M&A Deal Summary

Magna5 Acquires NovaTel

On November 10, 2016, Magna5 acquired technology hardware company NovaTel from X5 Solutions

Acquisition Highlights
  • This is Magna5’s 1st transaction in the Technology Hardware sector.
  • This is Magna5’s 3rd transaction in the United States.
  • This is Magna5’s 1st transaction in Texas.

M&A Deal Summary

Date 2016-11-10
Target NovaTel
Sector Technology Hardware
Buyer(s) Magna5
Sellers(s) X5 Solutions
Deal Type Divestiture

Target

NovaTel

San Antonio, Texas, United States
NovaTel Ltd. is a provider of voice equipment to communication industry.

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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 3 of 12
Sector: Technology Hardware M&A 1 of 1
Type: Divestiture M&A Deals 2 of 3
State: Texas M&A 1 of 1
Country: United States M&A 3 of 12
Year: 2016 M&A 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-11-10 X5 Solutions

Seattle, Washington, United States

X5 Solutions, Inc. is a provider of communication technologies to deliver diverse solutions to private and public businesses, government agencies and wholesale partners across North America.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-11-16 NetServe365

Pittsburgh, United States

NetServe365 is an award-winning managed services provider, specializes in network and server monitoring management, cloud hosting and IT consulting. The company’s fully managed IT security offerings combine certified expertise and advanced technology to supply powerful monitoring, management and incident response.

Buy -

Seller(S) 1

SELLER

X5 Solutions

Seattle, Washington, United States

Category Company
Sector Communications
DESCRIPTION

X5 Solutions, Inc. is a provider of communication technologies to deliver diverse solutions to private and public businesses, government agencies and wholesale partners across North America.


DEAL STATS #
Overall 2 of 2
Sector: Technology Hardware M&A 1 of 1
Type: Divestiture M&A Deals 2 of 2
State: Texas M&A 1 of 1
Country: United States M&A 2 of 2
Year: 2016 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-11-10 CornerStone Telephone Co.

Troy, New York, United States

CornerStone Telephone Co. is an advanced communications solutions provider for business and enterprise customers.

Sell -