M&A Deal Summary

Park Place Technologies Acquires Curvature

On November 11, 2020, Park Place Technologies acquired technology hardware company Curvature from Systems Maintenance Services

Acquisition Highlights
  • This is Park Place Technologies’ 1st transaction in the Technology Hardware sector.
  • This is Park Place Technologies’ 8th transaction in the United States.
  • This is Park Place Technologies’ 1st transaction in North Carolina.

M&A Deal Summary
Date 2020-11-11
Target Curvature
Sector Technology Hardware
Buyer(s) Park Place Technologies
Sellers(s) Systems Maintenance Services
Deal Type Divestiture

Target

Curvature

Charlotte, North Carolina, United States
Curvature, Inc. is a provider in independent IT maintenance and support for storage, server and network hardware. Extend asset life cycle, decrease OpEx and delay CapEx. Curvature was founded in 1986 and is based in Charlotte, North Carolina.

Search 200,500 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Buyer(S) 1

Buyer

Park Place Technologies

Cleveland, Ohio, United States
Category Company
Founded 1991
Sector Information Technology
DESCRIPTION

Park Place Technologies is a third-party maintenance (TPM) provider that offers organizations an alternative to post-warranty storage, server and networking hardware maintenance and support in the data center. Park Place Technologies supports EMC, Dell, IBM, Cisco, Hitachi, NetApp, HP, Sun/Oracle and other data center hardware equipment in over 70 countries. Park Place Technologies was founded in 1991 and is based in Cleveland, Ohio.

DEAL STATS #
Overall 15 of 22
Sector (Technology Hardware) 1 of 1
Type (Divestiture) 3 of 7
State (North Carolina) 1 of 1
Country (United States) 8 of 14
Year (2020) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-06-02 Custom Hardware Engineering & Consulting

Fenton, Montana, United States

Custom Hardware Engineering & Consulting, Inc. is a third-party maintenance provider for disk and tape storage, networking, mainframes and mid-range server hardware equipment located in data centers throughout the United States. Custom Hardware Engineering & Consulting was founded in 1991 and is based in Fenton, Montana.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-15 Congruity360 - Hardware Maintenance and Data Migration Assets

Pembroke, Massachusetts, United States

Congruity360's Hardware Maintenance and Data Migration Assets provide vendor-agnostic, IT Management services. Congruity360's Hardware Maintenance and Data Migration Assets are based in Pembroke, Massachusetts.

Buy -

Seller(S) 1

SELLER

Systems Maintenance Services

Charlotte, North Carolina, United States
Category Company
Founded 1981
Sector Information Technology
DESCRIPTION

Systems Maintenance Services is a global provider of multivendor IT asset lifecycle services and support solutions. SMS’ advanced service portfolio includes: asset management, deployment, relocation, disposition, recycling, erasure, maintenance, and managed network and VOIP services. SMS supports more than 3,000 clients globally with physical locations across North America, Asia and Europe. SMS’ solutions include support for most datacenter brands including Cisco, IBM, HP, Dell, Oracle, EMC, Hitachi, NetApp, Lexmark and Xerox. Systems Maintenance Services was founded in 1981 and is based in Charlotte, North Carolina.

DEAL STATS #
Overall 1 of 1
Sector (Technology Hardware) 1 of 1
Type (Divestiture) 1 of 1
State (North Carolina) 1 of 1
Country (United States) 1 of 1
Year (2020) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-01-18 Curvature

Charlotte, North Carolina, United States

Curvature, Inc. is a provider in independent IT maintenance and support for storage, server and network hardware. Extend asset life cycle, decrease OpEx and delay CapEx. Curvature was founded in 1986 and is based in Charlotte, North Carolina.

Buy -
Mergr

Product

Company

Legal