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New Deal


Announced

OceanSound Partners-backed Netrix to acquire the managed IT services business unit of Contegix.

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

United States

Acquisition

Pending

Private

Single Bidder

Friendly

Domestic

Private Equity

IT Services: Other

information technology

Synopsis

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OceanSound Partners-backed Netrix, a provider of managed and professional IT services, agreed to acquire the managed IT services business unit of Contegix, a provider of cloud, application lifecycle management, and managed services. Financial terms were not disclosed. "I’m very excited to welcome our new team members and customers to the Netrix family. Together, we have combined two best-in-class solution providers with complementary service offerings, technology expertise and geographic footprints. This acquisition greatly expands Netrix’s managed services offerings and cloud capabilities and enhances our market position as the go-to provider for small and midsize enterprise customers in need of sophisticated IT solutions," Rob Dang, Netrix CEO.

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