M&A Deal Summary

ITS Acquires Pace Technical

On November 12, 2024, ITS acquired information technology company Pace Technical

Acquisition Highlights
  • This is ITS’s 5th transaction in the Information Technology sector.
  • This is ITS’s 1st transaction in Canada.
  • This is ITS’s 1st transaction in Ontario.

M&A Deal Summary
Date 2024-11-12
Target Pace Technical
Sector Information Technology
Buyer(s) ITS
Deal Type Add-on Acquisition

Target

Pace Technical

Markham, Ontario, Canada
Pace Technical is an IT provider, offering a robust team of industry experts who specialize in helping companies manage their IT needs and mitigate their cybersecurity risks. Pace Technical is based in Markham, Ontario.

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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 6 of 6
Sector (Information Technology) 5 of 5
Type (Add-on Acquisition) 6 of 6
State (Ontario) 1 of 1
Country (Canada) 1 of 1
Year (2024) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-06-10 Steady Networks

Albuquerque, New Mexico, United States

Steady Networks is an IT provider specializing in IT services for the medical and legal industries, Steady Networks is your partner in both reliable Computer Support and the long-term success of your business. Steady Networks was formed in 2012 and is headquartered in Albuquerque, New Mexico.

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