Industry Update: IT Services M&A Update – February, 2019

February, 2019

In 2018, strategic buyers accounted for 90% of the IT Services M&A transactions with financial buyers making up the difference; during 2017, strategic buyers accounted for approximately 90% of the transactions.

Select recent notable publicly announced M&A transactions:

– Trive Captial acquires EarthLink Consumer Internet Business of Windstream Holdings for $330 million.

– ConvergeOne acquires Venture Technologies for $92 million.

– CVC Capital Partners acquires ConvergeOne for $1,652 million.

– Ascential acquires Flywheel Digital for $400 million.

– NCR Corporation acquires JetPay Corporation for $188 million.

– WEX Inc. acquires Noventis $310 million.

– PGIM Real Estate and Madison Capital acquires 360 Spear Street Data Center for $95 million.

– Computacenter acquires FusionStorm for $90 million.

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