M&A Deal Summary

Thrive Networks Acquires Safety Net

On October 16, 2024, Thrive Networks acquired information technology company Safety Net

Acquisition Highlights
  • This is Thrive Networks’ 15th transaction in the Information Technology sector.
  • This is Thrive Networks’ 13th transaction in the United States.
  • This is Thrive Networks’ 1st transaction in Michigan.

M&A Deal Summary
Date 2024-10-16
Target Safety Net
Sector Information Technology
Buyer(s) Thrive Networks
Deal Type Add-on Acquisition

Target

Safety Net

Traverse City, Michigan, United States
Safety Net is an IT services firm that supports businesses throughout Michigan with a focus on security and excellence. Safety Net was formed in 2003 and is based in Traverse City, Michigan.

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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 16 of 16
Sector (Information Technology) 15 of 15
Type (Add-on Acquisition) 16 of 16
State (Michigan) 1 of 1
Country (United States) 13 of 13
Year (2024) 2 of 2
PREVIOUS 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.

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