IT Services Acquisitions in Pennsylvania

Pennsylvania IT Services Deal Themes

IT services acquisitions in Pennsylvania commonly center on expanding delivery capacity—whether through managed services, cybersecurity and infrastructure, or specialized enterprise platforms like ServiceNow and OneStream. Across recent transactions, buyers also look for deeper customer and implementation expertise, often by adding teams, certifications, and proprietary tools.

Private equity–backed operators such as Magna5 (with NewSpring Holdings) and Net at Work pursue platform growth via add-ons and capability expansion. Other buyers, including Netrix Global, CoreX, and Bluewave Technology Group, emphasize integration of services (for example, cloud, collaboration, procurement or advisory) to strengthen their regional and North America delivery footprint.

These deals also reflect a recurring pattern of “capability-first” acquisitions—bringing in implementation practices and domain focus (like ERP, planning, or IT advisory) rather than only purchasing customer lists. Many transactions close in late-year or early-year windows, with terms and financial details often not disclosed.

What Stands Out

  • Managed services and cybersecurity expansion shows up repeatedly, including MSP/MSSP-oriented platforms like Omega Systems and managed IT providers such as Next7 IT and Shock I.T. Support.
  • Platform and implementation specialization is a key theme: acquisitions tied to ServiceNow (CoreX’s InSource unit; the Pathways/Sollus merger) and OneStream (Nova Advisory’s TLC Technologies deal) appear prominently.
  • Buyers frequently add delivery capacity by acquiring teams and certified talent, such as CoreX’s expanded ServiceNow implementation capacity and Nova Advisory’s OneStream-certified architects.
  • Geographic focus stays anchored in Pennsylvania while deals extend broader coverage, including Northeast/Mid-Atlantic/Southeast reach and North America plus Latin America delivery in at least one case.
Buyer type Examples from Pennsylvania deals
Platform PE-backed operators Magna5 (NewSpring), Nova Advisory (Century Park)
ServiceNow / ERP specialists CoreX, Pathways Consulting Group, Net at Work
MSP/MSSP and infrastructure providers Netrix Global, Evergreen, Revelstoke Capital Partners
  • Buyer
    Stratus Team, LLC
    Target
    Kestrel Engineering Group
    Industry
    IT Services
    Type
    Buyout

    Stratus Team, LLC has acquired Kestrel Engineering Group, expanding Stratus’ geographic reach into the Northwest and Upper Midwest while deepening its industrial process facilities engineering capabilities. The combined teams will provide multi-discipline engineering and project delivery across the full project lifecycle for energy, oil and gas, metals, and chemicals clients, with Kestrel’s teams remaining in place.

  • Buyer
    AEA Investors
    Target
    Magna5
    Seller
    NewSpring Holdings (NewSpring)
    Industry
    IT Services

    AEA Investors’ Small Business Private Equity team made a majority investment in Magna5, a managed IT services and cybersecurity provider headquartered in Canonsburg, Pennsylvania. The transaction was completed alongside significant reinvestment from Magna5 management, with terms undisclosed, and is aimed at scaling Magna5’s national platform while expanding cybersecurity, compliance, and AI-enabled capabilities.

  • Buyer
    CoreX, NewSpring (NewSpring Holdings / NewSpring Capital)
    Target
    InSource (ServiceNow business unit)
    Seller
    InSource, Inc.
    Industry
    IT Services
    Type
    Addon

    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.

  • Buyer
    Netrix Global
    Target
    Ricoh USA IT Services business (ITS)
    Seller
    Ricoh USA, Inc.
    Industry
    IT Services

    Netrix Global has acquired the U.S.-based IT Services business (ITS) of Ricoh USA, Inc., expanding Netrix's managed services, cloud, infrastructure and collaboration offerings and broadening its geographic reach across the Northeast, Mid-Atlantic and Southeast. The deal brings Ricoh's ITS team and customer base into Netrix's cybersecurity and digital transformation platform and is intended to increase scale, technical specialization, and investment in product and talent.

  • Buyer
    Net at Work
    Target
    LLB Partners
    Industry
    IT Services
    Type
    Buyout

    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.

  • Buyer
    Evergreen, Lyra Technology Group
    Target
    Next7 IT
    Industry
    IT Services
    Type
    Addon

    Evergreen has acquired Next7 IT, a 26-person managed service provider based in Pittsburgh, Pennsylvania. Next7 IT will operate under Lyra Technology Group (Evergreen’s MSP portfolio), with COO David Stumph succeeding founder Don Houk as CEO while Houk retires.

  • Buyer
    GreyLion Partners LP, Denali Growth Partners
    Target
    Slipstream IT
    Industry
    IT Services

    GreyLion Partners LP led a growth investment in Slipstream IT, with existing investor Denali Growth Partners participating alongside them. The capital will fund Slipstream’s continued expansion of cloud, CRM, R&D/commercial, AI and information-management capabilities, and support organic growth and potential add-on acquisitions; terms were not disclosed.

  • Buyer
    Doceo
    Target
    Print Technology Division of Graffen Business Systems
    Seller
    Graffen Business Systems
    Industry
    IT Services

    Doceo, a York, Pennsylvania–based business technology provider, acquired the Print Technology Division of Philadelphia-based Graffen Business Systems. The acquisition transfers Graffen’s print clients and staff to Doceo as Graffen sharpens its focus exclusively on IT, while Doceo deepens its Philadelphia presence and print-service capabilities across the Mid‑Atlantic.

  • Buyer
    Nova Advisory, Century Park Capital Partners
    Target
    TLC Technologies
    Industry
    IT Services
    Type
    Addon

    Nova Advisory, a OneStream Diamond Partner and portfolio company of Century Park Capital Partners, has acquired TLC Technologies, a Platinum OneStream implementation partner based in Bethlehem, Pennsylvania. The deal expands Nova's delivery capacity (bringing the combined team to over 20 OneStream-certified architects), broadens its geographic footprint across North America, and integrates TLC's proprietary NorthStar planning solution into Nova's offerings.

  • Buyer
    Magna5, NewSpring Holdings
    Target
    Shock I.T. Support
    Industry
    IT Services
    Type
    Addon

    Magna5, a NewSpring Holdings platform company, has acquired Shock I.T. Support, a regional managed IT, cybersecurity and network infrastructure provider based in Bristol, Pennsylvania. The add-on expands Magna5's Mid-Atlantic footprint and adds network and wireless design/installation capabilities as well as a customer base concentrated in home services and biopharma.

  • Buyer
    Bluewave Technology Group
    Target
    AVAIL Technology Solutions (advisory business)
    Seller
    AVAIL Technology Solutions
    Industry
    IT Services

    Bluewave Technology Group has acquired the advisory division of AVAIL Technology Solutions, expanding Bluewave's presence in the U.S. Northeast and adding AVAIL's expertise in technology procurement and brokered telecom advisory. The deal integrates AVAIL's advisory capabilities across cloud, network, CX, and security into Bluewave's broader technology advisory and sourcing platform to better serve enterprise clients.

  • Buyer
    Pathways Consulting Group
    Target
    Sollus
    Industry
    IT Services
    Type
    Buyout

    Pathways Consulting Group announced its merger with Sollus to create a larger ServiceNow-focused organization under the Pathways umbrella. The combined entity will deliver in-house ServiceNow expertise and expanded offerings, including an elevated 2025 CSM solution with AI-driven insights and ChatGPT-powered support.

  • Buyer
    Revelstoke Capital Partners
    Target
    Omega Systems
    Seller
    Pfingsten
    Industry
    IT Services
    Type
    Buyout

    Revelstoke Capital Partners has acquired Omega Systems from Pfingsten in a transaction that closed on January 15, 2025. Omega Systems, headquartered in Reading, Pennsylvania, is a managed IT services and cybersecurity (MSP/MSSP) provider serving regulated industries; Revelstoke plans to accelerate Omega's organic and inorganic growth and expand its managed services capabilities.

  • Buyer
    Renovus Capital Partners
    Target
    Performive
    Industry
    IT Services
    Type
    Buyout

    Renovus Capital Partners has made a majority (control) investment in Performive, a managed IT services provider focused on cloud, infrastructure, and cybersecurity for mid-market enterprises. The capital will be used to accelerate product innovation, enhance customer experience, build the team, and pursue add-on acquisitions as Performive becomes Renovus' first platform from its Renovus IV fund.

  • Buyer
    ATSG, RunTide Capital, Morgan Stanley Private Equity Secondaries
    Target
    Evolve IP
    Industry
    IT Services
    Type
    Addon

    ATSG, a RunTide Capital-backed managed services platform, has completed a combination with Evolve IP, with ATSG retaining a controlling majority. Investment funds managed by Morgan Stanley Private Equity Secondaries, through a vehicle managed by RunTide Capital, provided equity financing for the transaction; the combined company will have more than $230 million in revenue and serve approximately 1,700 customers and 950,000 end-users.

  • Buyer
    Frontenac
    Target
    Ideal Integrations
    Industry
    IT Services

    Chicago-based private equity firm Frontenac has completed a recapitalization of Pittsburgh-based managed services and cybersecurity provider Ideal Integrations, partnering with founder and CEO Michael Stratos to accelerate organic growth and pursue strategic acquisitions. Nelson Eng, a Frontenac CEO1ST partner, joined Ideal Integrations' board as chairman; financial terms were not disclosed.

  • Buyer
    Goldman Sachs Alternatives (Private Equity business)
    Target
    TAIT
    Seller
    Affiliates of Providence Equity Partners
    Industry
    IT Services
    Type
    Buyout

    TAIT announced that the Private Equity business at Goldman Sachs Alternatives will acquire a majority stake in the company from affiliates of Providence Equity Partners, subject to customary regulatory approvals. Financial terms were not disclosed, and TAIT management will continue to lead the business and retain significant ownership.

  • Buyer
    Alerify, Inc.
    Target
    Hosting and Internet services business (datacenter/colocation) of Elevated MSP, LLC
    Seller
    Elevated MSP, LLC
    Industry
    IT Services

    Alerify, Inc. has acquired the assets of the Hosting and Internet services business (datacenter/colocation) of Elevated MSP, LLC, effective July 1, 2024. The seller will continue to support the transition through engineering partnership while Alerify—led by founder and CEO Andrew P. Kochanowski—aims to grow hosting and colocation services in South Central Pennsylvania.

  • Buyer
    UST
    Target
    Endeavor Consulting Group
    Industry
    IT Services
    Type
    Buyout

    UST, a global digital transformation and IT services firm, has acquired Endeavor Consulting Group, a Wayne, Pennsylvania–based life sciences supply chain and SAP consulting firm. The acquisition strengthens UST's life sciences and SAP capabilities, enhancing ERP, quality management, supply chain and product commercialization offerings for pharmaceutical, biopharma and medical device clients.

  • Buyer
    ListEngage
    Target
    1to1
    Industry
    IT Services
    Type
    Buyout

    ListEngage, a Salesforce-focused consultancy and Broadtree portfolio company, has signed a definitive agreement to acquire 1to1, a Salesforce personalization consulting agency led by Pratik Desai. The acquisition expands ListEngage’s Marketing Cloud personalization, integration and AI-driven capabilities to better serve enterprise customers across the Salesforce ecosystem.

  • Buyer
    CBIZ, Inc.
    Target
    CompuData, Inc.
    Industry
    IT Services
    Type
    Buyout

    CBIZ, Inc. acquired CompuData, Inc., a Philadelphia-based technology solutions provider, effective March 1, 2024. CompuData (founded 1971) provides cloud computing, accounting ERP support, managed IT and security services, has about 60 employees and roughly $20 million in annual revenue; the acquisition expands CBIZ's technology and managed services capabilities for its small- and mid-market clients.

  • February 5, 2024
    Buyer
    Capgemini
    Target
    LiquidHub
    Industry
    IT Services
    Type
    Buyout

    Capgemini has agreed to acquire LiquidHub, a Philadelphia-based digital customer engagement firm, to strengthen its digital consulting and customer experience capabilities in North America. The deal (announced February 5, 2018) aligns with Capgemini's strategy to accelerate its Digital & Cloud portfolio in the region and is reported at roughly two times LiquidHub's 2017 revenues (~€200m).

  • Buyer
    Coretelligent
    Target
    Advanced Network Products (ANP)
    Industry
    IT Services
    Type
    Addon

    Coretelligent, a Norwest Equity Partners–backed managed IT services provider, has acquired Advanced Network Products (ANP), a Philadelphia-based managed service provider. The add-on expands Coretelligent's Mid‑Atlantic presence and strengthens its Microsoft/Azure, security, and managed services capabilities for clients in financial services, healthcare, and professional services.

  • Buyer
    Salt Creek Capital, Pratik Roychoudhury (management)
    Target
    IT Assist, Inc.
    Industry
    IT Services

    Salt Creek Capital completed a recapitalization of IT Assist in partnership with CEO Pratik Roychoudhury, providing liquidity for investors and capital to support continued growth. IT Assist is a leading TeamLogic IT franchise operator managing 15 territories from six locations and employs over sixty staff, offering outsourced technology and IT consulting services in the Philadelphia and Raleigh markets.

  • Buyer
    Meriplex
    Target
    Systems Solution, Inc. (SSI)
    Industry
    IT Services
    Type
    Buyout

    Meriplex, a nationwide managed technology solutions provider based in Houston, has completed an asset acquisition of Pennsylvania-based managed service provider Systems Solution, Inc. (SSI). The deal expands Meriplex's geographic footprint and capabilities in managed IT and cybersecurity for small- and mid-sized businesses across verticals such as senior living and legal.

  • Buyer
    Pivotal Drive, Century Park Capital Partners
    Target
    Nova CPM
    Industry
    IT Services
    Type
    Addon

    Pivotal Drive, a portfolio company of Century Park Capital Partners, has completed a strategic merger with OneStream partner Nova CPM. The transaction—Pivotal Drive's first acquisition—doubles the combined firm's size and expands its OneStream implementation and managed‑services capabilities across the U.S., Mexico and Canada.

  • Buyer
    Encora, Advent International, Warburg Pincus
    Target
    Excellarate
    Seller
    Frontenac
    Industry
    IT Services
    Type
    Buyout

    Encora, a global product engineering services provider backed by private equity, has acquired Excellarate, a Wayne, Pennsylvania–based technology services firm formerly owned by Frontenac. The deal expands Encora's capabilities in AI, analytics, automation and deepens its industry expertise in HealthTech, FinTech and InsurTech while adding Excellarate's ~1,300 engineers and client relationships.

  • Buyer
    Ark Technology Companies (Ark Technologies Companies, Inc.)
    Target
    VerisVisalign
    Industry
    IT Services
    Type
    Buyout

    Ark Technology Companies has acquired VerisVisalign, a Blue Bell, Pennsylvania-based Microsoft partner specializing in cloud transformation, managed services, and project delivery. The deal expands Ark's Microsoft cloud capabilities and geographic presence in the mid-Atlantic, and was facilitated by ITX; terms were not disclosed.

  • Buyer
    11:11 Systems, Tiger Infrastructure Partners
    Target
    Sungard Availability Services (Recovery Services business), Sungard Availability Services (Cloud and Managed Services business)
    Seller
    Sungard Availability Services
    Industry
    IT Services

    11:11 Systems has completed the acquisitions of Sungard Availability Services’ Recovery Services business and Cloud and Managed Services (CMS) business, integrating the brands into 11:11’s suite of cloud, connectivity and security solutions. The deal — executed with backing from Tiger Infrastructure Partners — expands 11:11’s capabilities and customer footprint, positioning the company as a market leader in managed infrastructure and resilience services.

  • Buyer
    Modus Create
    Target
    Promptworks
    Industry
    IT Services
    Type
    Buyout

    Modus Create, a digital transformation consulting firm, has acquired Promptworks, a Philadelphia-based product and application development firm with expertise in retail, healthcare and life sciences. The deal strengthens Modus Create's product development capabilities and establishes a foothold in the Philadelphia market; Promptworks CEO Greg Sterndale and other senior executives will join Modus Create as advisors.

  • Buyer
    Bridgepointe Technologies, Charlesbank Capital Partners
    Target
    Cannon Group
    Seller
    Chris Cannon / Cannon Group shareholders
    Industry
    IT Services
    Type
    Addon

    Bridgepointe Technologies has acquired Cannon Group, a provider of technology lifecycle management, telecom/expense management, strategic sourcing and transition management services. The acquisition (an add-on to Bridgepointe, a portfolio company of Charlesbank Capital Partners) expands Bridgepointe's capabilities and geographic coverage in the Mid-Atlantic and Midwest and adds roughly a 46–50 person professional services team.

  • Buyer
    Magna5, NewSpring Holdings
    Target
    Interphase Systems, Inc.
    Industry
    IT Services
    Type
    Addon

    Magna5, a NewSpring Holdings platform company, has acquired Interphase Systems, a Philadelphia-based managed IT services provider. The add-on expands Magna5's presence in the Philadelphia metropolitan region and strengthens its capabilities in managed IT, cybersecurity, data recovery and cloud services—notably for life sciences and financial services customers.

  • Buyer
    Inoapps
    Target
    Tier1
    Industry
    IT Services
    Type
    Buyout

    Global Oracle partner Inoapps has acquired Pittsburgh-based Tier1, an Oracle services specialist, effective August 1. The deal expands Inoapps' US footprint and bolsters its on-premise Oracle technology, applications, managed services and private cloud capabilities.

  • Buyer
    iVision
    Target
    Plus+ Consulting
    Industry
    IT Services
    Type
    Addon

    iVision (a CIVC-backed technology services company) has acquired Plus+ Consulting, a Pittsburgh-based digital transformation consultancy specializing in Microsoft Cloud and cybersecurity services. The add-on strengthens iVision's Microsoft Cloud and security capabilities and establishes a market presence in the Pittsburgh area.

  • Buyer
    Nautic Partners
    Target
    IT Solutions Consulting, Inc. (ITS)
    Seller
    ITS ESOP shareholders (employee owners)
    Industry
    IT Services

    Nautic Partners has completed a recapitalization of IT Solutions Consulting, Inc. (ITS), a Fort Washington, Pennsylvania–based managed IT services provider, in partnership with ITS management. The investment will fund technology and capability investments (including cybersecurity and cloud), support customer success and technical talent, and accelerate ITS' geographic expansion and M&A activity.

  • Buyer
    New Era Technology, Inc.
    Target
    Comstar Technologies, LLC
    Seller
    Wincove Private Holdings, LP
    Industry
    IT Services
    Type
    Addon

    New Era Technology, a global IT managed services provider, has acquired Comstar Technologies, a West Chester, Pennsylvania-based provider of cloud-based phone systems, managed IT services, network infrastructure and cabling, and building systems integration. The seller was Wincove Private Holdings, which had recapitalized Comstar in 2017 and supported several acquisitions as the company shifted toward recurring cloud-based services.

  • Buyer
    NewSpring Mezzanine (NewSpring)
    Target
    Airiam, MePush, Indigo Beam
    Industry
    IT Services

    NewSpring Mezzanine provided debt and equity to support the merger of MePush and Indigo Beam, creating Airiam, a managed IT and cybersecurity services platform headquartered in Lewisburg, Pennsylvania. Airiam, with a combined team of 80+ employees, will pursue a buy-and-build M&A strategy to expand its geographic footprint and managed security, consulting, and IT services for SMBs and local municipalities.

  • Buyer
    HBK CPAs & Consultants
    Target
    Vertical Solutions (renamed Vertilocity)
    Industry
    IT Services
    Type
    Buyout

    HBK CPAs & Consultants has acquired Pittsburgh-based managed services provider Vertical Solutions and will integrate it into its $10 million technology division under the new name Vertilocity. The deal brings Vertical Solutions' MSP expertise and offices (Pittsburgh/Bridgeville, Denver and Clark, New Jersey) into HBK's service offering to expand its IT, ERP and managed services capabilities for its professional services and healthcare clients.

  • Buyer
    Computer Design & Integration (CDI LLC), One Equity Partners (OEP)
    Target
    Candoris
    Industry
    IT Services
    Type
    Addon

    Computer Design & Integration (CDI), a One Equity Partners-backed IT solutions provider, has acquired Candoris, a Salesforce-focused technology and managed services firm based in Annville, Pennsylvania. The add-on acquisition expands CDI's digital services and Salesforce/application development capabilities and strengthens its presence in the Northeastern U.S.

  • Buyer
    Morae Global Corporation
    Target
    Adaptive Solutions, Inc.
    Industry
    IT Services
    Type
    Buyout

    Morae Global Corporation, a Houston-based digital transformation firm for the legal industry, acquired Philadelphia-based information management provider Adaptive Solutions, Inc. The deal strengthens Morae's North American delivery and managed services capabilities for document and information management (including iManage implementations) and follows new funding announced from BlackRock.

  • Buyer
    Telarus
    Target
    Chorus Communications
    Industry
    IT Services
    Type
    Buyout

    Telarus has acquired Chorus Communications, a Philadelphia-area technology consulting and master agent firm, expanding Telarus’s partner coverage and technical capabilities in the greater Philadelphia market. The acquisition brings Chorus’s team and expertise in cloud designs, wide-area network deployments, and partner services into Telarus’s nationwide master agent platform.

  • Buyer
    Pfingsten Partners
    Target
    Omega Systems Consultants, Inc.
    Industry
    IT Services

    Pfingsten Partners made a growth investment in Omega Systems Consultants, a Reading, Pennsylvania-based managed IT and cybersecurity services provider, partnering with founders Bill and Jennifer Kiritsis who retained significant equity. The investment establishes Omega as Pfingsten's platform for managed IT services and is intended to support capability expansion, geographic growth and a pursue add-on acquisition strategy.

  • Buyer
    Computer Design & Integration LLC (CDI LLC), One Equity Partners
    Target
    Kintyre Solutions, Inc.
    Industry
    IT Services
    Type
    Addon

    Computer Design & Integration LLC (CDI), a portfolio company of One Equity Partners, has acquired Philadelphia-based system integrator Kintyre Solutions, Inc. The add-on strengthens CDI's cloud-native application development, observability (Splunk), cloud optimization and DevSecOps/security engineering capabilities to expand its managed and professional services in the Mid-Atlantic and Eastern U.S.

  • Buyer
    Computer Design & Integration LLC, One Equity Partners
    Target
    High Availability, Inc.
    Industry
    IT Services
    Type
    Addon

    Computer Design & Integration LLC (a One Equity Partners portfolio company) has acquired High Availability, Inc., a Philadelphia‑area solutions provider and integrator of data center, networking, security, cloud and managed services. The add-on expands CDI's managed services and solution portfolio, adds technical depth (H.A. ~100 employees) and broadens CDI's geographic footprint.

  • Buyer
    Renovus Capital Partners, David Gulian
    Target
    Futura Mobility, LLC
    Industry
    IT Services
    Type
    Buyout

    Renovus Capital Partners provided structured capital to finance a management buyout of Futura Mobility, LLC by its CEO, David Gulian. Futura Mobility is a full-service mobile solutions and healthcare IT systems integrator; Renovus said it will partner with management to deepen technical capabilities, accelerate growth and pursue strategic/tuck-in acquisitions. Mufson Howe Hunter & Company served as sell-side advisor to Futura Mobility.

  • Buyer
    Salt Creek Capital
    Target
    IT Assist, Inc.
    Seller
    Stewart Paul, Nancy Paul
    Industry
    IT Services
    Type
    Buyout

    Salt Creek Capital has acquired IT Assist, Inc., a leading TeamLogic IT franchise operator that provides managed IT and consulting services across the greater Philadelphia metro area. Salt Creek plans to support incoming CEO Pratik Roychoudhury and the existing management team to expand the business and capitalize on rising demand for outsourced managed IT and cloud services.

  • Buyer
    TA Associates, Basil Technology Partners
    Target
    Accion Labs
    Industry
    IT Services

    TA Associates has completed a strategic growth investment in Accion Labs, joining existing investor Basil Technology Partners. The capital will support Accion's continued organic growth and M&A-driven expansion as the digital engineering firm scales its U.S. and European presence.

  • Buyer
    Frontenac, Balance Point Capital
    Target
    Prime Technology Group
    Seller
    Renovus Capital Partners
    Industry
    IT Services
    Type
    Buyout

    Frontenac, a Chicago-based private equity firm, has acquired Prime Technology Group, a Wayne, Pennsylvania-headquartered provider of outsourced application development and managed software solutions, from Renovus Capital Partners. Balance Point Capital provided a bespoke debt and equity financing package to support Frontenac's acquisition; financial terms were not disclosed. Frontenac said it will invest in strategic growth initiatives, talent and complementary software development capabilities to accelerate Prime's platform maturation and market penetration in healthcare, insurance and financial services.

  • Buyer
    Black Dragon Capital, ASI Group
    Target
    SRMS Technologies
    Industry
    IT Services
    Type
    Addon

    Black Dragon Capital has acquired SRMS Technologies, a Pennsylvania-based managed services provider to financial institutions, and merged it into ASI Group, a portfolio company and cloud-based solutions provider for the financial services industry. The combined U.S.-based business will operate under ASI Group to expand capabilities and accelerate growth across the Americas, launching with ~150 clients evenly split between Latin America and the United States.

  • November 17, 2017
    Buyer
    Magna5
    Target
    NetServe365
    Industry
    IT Services
    Type
    Addon

    Magna5, a NewSpring Holdings portfolio company, has acquired Pittsburgh-based managed services provider NetServe365 to expand Magna5's managed IT, security and cloud capabilities. The deal is an add-on to Magna5's platform and aims to strengthen security, monitoring and managed services offered to Magna5's predominantly SMB customer base.

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Frequently Asked Questions

Which IT services subsegments are most common in Pennsylvania deals?

Managed IT services and cybersecurity (MSP/MSSP), plus enterprise platform implementation and advisory—especially ServiceNow consulting and ERP/finance planning support.

Do buyers in these transactions focus on Pennsylvania-based companies only?

Many targets are Pennsylvania-based, but multiple deals are framed around expanding delivery and geographic reach beyond the state (e.g., Northeast/Mid-Atlantic/Southeast or North America, and in one case delivery capacity across North America and Latin America).

What enterprise software themes stand out across the acquisitions?

ServiceNow appears multiple times (CoreX’s acquisition of InSource’s ServiceNow unit; the Pathways/Sollus merger). OneStream and ERP/finance ecosystems also show up (Nova Advisory’s OneStream work; LLB Partners’ Sage and Acumatica support).

Are acquisition terms and financial details typically disclosed?

Not consistently—several transactions note that financial terms were not disclosed.

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