Divestiture • Information Technology

Synoptek Acquires Optistar Technology Consultants

On December 6, 2022, Synoptek acquired information technology company Optistar Technology Consultants from Vertex

Acquisition Context
  • This is Synoptek’s 9th transaction in the Information Technology sector.
  • This is Synoptek’s 10th transaction in the United States.
  • This is Synoptek’s 1st transaction in New York.

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M&A Deal Summary

Date December 6, 2022
Target Optistar Technology Consultants
Sector Information Technology
Buyer(s) Synoptek
Sellers(s) Vertex
Deal Type Divestiture

Target Company

Optistar Technology Consultants

New York, New York, United States
Optistar Technology Consultants is an IT consulting company focused on delivering the highest caliber managed services, comprehensive cyber security and defense capabilities and cutting-edge IT solutions with exceptional service, support and unparalleled strategic advice. Optistar Technology Consultants was founded in 1996 and is based in New York.
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Buyer Overview 1

Buyer

Synoptek

Irvine, California, United States

Category Company
Founded 2001
Sector Information Technology
DESCRIPTION

Synoptek provides information technology management services and support to organizations worldwide. The company offers solutions to manage and operate IT infrastructure using their advanced IT service management (ITSM) capabilities, automated toolsets, and skilled technologists. Synoptek was formed in 2001 and is based in Irvine, California.


Deal Context for Buyer #
Overall 10 of 10
Sector: Information Technology 9 of 9
Type: Divestiture 4 of 4
State: New York 1 of 1
Country: United States 10 of 10
Year: 2022 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-05-12 Macquarium

Atlanta, Georgia, United States

Macquarium is a digital customer experience agency that provides preeminent business consulting and development services on an international scale to the likes of Southern Company, Norfolk Southern, Snap-on-Tools, Home Depot, MGM, Equifax, UPS, Wells Fargo, and more. The company has received numerous accolades, including several Webby Awards, a Smithsonian Award for innovation, and a distinction as one of ‘Atlanta’s Best and Brightest Companies to Work For’. Macquarium was formed in 1991 and is based in Atlanta, Georgia.

Buy -

Seller Profile 1

SELLER

Vertex

Weymouth, Massachusetts, United States

Category Company
Founded 1995
Sector Engineering
DESCRIPTION

Vertex is a multidisciplinary engineering and consulting firm that provides forensic consulting, engineering design, construction management, claims & dispute resolution, environmental, and digital solutions to insurance carriers, sureties, law firms, real estate owners, property managers, public agencies, and commercial clients. Clients rely on Vertex to deliver solutions for complex situations with a high cost of failure. Vertex was founded in 1995 and is based in Weymouth, Massachusetts.


Deal Context for Seller #
Overall 1 of 1
Sector: Information Technology 1 of 1
Type: Divestiture 1 of 1
State: New York 1 of 1
Country: United States 1 of 1
Year: 2022 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-07-29 Fulcrum

Scottsdale, Arizona, United States

Fulcrum is a premier construction management consulting services firm that serves clients by providing due diligence, pre-construction, construction, and operations support. Fulcrum is based in Scottsdale, Arizona.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-07-13 Breakwater Forensics

Chicago, Illinois, United States

Breakwater Forensics is a full-service expert witness and business consulting firm that is well-regarded for experts in damages, scheduling and government contracts. Breakwater Forensics is based in Chicago, Illinois.

Buy -