M&A Deal Summary

Network Coverage Acquires Lloyd

On May 6, 2024, Network Coverage acquired information technology company Lloyd

Acquisition Highlights
  • This is Network Coverage’s 2nd transaction in the Information Technology sector.
  • This is Network Coverage’s 2nd transaction in the United States.
  • This is Network Coverage’s 1st transaction in Florida.

M&A Deal Summary
Date 2024-05-06
Target Lloyd
Sector Information Technology
Buyer(s) Network Coverage
Deal Type Add-on Acquisition

Target

Lloyd

Delray Beach, Florida, United States
website
Lloyd is a sophisticated IT management company that analyzes and implements innovative technology through an IT Management Framework in accordance with your desired vision. Lloyd is based in Delray Beach, Florida.

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Buyer(S) 1

Buyer

Network Coverage

Danvers, Massachusetts, United States

website

Category Company
Founded 1996
Sector Information Technology
DESCRIPTION

Network Coverage is a cloud-focused managed service provider (“MSP”) delivering comprehensive technology solutions that align IT needs with business outcomes. The Company has amassed a loyal client base who view Network Coverage as a trusted advisor to manage their entire IT environment leveraging modernized and secure solutions across business functions. In all solutions, it acts as a strategic partner to clients, positioning IT as a critical growth center, rather than a complex cost center. Network Coverage was formed in 1996 and is based in Danvers, Massachusetts.

DEAL STATS #
Overall 2 of 2
Sector (Information Technology) 2 of 2
Type (Add-on Acquisition) 2 of 2
State (Florida) 1 of 1
Country (United States) 2 of 2
Year (2024) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-05-06 MadWolf

Washington, District of Columbia, United States

MadWolf has delivered managed IT and security services to NGOs and not-for-profit communities. MadWolf is based in Washington, District of Columbia.

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