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M&A Deal Summary

Cloud Equity Group Acquires BrightWorks IT

On April 25, 2022, private equity firm Cloud Equity Group acquired information technology company BrightWorks IT

Acquisition Highlights
  • This is Cloud Equity Group’s 5th transaction in the Information Technology sector.
  • This is Cloud Equity Group’s 15th transaction in the United States.
  • This is Cloud Equity Group’s 4th transaction in New York.

M&A Deal Summary
Date 2022-04-25
Target BrightWorks IT
Sector Information Technology
Buyer(s) Cloud Equity Group
Deal Type Consolidation

Target

BrightWorks IT

New York City, New York, United States
Brightworks IT is seeking to build market managed service provider by knitting together top-tier brands with a premium operational infrastructure. Brightworks IT’s network of organizations share resources, best practices, and expertise to deliver quality service to customers and opportunities for employees. BrightWorks IT was founded in 2021 and is based in New York City, New York.

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Buyer(S) 1

Buyer

Cloud Equity Group

Investor Investor

Category Private Equity Firm
Founded 2013
Size Small
Type Sector Focused
DESCRIPTION

Cloud Equity Group is a private investment firm focused on providing equity and mezzanine capital to businesses that provide web hosting and cloud based infrastructure solutions. The Firm will consider opportunities throughout the US and seeks acquisitions as well as growth capital investment situations. Cloud Equity Group was formed in 2013 and is based in New York City.

DEAL STATS #
Overall 16 of 19
Sector: Information Technology M&A 5 of 5
Type: Consolidation M&A Deals 1 of 1
State: New York M&A 4 of 6
Country: United States M&A 15 of 18
Year: 2022 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-23 ISD

Oneonta, New York, United States

ISD has served as an award-winning technology consulting firm servicing businesses. The company is distinguished by its commitment to providing unparalleled support for your computer and networking needs. ISD was founded in 1988 and is based in Oneonta, New York.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-05-31 CloudAccess

Traverse City, Michigan, United States

CloudAccess is a cloud based hosting and support platform for Joomla and WordPress based content managers. CloudAccess was founded in 2008 and is based in Traverse City, Michigan.

Sell -
Mergr

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