Merger • Information Technology

Park Place Technologies Acquires Service Express

On September 10, 2025, Park Place Technologies acquired information technology company Service Express from Warburg Pincus

Acquisition Context
  • This is Park Place Technologies’ 18th transaction in the Information Technology sector.
  • This is Park Place Technologies’ 15th transaction in the United States.
  • This is Park Place Technologies’ 1st transaction in Michigan.

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M&A Deal Summary

Date September 10, 2025
Target Service Express
Sector Information Technology
Buyer(s) Park Place Technologies
Sellers(s) Warburg Pincus
Deal Type Merger
Advisor(s) Cleary Gottlieb Steen & Hamilton (Legal)

Target Company

Service Express

Grand Rapids, Michigan, United States
Service Express is a provider of third-party maintenance services for mission-critical data center infrastructure focused on server and storage equipment. Service Express was founded in 1986 and is based in Grand Rapids, Michigan.
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Buyer Overview 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 Context for Buyer #
Overall 24 of 24
Sector: Information Technology 18 of 18
Type: Merger 1 of 1
State: Michigan 1 of 1
Country: United States 15 of 15
Year: 2025 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2025-05-06 CSI

Birmingham, United Kingdom

CSI provides mission-critical managed services to mid to large-sized corporates with complex IT requirements, delivering solutions that combine deep expertise across infrastructure, applications, and cybersecurity. CSI was founded in 1983 and is based in Birmingham, United Kingdom.

Buy -

Seller Profile 1

SELLER

Warburg Pincus

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1966
PE ASSETS 83.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Warburg Pincus is a mega-sized, global private equity firm focused on investment opportunities across North America, Asia, and Europe. Warburg will consider investing at various company stages, from early-stage opportunities to distressed situations. Warburg Pincus is organized by industry groups. Verticals include financial services, healthcare, technology, media & telecommunications, energy, consumer & industrial, and real estate. Within financial services, Warburg will consider asset/wealth managers, banks, exchanges, financial technology, insurance, transaction processing, private banking, and specialty/consumer finance. Within healthcare, specific areas of interest include medical devices, healthcare services, and biotech/pharmaceuticals. Within technology/media/communications, Warburg targets software, media/internet/information, financial technology, telecom, business services, and systems/semiconductors. Within energy, specific areas of interest include oil/gas exploration, power generation/transmission, and alternative energy. Warburg Pincus raised its first fund in 1966 and is based in New York City.


Deal Context for Seller #
Overall 262 of 265
Sector: Information Technology 16 of 16
Type: Merger 13 of 13
State: Michigan 2 of 2
Country: United States 147 of 150
Year: 2025 11 of 14
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2025-09-10 Park Place Technologies

Cleveland, Ohio, United States

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.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-09-26 Fortegra

Jacksonville, Florida, United States

Fortegra is a global specialty insurance company through its subsidiaries, offers to underwrite and administer a comprehensive and diverse set of admitted and surplus insurance products and warranty solutions across the United States and around the world. Fortegra is based in Jacksonville, Florida.

Sell -