M&A Deal Summary

Converge Technology Solutions Acquires CBI

On April 1, 2022, Converge Technology Solutions acquired information technology company CBI

Acquisition Highlights
  • This is Converge Technology Solutions’ 19th transaction in the Information Technology sector.
  • This is Converge Technology Solutions’ 19th transaction in the United States.
  • This is Converge Technology Solutions’ 1st transaction in Michigan.

M&A Deal Summary
Date 2022-04-01
Target CBI
Sector Information Technology
Buyer(s) Converge Technology Solutions
Deal Type Add-on Acquisition

Target

CBI

Ferndale, Michigan, United States
CBI is a services-led team focused on cybersecurity solutions that make the world a safer place. Comprised of strategists, former CISOs, and security experts, CBI works tirelessly to identify and stop would-be breaches before they impact an organization. CBI’s main focus areas of threat-detection and obstruction lie in helping defend and secure networks and endpoints, testing and monitoring areas of operational risk, and protecting data. The company’s offerings range from security programs to architecture and integration to managed security. CBI was founded in 1991 and is based in Ferndale, Michigan.

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Buyer(S) 1

Buyer

Converge Technology Solutions

Toronto, Ontario, Canada
Category Company
Sector Information Technology
DESCRIPTION

Converge Technology Solutions Corp. is a provides a platform of regionally-focused Hybrid IT solutions providers to enhance their ability to provide multi-cloud solutions, blockchain, resiliency, and managed services. Converge Technology Solutions is based in Toronto, Ontario.

DEAL STATS #
Overall 27 of 33
Sector (Information Technology) 19 of 24
Type (Add-on Acquisition) 27 of 33
State (Michigan) 1 of 1
Country (United States) 19 of 20
Year (2022) 5 of 11
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-03-28 InterDynamix Systems

Edmonton, Alberta, Canada

Interdynamix is a provider of an equal parts solution engineering and business consulting services. Interdynamix was founded in 1995 and is based in Edmonton, Alberta.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-05-19 Technology Integration Group

San Diego, California, United States

Technology Integration Group is a full-service IT Solutions provider. TIG offers end-to-end technology and IT infrastructure solutions in 70 countries. Technology Integration Group was founded in 1981 and is based in San Diego, California.

Buy -
Mergr

Product

Company

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