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New Deal


Announced

Completed

Acora completed the acquisition of Westgate IT.

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

Digital Services

IT managed services

United States

Single Bidder

Private

Acquisition

Domestic

Friendly

Completed

Synopsis

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Acora, a software solutions provider, completed the acquisition of Westgate IT, an IT managed solutions provider. Financial terms were not disclosed. “We have been tracking Westgate for some time for their exciting young team, who we plan to invest in and develop further as part of Acora. In addition, the customers and markets with whom Westgate have deep relationships, align well with Acora’s existing sector focus and we believe their client base will benefit from Acora’s scale, its wider set of capabilities and the investments we have made in our world-class service delivery," David Rabson, Acora CEO.

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