Managed Services Companies Remain Hot M&A Ticket
Managed services companies continue to prove popular targets for investment, with more merger and acquisition deals surfacing this week.
Those transactions included private equity firm Lightview Capital making a strategic investment in Buchanan Technologies; Siris, a private equity firm, agreeing to acquire TPx Communications; and IT Solutions Consulting Inc. buying SecurElement Infrastructure Solutions.
Those deals follow private equity firm BC Partners’ agreement last week to acquire Presidio, an IT solutions provider with headquarters in New York. That transaction, valued at $2.1 billion, is expected to close in the fourth quarter of 2019.
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