M&A Deal Summary

Magna5 Acquires FullScope IT

On September 10, 2024, Magna5 acquired information technology company FullScope IT

Acquisition Highlights
  • This is Magna5’s 6th transaction in the Information Technology sector.
  • This is Magna5’s 10th transaction in the United States.
  • This is Magna5’s 3rd transaction in New York.

M&A Deal Summary
Date 2024-09-10
Target FullScope IT
Sector Information Technology
Buyer(s) Magna5
Deal Type Add-on Acquisition

Target

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.

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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 10 of 11
Sector (Information Technology) 6 of 7
Type (Add-on Acquisition) 7 of 8
State (New York) 3 of 3
Country (United States) 10 of 11
Year (2024) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-02-06 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.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-12-03 ThreatAdvice

Birmingham, Alabama, United States

ThreatAdvice is a leading provider of comprehensive cybersecurity solutions and managed services, committed to helping businesses protect their digital assets through innovative technology and expert support. ThreatAdvice is based in Birmingham, Alabama.

Buy -
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