M&A Deal Summary

ProVelocity Acquires LANstar

On July 20, 2023, ProVelocity acquired information technology company LANstar

Acquisition Highlights
  • This is ProVelocity’s 1st transaction in the Information Technology sector.
  • This is ProVelocity’s 1st transaction in the United States.
  • This is ProVelocity’s 1st transaction in Arizona.

M&A Deal Summary
Date 2023-07-20
Target LANstar
Sector Information Technology
Buyer(s) ProVelocity
Deal Type Add-on Acquisition
Advisor(s) Generational Equity LLC (Financial)

Target

LANstar

Mesa, Arizona, United States
LANstar provides IT Support, VoIP telephones, and Cloud solutions to Arizona businesses. LANstar was founded in 2000 and is based in Mesa, Arizona.

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Buyer(S) 1

Buyer

ProVelocity

Grand Junction, Colorado, United States
Category Company
Sector Business Services
DESCRIPTION

ProVelocity provides comprehensive outsourced IT services to small- and medium-sized businesses and local governments. The Company provides clients with guidance to define an overall IT strategy, followed by tactical support to design the IT infrastructure. ProVelocity is based in Grand Junction, Colorado.

DEAL STATS #
Overall 1 of 1
Sector (Information Technology) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Arizona) 1 of 1
Country (United States) 1 of 1
Year (2023) 1 of 1
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