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New Deal


Announced

Norwest-backed Coretelligent to acquire Chateaux.

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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technology services

Pending

IT Services: Other

Acquisition

Private

Majority

Friendly

Single Bidder

Domestic

United States

Private Equity

Synopsis

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Norwest-backed Coretelligent, a provider of comprehensive managed IT solutions, agreed to acquire Chateaux, a technology services company. Financial terms are not disclosed. "We would like to welcome Chateaux and their clients to the Coretelligent family. The decision to bring our firms together was born out of recognizing our shared values, our mutual dedication to providing an extraordinary customer experience, our comparable verticalized expertise, and the complementary nature of our services and solutions. This investment expands the services and solutions we can offer our collective clients by delivering full IT integration for consistent, high-quality service to drive growth and innovation and produce efficiencies," Kevin J. Routhier, Coretelligent Founder, President, and CEO.

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