexmark International, Inc.
- Seller
- Ninestar Corporation, PAG Asia Capital, Shanghai Shouda Investment Centre
- Industry
- IT Services
- Location
- Kentucky, United States
- Type
- Buyout
Xerox Holdings has completed its $1.5 billion acquisition of Lexmark International from Ninestar Corporation, PAG Asia Capital, and Shanghai Shouda Investment Centre. The combination expands Xerox’s print and managed print services portfolio and strengthens its global manufacturing, distribution, and end-to-end workplace solutions offering.
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February 1, 2023
- Buyer
- Bluewave Technology Group, LLC, Columbia Capital
- Target
- Single Point Communications Group, LLC (SinglePoint)
- Seller
- Soterra Capital
- Industry
- IT Services
- Location
- Kentucky, United States
- Type
- Addon
Bluewave Technology Group has acquired Single Point Communications Group (SinglePoint), a Louisville-based IT consulting and advisory agency, expanding Bluewave's footprint in Kentucky and strengthening capabilities in cloud, DRaaS and data center solutions. The deal, executed as part of Bluewave's growth plan with investor Columbia Capital, brings additional scale (Bluewave now has ~140 employees) and keeps prior sponsor Soterra Capital engaged to help grow the Bluewave ecosystem.
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November 16, 2022
- Buyer
- Centerbridge Partners, L.P., Bridgeport Partners
- Target
- Computer Services, Inc. (CSI)
- Industry
- IT Services
- Location
- Kentucky, United States
- Type
- Buyout
Computer Services, Inc. (CSI) was acquired in an all-cash transaction valued at approximately $1.6 billion ($58.00 per share) by private equity firms Centerbridge Partners, L.P. and Bridgeport Partners. The deal closed in November 2022, and CSI became a private company with its stock delisted from the OTCQX market.
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November 9, 2022
- Buyer
- Catalyst Top Parent, Inc., Catalyst Merger Sub, Inc., Centerbridge and Bridgeport
- Target
- Computer Services, Inc.
- Industry
- IT Services
- Location
- Kentucky, United States
- Type
- Buyout
Computer Services, Inc. (CSI) shareholders approved the merger agreement under which Catalyst Merger Sub will merge with and into CSI, with CSI surviving as a wholly-owned subsidiary of Catalyst Top Parent, Inc. The transaction was expected to close in mid-November 2022 (about Nov. 15) subject to customary conditions, following the previously announced $1.6 billion go-private deal.
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November 1, 2022
- Buyer
- Bluewave Technology Group
- Target
- Virtual Telecomm
- Industry
- IT Services
- Location
- Kentucky, United States
- Type
- Buyout
Bluewave Technology Group has acquired Virtual Telecomm, a Louisville-based telecom and IT infrastructure advisory agency. The founders of Virtual Telecomm — Mark White, Michael White, and Jason Hulsewede — will join Bluewave as equity partners and Ambassadors to support client success and Bluewave's continued growth.
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September 20, 2022
- Buyer
- Eir Partners
- Target
- Helpware
- Industry
- IT Services
- Location
- Kentucky, United States
- Type
- Recapitalization
Eir Partners, a Miami-based private equity firm, completed a majority recapitalization of Helpware, a Lexington, Kentucky-headquartered provider of digital customer experience, content control/verification and AI services. The recapitalization will support Helpware’s product investment and organic and inorganic growth as the company scales its global delivery model across fintech, e-commerce/retail, consumer services and healthcare verticals.
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- Buyer
- Thomas H. Lee Partners, L.P. (THL), Abu Dhabi Investment Authority (ADIA)
- Target
- MHS Global, Fortna
- Industry
- IT Services
- Location
- Kentucky, United States
- Type
- Buyout
MHS Global and Fortna will combine to create a multinational logistics automation company offering parcel, warehouse/distribution, and lifecycle services. THL will remain the majority owner, while ADIA will acquire a significant minority stake to support the combination.
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- Buyer
- Cohere Capital
- Target
- Promevo
- Industry
- IT Services
- Location
- Kentucky, United States
- Type
- Growth capital
Boston-based private equity firm Cohere Capital has made a strategic growth investment in Promevo, a Burlington, Kentucky-based provider of Google Workspace, Chrome, and Google Cloud Platform services and software (including its gPanel management product). The capital will support Promevo’s expansion of service offerings and further development of software and solutions for customers operating on the Google technology ecosystem.
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February 22, 2021
- Buyer
- SinglePoint Solutions, Soterra Capital
- Target
- EngagedPro
- Industry
- IT Services
- Location
- Kentucky, United States
- Type
- Addon
Soterra Capital-backed SinglePoint Solutions has acquired EngagedPro and combined the businesses under SinglePoint Communications Group to expand its IT and telecom solutions offering. The acquisition is intended to accelerate market entry, broaden service capabilities, and scale strategic engagements for both companies' customers.
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December 14, 2015
- Buyer
- Data Strategy
- Target
- boice.net
- Industry
- IT Services
- Location
- Kentucky, United States
- Type
- Buyout
Data Strategy has acquired boice.net and finalized a merger to create one of the Midwest's largest datacenter consulting organizations. The combined company will operate from six offices across four states (headquartered in Grand Rapids, Michigan), expand managed services (including a 24x7x365 NOC), and broaden capabilities across cloud, security, storage and infrastructure with roughly 200 employees and sharpened vertical focus across government, education, financial services, healthcare, manufacturing and retail.
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