Add-on Acquisition • Information Technology

Thrive Networks Acquires Safety Net

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

Acquisition Context
  • 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.

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M&A Deal Summary

Date October 16, 2024
Target Safety Net
Sector Information Technology
Buyer(s) Thrive Networks
Deal Type Add-on Acquisition

Target Company

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 Overview 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 Context for Buyer #
Overall 16 of 20
Sector: Information Technology 15 of 19
Type: Add-on Acquisition 16 of 20
State: Michigan 1 of 2
Country: United States 13 of 17
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.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-02-13 Secured Network Services

Littleton, New Hampshire, United States

Secured Network Services is an IT provider for organizations across industries, including healthcare, non-profit, and municipal government. Secured Network Services was formed in 2002 and is headquartered in Littleton, New Hampshire.

Buy -