M&A Deal Summary

Magna5 Acquires Apogee IT Services - US Assets

On February 6, 2023, Magna5 acquired information technology company Apogee IT Services - US Assets from Apogee IT Services

Acquisition Highlights
  • This is Magna5’s 5th transaction in the Information Technology sector.
  • This is Magna5’s 9th transaction in the United States.
  • This is Magna5’s 2nd transaction in Pennsylvania.

M&A Deal Summary

Date 2023-02-06
Target Apogee IT Services - US Assets
Sector Information Technology
Buyer(s) Magna5
Sellers(s) Apogee IT Services
Deal Type Divestiture

Target

Apogee IT Services - US Assets

Sewickley, Pennsylvania, United States
Apogee IT Services' US Assets provides Magna5 additional scale in the Pittsburgh and Boston markets, further strengthening the company’s position as a leader in managed IT services, cybersecurity, data recovery and cloud services for growing businesses. Apogee IT Services - US Assets is based in Sewickley, Pennsylvania.

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Buyer(S) 1

Buyer

Magna5

Pittsburgh, Pennsylvania, United States

Category Company
Sector Information Technology
DESCRIPTION

Magna5 is a managed IT service provider focusing in network and server monitoring, backup and disaster recovery, cybersecurity, help desk and SD-WAN. Magna5 also provides network services, unified communications, and infrastructure technology to more than 7,500 mid-market enterprise customers, including regional leaders within the education, healthcare, government, financial services and beyond. Serving small- to mid-market sized companies, Magna5 offers traditional voice and data services as well as a host of “above the net” cloud services. Magna5 is based in Pittsburgh, Pennsylvania.


DEAL STATS #
Overall 9 of 12
Sector: Information Technology M&A 5 of 8
Type: Divestiture M&A Deals 3 of 3
State: Pennsylvania M&A 2 of 3
Country: United States M&A 9 of 12
Year: 2023 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-09-07 Interphase Systems

Blue Bell, Pennsylvania, United States

Interphase Systems is a managed IT services provider servicing businesses in the Philadelphia metropolitan region with particular expertise in servicing the life sciences and financial services sectors. Interphase Systems is based in Blue Bell, Pennsylvania.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-09-10 FullScope IT

Ballston Spa, New York, United States

FullScope IT is a provider of IT support and consulting, focusing on small and medium-sized businesses in Arizona, Maryland, New York, and Virginia. FullScope IT was formed in 1999 and is headquartered in Ballston Spa, New York.

Buy -

Seller(S) 1

SELLER

Apogee IT Services

Toronto, Ontario, Canada

Category Company
Founded 1990
Sector Information Technology
DESCRIPTION

Apogee IT Services is a provider of outsourced managed IT services for firms in the SMB market. Apogee IT Services was founded in 1990 and is based in Toronto, Ontario.


DEAL STATS #
Overall 1 of 1
Sector: Information Technology M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: Pennsylvania M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2023 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-01-17 DSM Computing Solutions

Toronto, Ontario, Canada

DSM Computing Solutions, Inc. is an IT services provider based in Toronto, Ontario. Operating as a Canada-based company, Toronto becomes our third major operations center, joining Pittsburgh and Boston. DSM Computing Solutions is based in Toronto, Ontario.

Buy -