M&A Deal Summary

PSI Network Acquires Metamor Worldwide

On March 22, 2000, PSI Network acquired information technology company Metamor Worldwide from GTCR for 1.7B USD

Acquisition Highlights
  • This is PSI Network’s 1st transaction in the Information Technology sector.
  • This is PSI Network’s largest (disclosed) transaction.
  • This is PSI Network’s 1st transaction in the United States.
  • This is PSI Network’s 1st transaction in Texas.

M&A Deal Summary
Date 2000-03-22
Target Metamor Worldwide
Sector Information Technology
Buyer(s) PSI Network
Sellers(s) GTCR
Deal Type Add-on Acquisition
Deal Value 1.7B USD

Target

Metamor Worldwide

Houston, Texas, United States
Metamor Worldwide (formerly CoreStaff, Inc.) is a IT services business. Metamor’s services included ERP implementation, network services, offshore development and maintenance, outsourced software engineering, web consulting, and IT staffing.

Search 193,711 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Buyer(S) 1

Buyer

PSI Network

Mission Viejo, California, United States

website

Category Company
Founded 1993
Sector Communications
DESCRIPTION

PSI Network, Inc. is a master agency founded by Steve Olsen in 1993 that has a portfolio of over 30 service providers in the area of nationwide telecommunication voice and data services. PSI’s 6,000 customers embraced the concept of receiving equal or better services for less cost or more robust service for no increase in price.

DEAL STATS #
Overall 1 of 1
Sector (Information Technology) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Texas) 1 of 1
Country (United States) 1 of 1
Year (2000) 1 of 1
Size (of disclosed) 1 of 1

Seller(S) 1

SELLER

GTCR

Chicago, Illinois, United States

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 1980
PE ASSETS 15.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

GTCR is a private equity firm that typically partners with management when pursuing acquisitions. The Firm looks to grow companies through build-on acquisitions, consolidations, and internal growth. GTCR will consider both equity and mezzanine capital commitments and concentrates its investment activity in consumer products & services, healthcare services, outsourced business services, technology, transaction processing, and pharma/medical products. GTCR was formed in 1980 and is based in Chicago, Illinois.

DEAL STATS #
Overall 3 of 84
Sector (Information Technology) 1 of 9
Type (Add-on Acquisition) 3 of 40
State (Texas) 1 of 4
Country (United States) 3 of 81
Year (2000) 1 of 2
Size (of disclosed) 3 of 33
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2000-03-01 Alliant Insurance Services

Newport Beach, California, United States

Alliant Insurance Services is a retail insurance broker providing property and casualty insurance and employee benefits products to over 15,000 commercial middle market clients nationwide. Alliant Insurance Services was founded in 1925 and is based in Newport Beach, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2000-03-27 Cambridge Protection Industries Holdings

Chicago, Illinois, United States

Cambridge pursued a strategy of acquiring medium-sized businesses and quickly purchased two regional alarm monitoring companies in 2000.

Buy -
Mergr

Product

Company

Legal