M&A Deal Summary

Bluewave Acquires Comtel Group

On November 19, 2024, Bluewave acquired information technology company Comtel Group

Acquisition Highlights
  • This is Bluewave’s 7th transaction in the Information Technology sector.
  • This is Bluewave’s 11th transaction in the United States.
  • This is Bluewave’s 1st transaction in Massachusetts.

M&A Deal Summary
Date 2024-11-19
Target Comtel Group
Sector Information Technology
Buyer(s) Bluewave
Deal Type Add-on Acquisition

Target

Comtel Group

Needham, Massachusetts, United States
Comtel Group is a technology consulting firm that specializes in technology advisory and sourcing, helping businesses select the right technology vendors. Comtel Group provides services such as cloud sourcing, global connectivity, and procurement. Comtel Group was founded in 1990 and is based in Needham, Massachusetts.

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Buyer(S) 1

Buyer

Bluewave

Parsippany, New Jersey, United States
Category Company
Founded 2016
Sector Information Technology
DESCRIPTION

Bluewave is a premier technology advisory and lifecycle management company with a comprehensive approach to optimizing clients’ ability to grow revenue, reduce costs, and improve efficiency. Bluewave streamlines the technology buying and management process for businesses of all sizes across the United States with four key services: Technology Evaluation, Strategic Sourcing, Expense Management, and Operations Support. Specializing in modernizing the IT and telecom infrastructure, Bluewave partners with proven cloud, network, security, and collaboration service providers to develop the best solution while maximizing the clients’ technology investment. Bluewave was founded in 2016 and is based in Parsippany, New Jersey.

DEAL STATS #
Overall 11 of 11
Sector (Information Technology) 7 of 7
Type (Add-on Acquisition) 11 of 11
State (Massachusetts) 1 of 1
Country (United States) 11 of 11
Year (2024) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-05-29 ForesTel

West Linn, Oregon, United States

ForesTel is a telecommunications solutions provider that offers a comprehensive range of services, including Voice, Data, Cloud, Colo, and Security. The company serves over 700 commercial clients across North America and internationally, focusing on crafting tailored solutions to meet clients' needs. ForesTel was formed in 1989 and is based in West Linn, Oregon.

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