M&A Deal Summary

Thrive Networks Acquires 4it

On November 8, 2023, Thrive Networks acquired information technology company 4it

Acquisition Highlights
  • This is Thrive Networks’ 13th transaction in the Information Technology sector.
  • This is Thrive Networks’ 11th transaction in the United States.
  • This is Thrive Networks’ 4th transaction in Florida.

M&A Deal Summary
Date 2023-11-08
Target 4it
Sector Information Technology
Buyer(s) Thrive Networks
Deal Type Add-on Acquisition

Target

4it

Miami, Florida, United States
4it is a Managed Service Provider that empowers organizations through people, processes, and tools to securely help them overcome the complexity of technology. Its services include managed IT services, IT shared services, collaboration, and project management. 4it is based in Miami, Florida.

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Buyer(S) 1

Buyer

Thrive Networks

Foxborough, Massachusetts, United States
Category Company
Founded 2000
Sector Information Technology
DESCRIPTION

Thrive Networks is a managed services provider, delivers a portfolio of outsourced technology services that included cloud, hosting, security, disaster recovery, backup, replication, network management, device management, storage, virtualization and more. For nearly two decades, Thrive has leveraged leading vendor technologies, its vast technical engineering talent and a fanatical dedication to client support to service hundreds of mid-market customers across the United States. Thrive Networks was founded in 2000 and is based in Foxborough, Massachusetts.

DEAL STATS #
Overall 14 of 16
Sector (Information Technology) 13 of 15
Type (Add-on Acquisition) 14 of 16
State (Florida) 4 of 4
Country (United States) 11 of 13
Year (2023) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-07-12 IT Freedom

Austin, Texas, United States

IT Freedom is a technology-managed services provider that offers fixed-price IT services and IT support. IT Freedom was formed in 1999 and is based in Austin, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-07-11 Longleaf Network

Greensboro, North Carolina, United States

Longleaf Network is an informal group of MSPs and technology service providers operate in non-competing geographical locations. Longleaf Network is based in Greensboro, North Carolina.

Buy -
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