M&A Deal Summary

Dynamic Quest Acquires Hargray Managed IT

On May 31, 2022, Dynamic Quest acquired information technology company Hargray Managed IT from Hargray Communications Group

Acquisition Highlights
  • This is Dynamic Quest’s 8th transaction in the Information Technology sector.
  • This is Dynamic Quest’s 8th transaction in the United States.
  • This is Dynamic Quest’s 1st transaction in South Carolina.

M&A Deal Summary

Date 2022-05-31
Target Hargray Managed IT
Sector Information Technology
Buyer(s) Dynamic Quest
Sellers(s) Hargray Communications Group
Deal Type Divestiture

Target

Hargray Managed IT

Hilton Head, South Carolina, United States
Hargray Managed IT offers Managed Network services, Hardware-as-a-Service, Cloud Hosting, Backup & Disaster Recovery, and Managed Security Services for small-to-medium sized businesses across a wide array of verticals. The company has a long-tenured and strong customer base located primarily in South Carolina and Georgia.

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Buyer(S) 1

Buyer

Dynamic Quest

Greensboro, North Carolina, United States

Category Company
Founded 2000
Sector Information Technology
Employees119
DESCRIPTION

Dynamic Quest is a managed service provider for IT services to enterprises and mid-sized businesses. The Company's services include hosted cloud services, disaster recovery, managed IT, service plans, software maintenance, application support, virtual CIO and security services. Dynamic Quest was fouded in 2000 and is based in Greensboro, North Carolina.


DEAL STATS #
Overall 8 of 8
Sector: Information Technology M&A 8 of 8
Type: Divestiture M&A Deals 1 of 1
State: South Carolina M&A 1 of 1
Country: United States M&A 8 of 8
Year: 2022 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-09 Integrated Solutions

Birmingham, Alabama, United States

Integrated Solutions is an IT-managed service provider to small to medium-sized businesses. Integrated Solutions offers managed IT, disaster recovery, and cybersecurity services to businesses and enterprises across medical providers and a wide variety of other verticals. Integrated Solutions was founded in 1994 and is based in Birmingham, Alabama.

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Seller(S) 1

SELLER

Hargray Communications Group

Hilton Head, South Carolina, United States

Category Company
Founded 1949
Sector Communications
DESCRIPTION

Hargray Communications Group, Inc. is a telecommunications provider serving southeastern South Carolina and northeastern Georgia. The company's operations include traditional telephone carrier services, internet services, cable television, wireless telephone, and a telephone directory publishing operation. Hargray Communications Group was founded in 1949 and is based in Hilton Head, South Carolina.


DEAL STATS #
Overall 1 of 1
Sector: Information Technology M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: South Carolina M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2022 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-02-03 Electronet Broadband Communications

Tallahassee, Florida, United States

Electronet Broadband Communications is a fiber-based broadband communications company. Electronet Broadband Communications was founded in 1996 and is based in Tallahassee, Flordia.

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