M&A Deal Summary

Netsmartz Acquires Gemko Information Group

On July 15, 2019, Netsmartz acquired information technology company Gemko Information Group from The Bonadio Group

Acquisition Highlights
  • This is Netsmartz’s 1st transaction in the Information Technology sector.
  • This is Netsmartz’s 1st transaction in the United States.
  • This is Netsmartz’s 1st transaction in New York.

M&A Deal Summary

Date 2019-07-15
Target Gemko Information Group
Sector Information Technology
Buyer(s) Netsmartz
Sellers(s) The Bonadio Group
Deal Type Divestiture

Target

Gemko Information Group

Amherst, New York, United States
Gemko Information Group LLC is a construction ERP software provider. Gemko software alliances enable clients to leverage technology to improve their business processes and realize a return on their investment. Gemko Information Group LLC was founded in 1990 and is based in Amherst, New York.

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Buyer(S) 1

Buyer

Netsmartz

Rochester, New York, United States

Category Company
Founded 1999
Sector Information Technology
Employees1,000
DESCRIPTION

Netsmartz LLC is an IT solutions and services provider. Netsmartz develops applications (including mobile apps), websites and eCommerce solutions that add value to your bottom line. Netsmartz LLC was founded in 1999 and is based in Rochester, New York.


DEAL STATS #
Overall 1 of 1
Sector: Information Technology M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: New York M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2019 M&A 1 of 1

Seller(S) 1

SELLER

The Bonadio Group

Pittsford, New York, United States

Category Company
Founded 1978
Sector Business Services
DESCRIPTION

The Bonadio Group provides a complete range of financial and consulting services from auditing and tax, to multidimensional accounting, business advisory, and financial services. The Bonadio Group was founded in 1978 and is based in Pittsford, New York.


DEAL STATS #
Overall 1 of 1
Sector: Information Technology M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: New York M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2019 M&A 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-08-07 Dalle

Watervliet, New York, United States

Dalle was built on a mission to provide small businesses and nonprofit organizations with financial leadership. Over the past two decades, the firm has grown into a trusted business partner for more than 500 clients, delivering everything from day-to-day accounting support to complex financial transactions and regulatory compliance through a unique team-based model. Dalle was founded in 2006 and is based in Watervliet, New York.

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