M&A Deal Summary

Service Express Acquires ServIQ

On March 7, 2023, Service Express acquired information technology company ServIQ

Acquisition Highlights
  • This is Service Express’ 9th transaction in the Information Technology sector.
  • This is Service Express’ 6th transaction in the United States.
  • This is Service Express’ 1st transaction in Maryland.

M&A Deal Summary
Date 2023-03-07
Target ServIQ
Sector Information Technology
Buyer(s) Service Express
Deal Type Add-on Acquisition

Target

ServIQ

Weymouth, Maryland, United States
ServIQ is a data center support provider specializing in third-party maintenance, managed services, hardware solutions, and more. The company has transformed how organizations to purchase, maintain and upgrade IT equipment. It works alongside some of the world's largest brands and Fortune 500 customers. ServIQ was formed in 2004 and is based in Weymouth, Maryland.

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Buyer(S) 1

Buyer

Service Express

Grand Rapids, Michigan, United States
Category Company
Founded 1986
Sector Information Technology
DESCRIPTION

Service Express is a provider of Third Party Maintenance (“TPM”) 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.

DEAL STATS #
Overall 9 of 10
Sector (Information Technology) 9 of 10
Type (Add-on Acquisition) 8 of 9
State (Maryland) 1 of 1
Country (United States) 6 of 6
Year (2023) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-09-13 Sherlock Services

Barberton, Ohio, United States

Sherlock Services provides multivendor data center maintenance and hardware solutions for server, storage and network systems. Sherlock Services was founded in 1991 and is based in Barberton, Ohio.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-12-04 Mid-Range

Markham, Ontario, Canada

Mid-Range is a Gold IBM Business Partner specializing in cloud, managed infrastructure, professional services, and more. Mid-Range serves customers of all sizes and industries across North America. Mid-Range was founded in 1988 and is based in Markham, Ontario.

Buy -
Mergr

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