M&A Deal Summary

CloudSmartz Acquires IPLogic

On January 13, 2014, CloudSmartz acquired information technology company IPLogic from DeltaPoint Capital Management

Acquisition Highlights
  • This is CloudSmartz’s 1st transaction in the Information Technology sector.
  • This is CloudSmartz’s 1st transaction in the United States.
  • This is CloudSmartz’s 1st transaction in New York.

M&A Deal Summary

Date 2014-01-13
Target IPLogic
Sector Information Technology
Buyer(s) CloudSmartz
Sellers(s) DeltaPoint Capital Management
Deal Type Merger

Target

IPLogic

Rochester, New York, United States
IPLogic is an IT professional services company focusing on voice and data networking. The Company provides technology consulting and integration services for medium to large companies, delivering secure, converged voice and data business technology solutions. Its solutions enable customers to focus on managing their core business by providing expertise in communications networking, application integration and managed services.

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Buyer(S) 1

Buyer

CloudSmartz

Rochester, New York, United States

Category Company
Founded 2012
Sector Business Services
DESCRIPTION

CloudSmartz LLC is a business transformation and information technology (IT) services company.


DEAL STATS #
Overall 1 of 1
Sector: Information Technology M&A 1 of 1
Type: Merger M&A Deals 1 of 1
State: New York M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2014 M&A 1 of 1

Seller(S) 1

SELLER

DeltaPoint Capital Management

Rochester, New York, United States

Category Merchant Bank
Founded 1996
Size Small
Type Sector Agnostic
DESCRIPTION

DeltaPoint Capital Management is a private equity firm that targets investments in privately held New York based companies with at least $10 million in sales. Prospective transaction situations include management led buyouts, generational transitions, acquisition financings, recapitalizations, divestitures, and growth capital financings. DeltaPoint will consider investments in manufacturing, distribution, and specialized services. The Firm will not invest in retail, venture capital, early stage, or turnaround situations. DeltaPoint was formed in 1996 and is based in Rochester, New York.


DEAL STATS #
Overall 6 of 10
Sector: Information Technology M&A 1 of 1
Type: Merger M&A Deals 1 of 1
State: New York M&A 6 of 9
Country: United States M&A 6 of 10
Year: 2014 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-10-14 Climax Manufacturing Company

Lowville, New York, United States

Climax Manufacturing Company is patented and manufactured chicken incubators and brooders. About 10 years later, the packaging division began to make fiberboard cheese drums to support local cheese production; it then branched out into meat packers and other folding-carton applications. Today the Company is a leading producer of retail gift boxes and supermarket deli and bakery packaging. In the mid 1930's, Climax acquired Carthage Papermakers, a manufacturer of recycled, uncoated paperboard. While much of the Paperboard Division's recycled paperboard is still consumed by the Packaging Division, it has also become the leading producer of matboard used in picture framing supplied to the graphics arts industry. Climax Manufacturing Company was formed in 1902 and is based in Lowville, New York.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-07-01 Carthage Specialty Paperboard

Carthage, New York, United States

Carthage Specialty Paperboard, Inc. is a manufacturer of uncoated recycled paperboard used in premium specialty applications. Carthage Specialty Paperboard is based in Carthage, New York.

Buy -