Announced
Completed
Financials
Tags
Private
Friendly
it services
IT Services: Other
Single Bidder
Majority
Private Equity
Acquisition
United States
Domestic
Completed
Synopsis
Tower Arch-backed Intelligent Technical Solutions completed the acquisition of Granite Computer Solutions, BrightWire Networks, Ox Power Computing Service, ProTechnical and A Leap Ahead IT. Financial terms were not disclosed. "Over the past several years, we have developed strong relationships with the founders of each of these companies. I have great respect for the organizations they have built, and we are excited to be formally partnering with them. As a collective team, our priority is to continue providing best-in-class IT services to our customers. Looking forward, we are well capitalized with the support of Tower Arch Capital to continue growth through acquisition as well as investing in new and existing locations and services," Tom Andrulis, ITS CEO.
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