M&A Deal Summary

Xerox Acquires ITsavvy

On October 17, 2024, Xerox acquired information technology company ITsavvy from GenNx360 Capital Partners for 400M USD

Acquisition Highlights
  • This is Xerox’s 14th transaction in the Information Technology sector.
  • This is Xerox’s 2nd largest (disclosed) transaction.
  • This is Xerox’s 32nd transaction in the United States.
  • This is Xerox’s 4th transaction in Illinois.

M&A Deal Summary
Date 2024-10-17
Target ITsavvy
Sector Information Technology
Buyer(s) Xerox
Sellers(s) GenNx360 Capital Partners
Deal Type Add-on Acquisition
Deal Value 400M USD

Target

ITsavvy

Addison, Illinois, United States
ITsavvy is a technology solutions provider that delivers frictionless IT experiences to clients across multiple segments and industries. ITsavvy leverages the power of its partner ecosystem to design, develop and deliver technology infrastructure solutions that accelerate business outcomes on behalf of its clients. ITsavvy was founded in 2004 and is based in Addison, Illinois.

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Buyer(S) 1

Buyer

Xerox

Norwalk, Connecticut, United States
Category Company
Founded 1906
Sector Business Services
Employees18,700
Revenue 6.9B USD (2023)
DESCRIPTION
Xerox office in downtown Chicago, Illinois.
Xerox office in downtown Chicago, Illinois.

Xerox is a provider of business process and document management services worldwide. Xerox was founded in 1906 and is based in Norwalk, Connecticut.

DEAL STATS #
Overall 49 of 49
Sector (Information Technology) 14 of 14
Type (Add-on Acquisition) 46 of 46
State (Illinois) 4 of 4
Country (United States) 32 of 32
Year (2024) 1 of 1
Size (of disclosed) 2 of 11
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-08-14 Xerox - Elem Additive Solutions

Norwalk, Connecticut, United States

Xerox's Elem Additive Solutions develops liquid metal 3D printer, ElemX, was developed to be a safer and simpler solution, addressing supply chain resiliency for transportation, aerospace, defense and industrial manufacturing.

Sell -

Seller(S) 1

SELLER

GenNx360 Capital Partners

New York, New York, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2006
PE ASSETS 1.8B USD
Size Large
Type Sector Agnostic
DESCRIPTION

GenNx360 Capital Partners is a private equity firm focused on acquiring mid-sized US-based businesses. GenNx360 targets companies with revenues between $50 and $500 million and $5 to $35 million of EBITDA. The Firm looks to invest $25 to $100 million per transaction. Specific areas of interest include industrial water treatment, specialty chemicals/engineered materials, industrial machinery/equipment components, agriculture products and services, global transportation component parts, aerospace/defense, oil/gas services and business services. GenNx360 Capital Partners was formed in 2006 and is based in New York City.

DEAL STATS #
Overall 16 of 16
Sector (Information Technology) 2 of 2
Type (Add-on Acquisition) 8 of 8
State (Illinois) 2 of 2
Country (United States) 14 of 14
Year (2024) 4 of 4
Size (of disclosed) 2 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-09-28 Shenandoah Industrial Solutions

Pompano Beach, Florida, United States

Shenandoah Industrial Solutions is a provider of storm drainage system inspection, cleaning, and CIPP rehabilitation serving municipalities and commercial customers. Shenandoah Industrial Solutions is based in Pompano Beach, Florida.

Sell -
Mergr

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