M&A Deal Summary

Presidio Acquires Internetwork Services

On October 10, 2024, Presidio acquired information technology company Internetwork Services

Acquisition Highlights
  • This is Presidio’s 8th transaction in the Information Technology sector.
  • This is Presidio’s 7th transaction in the United States.
  • This is Presidio’s 1st transaction in North Carolina.

M&A Deal Summary
Date 2024-10-10
Target Internetwork Services
Sector Information Technology
Buyer(s) Presidio
Deal Type Add-on Acquisition

Target

Internetwork Services

Charlotte, North Carolina, United States
Internetwork Services (IE) is an IT solution provider with an extensive presence across the Southeast region of the U.S. The company has deep expertise in delivering customized technology solutions, consulting, and operational services to mid-market and enterprise clients across the Southeast. It helps simplify complex IT, enabling organizations to foster more meaningful connections with the people they care about most - their customers and teams. Specializing in collaboration, data center, networking, and cybersecurity solutions, IE aligns technology with business goals to drive transformative growth. Internetwork Services was formed in 1996 and is based in Charlotte, North Carolina.

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Buyer(S) 1

Buyer

Presidio

New York, New York, United States
Category Company
Founded 2003
Sector Information Technology
Revenue 2.9B USD (2018)
DESCRIPTION

Presidio is a technology services and solutions provider that builds traditional IT foundations and offers deep expertise in automation, security, networking, digital transformation, and cloud computing, It develops custom applications, provides managed services, enables actionable data insights, and builds forward-thinking solutions that drive extraordinary outcomes for customers globally. Presidio was founded in 2003 and is based in New York City.

DEAL STATS #
Overall 8 of 10
Sector (Information Technology) 8 of 9
Type (Add-on Acquisition) 8 of 10
State (North Carolina) 1 of 1
Country (United States) 7 of 9
Year (2024) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-06-13 Rove

Charlotte, Ohio, United States

Rove is a veteran-owned systems integrator that services enterprise, commercial, and public sector clients across the Southeast region of the U.S. Its mission is to partner with customers on their transformational business process initiatives to deliver impactful technology solutions that provide modernized business platforms. Rove was founded in 2016 and is based in Charlotte, North Carolina.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-10-28 Kinney Group

Carmel, Indiana, United States

Kinney Group is an engineering provider focusing on delivering transformative data analytics, automation, and AI/ML solutions. Kinney Group was founded in 2006 and is based in Carmel, Indiana.

Buy -
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