MSP M&A: Five MSPs Acquired by Intelligent Technical Solutions
Intelligent Technical Solutions (ITS) was backed by Tower Arch Capital. The company acquired Granite Computer Solutions and BrightWire Networks, Ox Power Computing Service and ProTechnical to significantly expand its U.S. business. Deerpath Capital provided financing. Advisors for ITS include Holland & Hart LLP, BDO USA Farrell Advisory and LLP.
These are technology M&A deal numbers 82, 83, 84, 85, and 86 that ChannelE2E and MSSP Alert have covered so far in 2023. See more than 2,000 technology M&A deals for 2022, 2021, and 2020 listed here.
ITS acquires five MSPs
ITS was founded in 2003 and is based in Las Vegas. LinkedIn lists 179 employees for the company. ITS’ areas of expertise include phone systems, managed computer service provider, disaster recovery for businesses, IT consulting, Microsoft SBS installation and maintenance, hardware upgrade, computer virtualization, cloud computing, distributed file collaboration, data recovery, cybersecurity and IT support.
Granite Computer Solutions (GCS) was founded in Tempe, Arizona in 1990. GCS’s areas of expertise include network administration, managed IT services, server repairs and upgrades, backup and disaster recovery, workstation repairs and upgrades, security and virus protection, email, internet connectivity, cloud services, copier, scanner and printer support and consulting.
BrightWire, which was established in 2005, has its headquarters in Olympia, Washington. There are 13 employees at BrightWire, all listed on LinkedIn. BrightWire’s areas of expertise include IT Consulting, Managed Services, Network Installation, Computer Repair, Network Security, Help Desk Services, Technology Project Management, and Cloud Services.
Ox Power Computing Service has its headquarters in Phoenix, Arizona.
ProTechnical was established in Reno in 2008. LinkedIn lists the company’s 15 employees. ProTechnical’s areas of expertise include Information Technology, Computer repair, and Business-to-Business services.
A Leap Ahead IT is a California-based company that was established in 2005. LinkedIn lists 14 employees for the company. A Leap Ahead’s areas of expertise include information technology services and support.
The acquisitions of Granite, BrightWire, Ox Power, ProTechnical, and A Leap Ahead provide managed IT services in their respective geographies, which will strengthen and expand ITS’s business reach and geographic footprint.
Executive Perspectives on ITS Acquisitions
Tom AndrulisThe CEO of ITS commented on the news.
“Over the past several years, we have developed strong relationships with the founders of each of these companies. I have great respect and admiration for the companies they have built. We are delighted to formalize our partnership with them. Our collective goal is to provide best-in-class IT services for our customers. Looking forward, we are well capitalized with the support of Tower Arch Capital to continue growth through acquisition as well as investing in new and existing locations and services.”
Todd WhitleyBrightWire Networks CEO, Dr. Gregor Sullivan, also added.
“We are thrilled about our partnership with ITS. We have a common approach to our work. Together, our capabilities and footprint will allow for significant growth in ITS’s reach. Western United States.”
Rick ThomasProTechnical founder, John, stated:
“It’s been a seamless transition. With Tom and the ITS staff, we have strong cultural and business alignment. I can’t wait to launch into our next phase of growth together.”
