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New Deal


Announced

Completed

Thrive completed the acquisition of ONI.

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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United Kingdom

Digital Services

Majority

cloud solutions

Single Bidder

Acquisition

Private

Cross Border

Completed

Friendly

Synopsis

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Thrive, a premier provider of NextGen Managed Services, completed the acquisition of ONI, a provider of IT solutions and services. Financial terms were not disclosed. "ONI is a tremendous IT managed services company with deep Cisco WAN, Unified Communication and Cloud expertise. We were attracted to ONI due to their strong management team, led by CEO Kevin Kivlochan, attractive customer base, and desirable geographic location, just north of London. Thrive plans to add our robust Microsoft and cyber security capabilities to assist the ONI clientele, and we're very excited to utilize their expert WAN engineering team to drive additional value to Thrive's client base," Rob Stephenson, Thrive CEO.

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