M&A Deal Summary

Rackmount Solutions Acquires Challenge Technology

On August 31, 2022, Rackmount Solutions acquired electrical equipment company Challenge Technology

Acquisition Highlights
  • This is Rackmount Solutions’ 1st transaction in the Electrical Equipment sector.
  • This is Rackmount Solutions’ 2nd transaction in the United States.
  • This is Rackmount Solutions’ 1st transaction in Colorado.

M&A Deal Summary
Date 2022-08-31
Target Challenge Technology
Sector Electrical Equipment
Buyer(s) Rackmount Solutions
Deal Type Add-on Acquisition
Advisor(s) Generational Equity LLC (Financial)

Target

Challenge Technology

Louisville, Colorado, United States
Challenge Technology provides power quality products, consulting, and maintenance services along with offering products from the most well-respected manufacturers in the industry. Challenge Technology is based in Louisville, Colorado.

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Buyer(S) 1

Buyer

Rackmount Solutions

Plano, Texas, United States
Category Company
Founded 2001
Sector Information Technology
DESCRIPTION

Rackmount Solutions provides off-the-shelf, custom, and niche server racks, server cabinets, wall mounts, portable cooling solutions, outdoor enclosures, batteries, integrated AC and DC power system solutions, rack accessories, and power, along with installation and maintenance services over the phone. Rackmount Solutions was formed in 2001 and is based in Plano, Texas.

DEAL STATS #
Overall 2 of 2
Sector (Electrical Equipment) 1 of 1
Type (Add-on Acquisition) 2 of 2
State (Colorado) 1 of 1
Country (United States) 2 of 2
Year (2022) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-07-29 Newbart

Houston, Texas, United States

Newbart is a distributor of identification card equipment and supplies. It sells cameras for photo ID cards, software to create IDs, card printers, access technology cards, lanyards, strap clips, wristbands, and other related ID card accessories. Newbart primarily serves hospitals, businesses, governmental organizations, and educational institutions. Newbart is based in Houston, Texas.

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