M&A Deal Summary

ITS Acquires Technology Associates

On December 15, 2025, ITS acquired information technology company Technology Associates from Raytheon Co.

Acquisition Highlights
  • This is ITS’s 9th transaction in the Information Technology sector.
  • This is ITS’s 8th transaction in the United States.
  • This is ITS’s 1st transaction in North Carolina.

M&A Deal Summary

Date 2025-12-15
Target Technology Associates
Sector Information Technology
Buyer(s) ITS
Sellers(s) Raytheon Co.
Deal Type Divestiture

Target

Technology Associates

Raleigh, North Carolina, United States
Technology Associates is a full-service technology consulting firm specialising in providing complete IT services for small to medium-sized businesses. Technology Associates was founded in 1997 and is headquartered in Raleigh, North Carolina.

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Buyer(S) 1

Buyer

ITS

Fort Washington, Pennsylvania, United States

Category Company
Founded 1994
Sector Information Technology
DESCRIPTION

ITS is a managed services provider with a focus on proactive and strategic support for small and mid-market businesses. ITS partners with clients to align technology with business goals, secure data, and networks, and improve processes through tailored, innovative solutions. In addition to providing comprehensive managed IT services, it offers cybersecurity, cloud, custom application development, and business intelligence services. ITS was founded in 1994 and is based in Fort Washington, Pennsylvania.


DEAL STATS #
Overall 10 of 10
Sector: Information Technology M&A 9 of 9
Type: Divestiture M&A Deals 1 of 1
State: North Carolina M&A 1 of 1
Country: United States M&A 8 of 8
Year: 2025 M&A 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2025-10-14 CopperTree Solutions

Waterloo, Ontario, Canada

CopperTree Solutions is a managed IT services provider dedicated to helping organizations achieve their goals through the effective use of technology—enhancing efficiency, communication, and collaboration. Backed by a strong management structure, a professional team, and a well-defined methodology, CopperTree delivers consistent, proactive outcomes across IT strategy, infrastructure, cybersecurity, and virtual CIO services. With a focus on accountability, continuous improvement, and true partnership, CopperTree is committed to driving measurable success for every client. CopperTree Solutions was formed in 2013 and is headquartered in Waterloo, Ontario.

Buy -

Seller(S) 1

SELLER

Raytheon Co.

Waltham, Massachusetts, United States

Category Company
Founded 1922
Sector Defense
Employees61,000
Revenue 27.1B USD (2018)
DESCRIPTION
Raytheon office in Burlington, Massachusetts.
Raytheon office in Burlington, Massachusetts.

Raytheon Company is a technology and innovation leader specializing in defense, security and civil markets throughout the world. Raytheon provides state-of-the-art electronics, mission systems integration and other capabilities in the areas of sensing; effects; and command, control, communications and intelligence systems; as well as a broad range of mission support services. Raytheon was established in 1922 and is based in Waltham, Massachusetts.


DEAL STATS #
Overall 10 of 10
Sector: Information Technology M&A 3 of 3
Type: Divestiture M&A Deals 10 of 10
State: North Carolina M&A 1 of 1
Country: United States M&A 10 of 10
Year: 2025 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-10-26 Forcepoint

Austin, Texas, United States

Forcepoint provides global cybersecurity by using behavior-based solutions to adapt risk in real-time and are delivered through a converged security platform that protects network users and cloud access, prevents confidential data from leaving the corporate network, and eliminates breaches caused by insiders. Forcepoint was formed in 1994 and is based in Austin, Texas.

Sell -