martinwolf Advised Technology Integration Group in Agreement to be Acquired by Converge Technology Solutions
Scottsdale, Arizona (May 19, 2022) – Converge Technology Solutions (TSX:CTS), a software-enabled IT & Cloud Solutions provider, today announced it has signed definitive agreements to acquire Technology Integration Group (TIG), a San Diego-based organization that specializes in optimized performance solutions and critical business support.
Technology Integration Group was advised by martinwolf, a leading M&A advisory firm serving the middle-market IT industry. This marks the firm’s 27th transaction in the past 17 months.
From software and hardware procurement to discovery assessments, strategic planning, deployment, data center optimization, IT asset management and cloud computing, TIG offers custom-built IT solutions for clients around the globe, with a major presence in the United States and Canada. With 20+ branch locations, TIG serves a wide-reaching and diverse client base in enterprise, government, education, and SMB markets. Always offering a personal, consultative approach to identifying and fulfilling organizations’ specific computing needs, TIG customizes innovative technology that best fits any unique infrastructure requirement.
“TIG is elated to be joining forces with Converge. We are extremely proud of our 40+ year history and have no doubt that our track record of success as a multi-national service and solutions integrator will continue as part of Converge. We are excited for the strategic direction and vision of the Company and look forward to a bright future for our employees, clients, and business partners.”
- Tom Janecek, CEO and CFO of Technology Integration Group
“Converge is excited to continue our strategy of growth and global expansion through the announced addition of Technology Integration Group to our portfolio of companies. TIG brings strong industry expertise across State, Local, and Education that we can leverage across North America and gives us additional presence in Canada, adding to our strength of offerings with the Canadian government. The combined strength of Converge and TIG’s ability to serve our clients in markets around the world will present an exciting opportunity for us to continue reaching our clients and solving their solution needs wherever they may be.”
- Shaun Maine, CEO of Converge Technology Solutions
Headquartered in Scottsdale, Arizona with an office in Cleveland, martinwolf is a leading M&A Advisory focused on middle market companies in the IT Services and Supply Chain, Managed Services, Security and Software sectors. Since 1997, martinwolf has completed over 200 transactions in more than 20 countries and sold eight divisions of Fortune 500 companies. In 2021, the firm acquired IT ExchangeNet, a leader in smaller mid-market (sub $25M) transactions.
martinwolf is a member of FINRA and SIPC. For more information, visit www.martinwolf.com.