In June 2022, IT Services companies saw a decline in valuations consistent with the broader market. 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 – June 2022 |
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Attain Capital Partners Invests In Regent Education
Regent Education, a provider of SaaS solutions that automate and simplify the financial aid process for higher-ed institutions with traditional and nontraditional enrollment models, received a significant investment led by Attain Capital Partners.
Read more
www.prnewswire.com
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Cherry Tree & Associates, LLC acted as exclusive investment banking advisor to Regent Education in this transaction. |
The Planet Group to Acquire Launch Consulting Group
Launch Consulting Group, a digital transformation firm headquartered in the Greater Seattle area that helps large and scaling companies, will be acquired by The Planet Group, a portfolio company of Odyssey Investment Partners.
Read more
huntscanlon.com
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Accenture Acquires Advocate Networks
Advocate Networks, LLC, a tech consultancy and managed services provider of Technology Business Management solutions for organizations to create business value, achieve cost savings and modernize their tech platforms has been acquired by Accenture.
Read more
www.finsmes.com
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Mission Cloud Services Has Acquired Dozen Software
Dozen Software, a Nashville-headquartered provider of software application development services, has been acquired by Mission Cloud Services, a cloud managed services provider and Amazon Web Services (AWS) Premier Tier Services Partner.
Read more
www.globenewswire.com
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Enero Acquires ROI DNA and GetIT
ROI DNA, a B2B digital marketing agency offering a revenue-accelerating suite of services to technology companies, and GetIT, APAC’s leading marketing agency specialized in B2B technology, have been acquired by Energo Group.
Read more
www.businesswire.com
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BBH Capital Partners Invests In Quest Technology Management
Quest, one of the largest founder-owned outsourced IT service providers in the U.S., which focuses on cybersecurity, disaster recovery, cloud infrastructure, and unified communications, has received an investment from BBH Capital Partners.
Read more
www.businesswire.com
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Presidio Acquires ROVE
ROVE, a veteran-owned systems integrator that services enterprise, commercial and public sector clients across the Southeast region of the U.S. has been acquired by Presidio, a global digital services and solutions provider.
Read more
www.businesswire.com
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FFL Partners Invests In Abacus Group
Abacus Group, a New York City-based financial services-focused IT Managed Services Provider specializing in hedge fund, private equity, venture capital and family office clients, has received a strategic investment from FFL Partners.
Read more
www.finsmes.com
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Accrete Health Partners Acquires Nordic Consulting Partners
Nordic Consulting Partners, a Madison, WI-based health and technology consulting firm, has been acquired by Accrete Health Partners, a strategic holding company of Bon Secours Mercy Health.
Read more
www.consulting.us
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Apollo Information Systems Acquires CyberDefenses
CyberDefenses, which offers threat intelligence, incident response, election security and other cybersecurity services to U.S. federal, state and local government agencies and enterprises, has been acquired by Apollo Information Systems.
Read more
www.govconwire.com
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Park Place Acquires Riverstone Technology
Riverstone Technology, a third-party data center maintenance and support service situated in Atlanta, Georgia, has been acquired by Park Place Technologies, a global data center and networking optimization organization.
Read more
hostingjournalist.com
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HSO Acquires SHEA Solutions
SHEA Solutions Inc., a recognized leader in Microsoft Dynamics 365 solutions for the Manufacturing and Retail Industries, has been acquired by HSO, a Microsoft cloud partner.
Read more
www.einnews.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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David Wetterstrom
Senior Analyst
Phone: 952.253.6004
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Cherry Tree & Associates
301 Carlson Parkway #103
Minnetonka, MN 55305
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Prepared by David Wetterstrom |
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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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