Cherry Tree & Associates has been actively monitoring trends and activity in the Information Technology Services space for more than 10 years. Along with monitoring the large, public players in the space through our public company index (IT Services 60), Cherry Tree closely tracks middle-market M&A trends that directly impact middle-market owners, operators, buyers and sellers. |
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The five sectors within the ITS 60 are:
- IT Solutions (Integration & Transformation)
- IT Consulting
- Outsourced & Managed IT Services
- Staffing
- Value-Added Tech Resellers
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Each issue of this newsletter highlights transactions involving Information Technology Services companies, as well as performance metrics for the ITS 60. |
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Notable Transactions – January 2022 |
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Bluewave Announces Growth Investment from Columbia Capital
Bluewave Technology Group, a high-growth technology advisory and lifecycle management company, today announced an initial capital raise of $75 million led by Columbia Capital. Bluewave has completed five acquisitions over the past five months.
Read more
bluewave.net
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SimiTree Acquires Imark Billing
SimiTree, an established provider of solutions for compliance, growth, and profitability in the post-acute industry, recently announced the acquisition of Miami-based Imark Billing in a strategic expansion of revenue cycle management services.
Read more
simitreehc.com
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Peak Technologies Acquires Avalon Integration
Sole Source Capital LLC, an industrial-focused private equity firm, announced that its portfolio company, Peak Technologies, a leading systems integrator, acquired Avalon Integration Inc (“Avalon”).
Read more
www.businesswire.com
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RedCloud Consulting Acquires Denny Mountain Media
RedCloud Consulting, a Bellevue, WA-based management and technology consulting firm, has acquired Denny Mountain Media (DMM), a Seattle-based staffing agency specializing in marketing roles.
Read more
www.consulting.us
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S.i. Systems acquires Eagle Professional Resources
S.i. Systems ULC, one of Canada's largest Information Technology companies, announced today it has completed the acquisition of Eagle Professional Resources ("Eagle"), a national IT staffing company.
Read more
www.prnewswire.com
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Prosource Acquires PBSI Technology Solutions
Prosource, the region's leading business technology solutions provider, announced the acquisition of PBSI Technology Solutions, an established technology services company specializing in voice, data, and security solutions.
Read more
www.prnewswire.com
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Crosslake Technologies Acquires Renna Partners
Crosslake Technologies, a leader in providing data-driven technology advisory services to private equity firms and their portfolio companies, announced it has completed its second acquisition in a year with the purchase of Renna Partners.
Read more
www.businesswire.com
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Emids Acquires Cloud Development Resources
Emids, a Nashville-based healthcare IT consultancy, has acquired Cloud Development Resources (CDR), a Sarasota, FL-based software development and IT solutions firm.
Read more
www.consulting.us
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AST Announces Strategic Investment by Recognize
AST Corporation, a leading cloud and digital transformation solutions provider, today announced it has received a strategic growth investment from Recognize, a technology services-focused investment platform.
Read more
www.businesswire.com
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Trilantic Reinvests in Addison Group
Addison Group ("Addison"), a national leader in professional services specializing in talent solutions and consulting services, announced today a new capital investment from Trilantic North America, a leading, growth-focused private equity firm.
Read more
www.trilanticnorthamerica.com
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Executech Announces Acquisition of Dyrand Systems
Executech, a leading managed IT services and cybersecurity provider, announced today the acquisition of Dyrand Systems, an established IT support provider based in Vancouver, British Columbia.
Read more
www.businesswire.com
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ComSource Acquired by Mobile Communications America
Mobile Communications America, a leading provider of wireless communication solutions that enhance the efficiency of workplaces today, has acquired ComSource, a full-service communications provider headquartered in Plymouth, Michigan.
Read more
www.prnewswire.com
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Cherry Tree's "IT Services 60" index is comprised of roughly 60 publicly-traded companies with a collective market capitalization greater than $1.1 Trillion. |
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IT Services 60 - Index Metrics |
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Cherry Tree & Associates is a private investment banking firm headquartered in Minneapolis. Our firm specializes in serving middle market companies and their owners, whether private, public, or divisions of larger corporations.
For a confidential conversation about your company's strategic alternatives for exiting, merging, acquiring, or obtaining financing, please contact our team.
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Elmer Baldwin
Senior Executive Director
Phone: 952.253.6001
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Mik Gusenius
Managing Director
Phone: 952.253.6005
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Ben Huss
Vice President
Phone: 952.253.6017
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Cherry Tree & Associates
301 Carlson Parkway #103
Minnetonka, MN 55305
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Important Disclosures
The information included in this publication has been obtained from public sources, and is not based upon private or confidential Cherry Tree information. Cherry Tree gathers its data from sources it considers reliable. However, it does not guarantee the accuracy or completeness of the information provided within this publication. Any opinions presented reflect the current judgment of the authors and are subject to change. Cherry Tree makes no warranties, expressed or implied, regarding the accuracy of this information or any opinions expressed by the authors. Officers, directors, partners of Cherry Tree and Cherry Tree proprietary investment funds may have positions in the securities of the companies discussed, and certain affiliates of Cherry Tree may recommend to specific clients the purchase and sale of securities discussed in the publication. This publication does not constitute a recommendation with respect to the securities of any company discussed herein, and it should not be construed as such. Cherry Tree or its affiliates may from time to time provide investment banking or related services to these companies. Like all Cherry Tree employees, the authors of this publication receive compensation that is affected by overall firm profitability. We undertake no obligation to update any information in this publication.
The ITS 60 Performance Index is a hypothetical index, and does not reflect an actual investment portfolio. Comparisons between the ITS 60 Index and other indices are for illustrative purposes only. Correlations in performance information for the ITS 60 Performance Index and other indices should not be relied upon as indicative of risks involved in owning or holding a portfolio of securities similar to the ITS 60 Performance Services Index. Past performance should not be relied upon as indicative of future performance.
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