M&A Deal Summary

Thrive Networks Acquires Howard Tech Advisors

On March 9, 2021, Thrive Networks acquired information technology company Howard Tech Advisors

Acquisition Highlights
  • This is Thrive Networks’ 3rd transaction in the Information Technology sector.
  • This is Thrive Networks’ 3rd transaction in the United States.
  • This is Thrive Networks’ 1st transaction in Maryland.

M&A Deal Summary

Date 2021-03-09
Target Howard Tech Advisors
Sector Information Technology
Buyer(s) Thrive Networks
Deal Type Add-on Acquisition

Target

Howard Tech Advisors

Elkridge, Maryland, United States
Howard Tech Advisors is a provider of IT-managed services to business and non-profit organizations in Maryland. The company provides security, disaster recovery, and technical services. Howard Tech Advisors was formed in 2009 and is based in Elkridge, Maryland.

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Buyer(S) 1

Buyer

Thrive Networks

Foxborough, Massachusetts, United States

Category Company
Founded 2000
Sector Information Technology
DESCRIPTION

Thrive Networks is a managed services provider, delivers a portfolio of outsourced technology services that included cloud, hosting, security, disaster recovery, backup, replication, network management, device management, storage, virtualization and more. For nearly two decades, Thrive has leveraged leading vendor technologies, its vast technical engineering talent and a fanatical dedication to client support to service hundreds of mid-market customers across the United States. Thrive Networks was founded in 2000 and is based in Foxborough, Massachusetts.


DEAL STATS #
Overall 3 of 20
Sector: Information Technology M&A 3 of 19
Type: Add-on Acquisition M&A Deals 3 of 20
State: Maryland M&A 1 of 1
Country: United States M&A 3 of 17
Year: 2021 M&A 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-21 Apex IT Group

Mount Laurel, New Jersey, United States

Apex IT Group is a provider of IT managed services through its proprietary process-driven methodology and its “Simple to Switch” client on-boarding process. Apex IT Group is based in Mount Laurel, New Jersey.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-03 ONI

Bedfordshire, United Kingdom

ONI is a provider of IT solutions and services to both the public sector and commercial markets. ONI offers a comprehensive range of on-site, cloud, and hybrid technology solutions. ONI was founded in 1992 and is based in Bedfordshire, United Kingdom.

Buy -