M&A Deal Summary

New Charter Technologies Acquires Portland Managed Services

On October 1, 2024, New Charter Technologies acquired information technology company Portland Managed Services

Acquisition Highlights
  • This is New Charter Technologies’ 2nd transaction in the Information Technology sector.
  • This is New Charter Technologies’ 2nd transaction in the United States.
  • This is New Charter Technologies’ 1st transaction in Oregon.

M&A Deal Summary
Date 2024-10-01
Target Portland Managed Services
Sector Information Technology
Buyer(s) New Charter Technologies
Deal Type Add-on Acquisition

Target

Portland Managed Services

Portland, Oregon, United States
Portland Managed Services specializes in providing comprehensive IT services and solutions for small to medium-sized businesses, with a focus on cloud computing, managed IT services, disaster recovery, and business continuity. Portland Managed Services was founded in 1995 and is based in Portland, Oregon.

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Buyer(S) 1

Buyer

New Charter Technologies

Palo Alto, California, United States
Category Company
Sector Information Technology
DESCRIPTION

New Charter Technologies is a platform of IT service providers (“MSPs”) delivering customized IT services to small and medium-sized businesses across North America. New Charter companies offer innovative technology solutions, including project and infrastructure management, private cloud storage, disaster recovery products, virtual CIO services, advanced security features, among other offerings. New Charter Technologies is based in Palo Alto, California.

DEAL STATS #
Overall 2 of 2
Sector (Information Technology) 2 of 2
Type (Add-on Acquisition) 2 of 2
State (Oregon) 1 of 1
Country (United States) 2 of 2
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-31 Stronghold Data

Joplin, Missouri, United States

Stronghold Data provides dedicated IT support and complete IT solutions for small to medium-sized businesses in various vertical markets. The team is committed to fostering a positive environment, building long-lasting client relationships, and providing high-quality IT solutions no matter what. Stronghold Data is based in Joplin, Missouri.

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