M&A Deal Summary

Thrive Networks Acquires Apex IT Group

On January 21, 2021, Thrive Networks acquired information technology company Apex IT Group

Acquisition Highlights
  • This is Thrive Networks’ 2nd transaction in the Information Technology sector.
  • This is Thrive Networks’ 2nd transaction in the United States.
  • This is Thrive Networks’ 1st transaction in New Jersey.

M&A Deal Summary
Date 2021-01-21
Target Apex IT Group
Sector Information Technology
Buyer(s) Thrive Networks
Deal Type Add-on Acquisition

Target

Apex IT Group

Mount Laurel, New Jersey, United States
Apex IT Group is a provider of IT managed services through its proprietary process-driven methodology and its “Simple to Switch” client on-boarding process. Apex IT Group is based in Mount Laurel, New Jersey.

Search 201,429 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

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 2 of 16
Sector (Information Technology) 2 of 15
Type (Add-on Acquisition) 2 of 16
State (New Jersey) 1 of 1
Country (United States) 2 of 13
Year (2021) 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-10-11 Precision IT Group

New York, New York, United States

Precision IT Group is a highly respected New York City based managed services provider (MSP). Recognized as a top MSP, both nationally and internationally, Precision IT relies on less automation and more personalized service. Precision provides a wide range of expertly engineered solutions and information technology to SMB and enterprise clients. Precision IT Group’s service portfolio includes a consultative approach to the provision of managed IT services, cloud hosting, backup and disaster recovery solutions, project management, asset management and procurement services.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-09 Howard Tech Advisors

Elkridge, Maryland, United States

Howard Tech Advisors is a provider of IT-managed services to business and non-profit organizations in Maryland. The company provides security, disaster recovery, and technical services. Howard Tech Advisors was formed in 2009 and is based in Elkridge, Maryland.

Buy -
Mergr

Product

Company

Legal