MSP M&A: Intelligent Technical Solutions Acquires Five MSPs
Intelligent Technical Solutions (ITS), backed privately by Tower Arch Capital, acquired Granite Computer Solutions. BrightWire Networks. Ox Power Computing Service. ProTechnical. A Leap Ahead IT was also involved in the acquisitions. Deerpath Capital provided funding for the transactions. Advisors for ITS were Holland & Hart LLP, BDO USA Farrell Advisory, LLP.
These are technology M&A deal numbers 82, 83, 84, 85, and 86 that ChannelE2E and MSSP Alert have covered so far in 2023. See more than 2,000 technology M&A deals for 2022, 2021, and 2020 listed here.
ITS acquires five MSPs
ITS, which was established in 2003, is based out of Las Vegas, Nevada. LinkedIn lists the company’s 179 employees. ITS’ areas of expertise include phone systems, managed computer service provider, disaster recovery for businesses, IT consulting, Microsoft SBS installation and maintenance, hardware upgrade, computer virtualization, cloud computing, distributed file collaboration, data recovery, cybersecurity and IT support.
Granite Computer Solutions (GCS) was founded in Tempe, Arizona in 1990. GCS’s areas of expertise include network administration, managed IT services, server repairs and upgrades, backup and disaster recovery, workstation repairs and upgrades, security and virus protection, email, internet connectivity, cloud services, copier, scanner and printer support and consulting.
BrightWire was established in 2005 in Olympia, Washington. The company is home to 13 employees, which are listed on LinkedIn. BrightWire’s areas of expertise include IT Consulting, Managed Services, Network Installation, Computer Repair, Network Security, Help Desk Services, Technology Project Management, and Cloud Services.
Ox Power Computing Service has its headquarters in Phoenix, Arizona.
ProTechnical was established in Reno in 2008. There are 15 employees at the company, which is listed on LinkedIn. ProTechnical’s areas of expertise include Information Technology, Computer repair, and Business-to-Business services.
A Leap Ahead IT was founded in 2005 and is located in Carmichael in California. There are 14 employees at the company, which is listed on LinkedIn. A Leap Ahead’s areas of expertise include information technology services and support.
The acquisitions of Granite, BrightWire, Ox Power, ProTechnical, and A Leap Ahead provide managed IT services in their respective geographies, which will strengthen and expand ITS’s business reach and geographic footprint.
Executive Perspectives on ITS Acquisitions
Tom AndrulisCEO of ITS, Jeremy Sullivan, commented on the news.
“Over the past several years, we have developed strong relationships with the founders of each of these companies. We are thrilled to officially partner with them. I admire the work they do and have great respect for their organizations. Our priority as a team is to continue providing top-of-the-line IT services to 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.”
Todd WhitleyBrightWire Networks’ CEO, Jeremy, also added.
“We are thrilled about our partnership with ITS. We have a similar approach to our work and together, our footprints and capabilities will result in significant expansion of ITS in the Western United States.”
Rick ThomasProTechnical’s founder, Richard, said:
“It’s been a seamless transition. With Tom and the ITS staff, we have strong cultural and business alignment. I can’t wait to launch into our next phase of growth together.”