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New Deal


Announced

Evernex to acquire XSi.

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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Acquisition

Majority

it services

IT Services: Other

Friendly

Domestic

Single Bidder

Pending

United States

Private

Synopsis

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Evernex, a provider of network integration and information technology life science services, agreed to acquire XSi, an IT services and IT consulting provider. Financial terms were not disclosed. “As our second acquisition in the United States, this strategic step demonstrates our ambition to strengthen and grow our presence in a rapidly growing TPM market. Over the course of our discussions with the company, we were impressed by the strong entrepreneurial spirit that radiated from the team. It became clear that coupled with our capabilities, such as our digital platform, global reach, expertise, and logistics, XSi can be a driving force to help us achieve market dominance in the US," Stanislas Pilot, Evernex President and CEO.

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