M&A Deal Summary

Snap Technology Acquires SynerTel

On September 15, 2016, Snap Technology acquired information technology company SynerTel from Premier IT

Acquisition Highlights
  • This is Snap Technology’s 2nd transaction in the Information Technology sector.
  • This is Snap Technology’s 2nd transaction in the United States.
  • This is Snap Technology’s 2nd transaction in California.

M&A Deal Summary

Date 2016-09-15
Target SynerTel
Sector Information Technology
Buyer(s) Snap Technology
Sellers(s) Premier IT
Deal Type Divestiture

Target

SynerTel

San Francisco, California, United States
SynerTel is a converged communications and information technology provider.

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Buyer(S) 1

Buyer

Snap Technology

Cumming, Georgia, United States

Category Company
Founded 2001
Sector Information Technology
DESCRIPTION

Snap Technology, Inc. is a provider of out sourced IT management, cloud services, professional services, data center services and internet marketing services for small and medium sized businesses nationwide.


DEAL STATS #
Overall 2 of 2
Sector: Information Technology M&A 2 of 2
Type: Divestiture M&A Deals 1 of 1
State: California M&A 2 of 2
Country: United States M&A 2 of 2
Year: 2016 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-09-15 Premier IT

El Segundo, California, United States

Premier IT, Inc. is a provider of outstanding IT support with a measurable ROI. Premier IT was established in 2000 and is headquartered in El Segundo, California.

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Seller(S) 1

SELLER

Premier IT

El Segundo, California, United States

Category Company
Founded 2000
Sector Information Technology
DESCRIPTION

Premier IT, Inc. is a provider of outstanding IT support with a measurable ROI. Premier IT was established in 2000 and is headquartered in El Segundo, California.


DEAL STATS #
Overall 1 of 1
Sector: Information Technology M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: California M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2016 M&A 1 of 1