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New Deal


Announced

Completed

VSS-backed Coretelligent completed the acquisition of Soundshore Technology Group.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Majority

Single Bidder

IT managed services

Private Equity

United States

IT Services: Other

Domestic

Friendly

Private

Acquisition

Completed

Synopsis

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Veronis Suhler Stevenson-backed Coretelligent, a provider of comprehensive managed IT, security and unified cloud management services, completed the acquisition of Soundshore Technology Group, a managed services IT firm. Financial terms were not disclosed. "We’re delighted to welcome the Soundshore team and their world-class clientele to the Coretelligent family. The shared commitment to delivering a superlative IT experience to our collective clients made bringing the two firms together a natural decision. The acquisition of STG greatly compliments and further strengthens Coretelligent’s iron-clad platform and unparalleled expertise in the Financial Services Sector," Kevin J. Routhier, Coretelligent Founder, President, and CEO.

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