M&A Deal Summary

Cyber Advisors Acquires BAI Security

On August 5, 2024, Cyber Advisors acquired information technology company BAI Security

Acquisition Highlights
  • This is Cyber Advisors’ 4th transaction in the Information Technology sector.
  • This is Cyber Advisors’ 4th transaction in the United States.
  • This is Cyber Advisors’ 1st transaction in Illinois.

M&A Deal Summary
Date 2024-08-05
Target BAI Security
Sector Information Technology
Buyer(s) Cyber Advisors
Deal Type Add-on Acquisition
Advisor(s) Generational Equity LLC (Financial)

Target

BAI Security

Lincolnshire, Illinois, United States
BAI Security is an IT security assessment firm specializing in comprehensive yet affordable security solutions for highly regulated industries, such as bank and finance, healthcare, energy, manufacturing, and more. Their services include IT security assessments, compliance audits, red teams, network vulnerability assessments, tabletop exercises, and ransomware simulations. BAI Security was formed in 2007 and is headquartered in Lincolnshire, Illinois.

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Buyer(S) 1

Buyer

Cyber Advisors

Maple Grove, Minnesota, United States
Category Company
Founded 1997
Sector Information Technology
DESCRIPTION

Cyber Advisors offers comprehensive IT solutions for organizations across the Midwest. The Company is a one-stop shop for managing a client’s IT systems and spending and can provide partial or fully outsourced solutions. Cyber Advisors was founded in 1997 and based in Maple Grove, Minnesota.

DEAL STATS #
Overall 4 of 5
Sector (Information Technology) 4 of 5
Type (Add-on Acquisition) 4 of 5
State (Illinois) 1 of 2
Country (United States) 4 of 5
Year (2024) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-03-01 S&L Computer Services

Fargo, North Dakota, United States

S&L Computer Services is an IT service provider for small businesses. S&L Computer Services is an authorized dealer of HP, SonicWall, Microsoft, and NEC, the Company boasts an expansive product and service offering, ensuring correct solutions to make customers more efficient and productive. S&L Computer Services was founded in 1993 and is based in Fargo, North Dakota.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-11-06 Edot

Schaumburg, Illinois, United States

Edot specializes in managed services, cyber security, backup systems, IT Consulting, and Hardware/Software sales and support. Edot is based in Schaumburg, Illinois.

Buy -
Mergr

Product

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