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New Deal


Announced

Completed

Harvest Partners-backed Service Express completed the acquisition of Blue Chip.

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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third-party maintenance

Acquisition

United Kingdom

Majority

Private Equity

Cross Border

Private

Friendly

Single Bidder

Computer Hardware

Completed

Synopsis

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Harvest Partners-backed Service Express, a firm providing third-party, post-warranty data center maintenance services, completed the acquisition of Blue Chip, a third-party maintenance and managed services company. Financial terms were not disclosed. "Our acquisition of Blue Chip in many ways formalizes the two companies' existing multi-year partnership. Our culture of growth, employee engagement, and differentiated customer experience aligns well with Blue Chip's great reputation for building a talented and dedicated team that places customers at the heart of their service. The addition of Blue Chip enables our joint vision of growing a global portfolio to provide the best experience for our customers, partners and employees," Ron Alvesteffer, Service Express President and CEO.

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