M&A Deal Summary

Fulcrum IT Partners Acquires Fortress SRM

On August 9, 2024, Fulcrum IT Partners acquired information technology company Fortress SRM from MCPc

Acquisition Highlights
  • This is Fulcrum IT Partners’ 4th transaction in the Information Technology sector.
  • This is Fulcrum IT Partners’ 3rd transaction in the United States.
  • This is Fulcrum IT Partners’ 1st transaction in Ohio.

M&A Deal Summary
Date 2024-08-09
Target Fortress SRM
Sector Information Technology
Buyer(s) Fulcrum IT Partners
Sellers(s) MCPc
Deal Type Divestiture

Target

Fortress SRM

Cleveland, Ohio, United States
Fortress SRM helps organizations optimize the security performance and managed IT support needs of their people, processes, and technology to deliver positive financial and operational business outcomes through world-class professional services and SOC-based co-managed service offerings. Fortress SRM is based in Cleveland, Ohio.

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Buyer(S) 1

Buyer

Fulcrum IT Partners

Toronto, Ontario, Canada
Category Company
Sector Internet Software and Services
DESCRIPTION

Fulcrum IT Partners is a provider of cybersecurity, cloud, consumption-based IT, and managed services. Fulcrum IT Partners is based in Toronto, Ontario.

DEAL STATS #
Overall 4 of 4
Sector (Information Technology) 4 of 4
Type (Divestiture) 2 of 2
State (Ohio) 1 of 1
Country (United States) 3 of 3
Year (2024) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-01-29 PayiQ

Irving, Texas, United States

PayiQ is a cloud-enabled payment processing platform designed to improve payment processing for ISOs and ISVs through a suite of new technologies that automate and streamline traditional back-office operations to improve efficiency and improve merchant support for resellers. For merchants, the company's Payments Intelligence solution captures and analyzes rich data from every card-based transaction in every channel and transforms everyday payment transactions into deep consumer insights. It optimizes consumer engagement operations by creating individual profiles that map previous buying behaviors and category preferences, allowing merchants to deliver personalized promotions based on a customer’s interests. PayiQ is based in Irving, Texas.

Buy $45M

Seller(S) 1

SELLER

MCPc

Cleveland, Ohio, United States
Category Company
Founded 2002
Sector Information Technology
DESCRIPTION

MCPc, Inc. is a provider of cloud based IT services to clients empower their employees to work from anywhere and on any device through innovative end point computing architectures.

DEAL STATS #
Overall 2 of 2
Sector (Information Technology) 2 of 2
Type (Divestiture) 2 of 2
State (Ohio) 1 of 1
Country (United States) 2 of 2
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-07-29 MCPc -Advanced Technology Integration Group

United States

MCPc -Advanced Technology Integration Group is a provider of IT services.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-12-05 Northern Technical Group

Maple Heights, Ohio, United States

Northern Technical Group's suite of solutions serves all phases of the hardware lifecycle, from configuration and deployment to retirement and asset value recovery. Northern Technical Group is based in Maple Heights, Ohio.

Buy -
Mergr

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