M&A Deal Summary

Sourcepass Acquires Network Solutions and Technology

On March 2, 2022, Sourcepass acquired information technology company Network Solutions and Technology for 70M USD

Acquisition Highlights
  • This is Sourcepass’ 1st transaction in the Information Technology sector.
  • This is Sourcepass’ largest (disclosed) transaction.
  • This is Sourcepass’ 1st transaction in the United States.
  • This is Sourcepass’ 1st transaction in New York.

M&A Deal Summary
Date 2022-03-02
Target Network Solutions and Technology
Sector Information Technology
Buyer(s) Sourcepass
Deal Type Add-on Acquisition
Deal Value 70M USD

Target

Network Solutions and Technology

East Northport, New York, United States
Network Solutions and Technology is a provider for IT support services starts with a dependable IT infrastructure that helps small to mid-sized businesses. Network Solutions and Technology was founded in 2001 and is based in East Northport, New York.

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Buyer(S) 1

Buyer

Sourcepass

New York, New York, United States
Category Company
Sector Information Technology
DESCRIPTION

Sourcepass is a provider for digitizing the way small and mid-sized businesses (SMB) access innovative IT solutions by making strategic acquisitions in the IT Managed Services space. Sourcepass is based in New York.

DEAL STATS #
Overall 1 of 8
Sector (Information Technology) 1 of 7
Type (Add-on Acquisition) 1 of 8
State (New York) 1 of 3
Country (United States) 1 of 8
Year (2022) 1 of 4
Size (of disclosed) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-03-15 Suite3

Easthampton, Massachusetts, United States

Suite3 provides managed network, cloud migration and management, cyber security, and IT support services to more than 6,000 managed customer endpoints. Suite3 was founded in 1987 and is based in Easthampton, Massachusetts.

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