Call it the 11th managed services merger or acquisition so far in 2011. This time the deal involves Peak UpTime Inc. of Tulsa, Oklahoma buying managed services neighbor eMonarch. An official announcement is expected within the next few days. In the meantime, eMonarch CEO Sean Fullerton has confirmed the deal.
A tip of the hat to Ulistic CEO Stuart Crawford, who highlighted a discussion about the deal on FaceBook. As part of the deal, eMonarch's Fullerton will join Peak UpTime as CTO and director of managed services on March 1, 2011, Fullerton confirms. Financial terms of the deal have not been disclosed. Also, an official press release sounds like it's still forthcoming.
In the meantime, the Peak UpTime-eMonarch deal sounds like a classic regional consolidation move. According to their respective websites...
eMonarch "provides managed IT Services to companies with 10 to 100 desktops. Flat monthly rates allow customers to have the benefits of a fully staffed IT Department for a fraction of the cost. Since 1998, the staff of eMonarch has been delivering technology solutions to customers in various industries including commercial real estate, energy, healthcare, churches, and industrial suppliers."MSPmentor will share more thoughts about the Peak UpTime-eMonarch deal as they surface.
Also, Peak Uptime "is a full suite networked IT services company serving small to medium (SMB) and enterprise customers with applications, managed services and infrastructure technology solutions.
Peak Uptime has established a substantial presence in the Energy, Government-Education-Medical (GEM), Financial Services and Oklahoma SMB markets. Peak Uptime's geographic market consists of Oklahoma and surrounding states."
More Deals ComingMeanwhile, MSPmentor is aware of at least two other potential managed services M&A engagements:
- DirectPointe, based in Utah, has put its $8.2 million managed services provider business up for sale, MSPmentor learned last week. MSPmentor is trying to determine if DirectPointe has received any bids for the MSP practice.
- Trivalent Group, ranked No. 47 on this year's MSPmentor 100, is set to acquire an IT services provider within the next couple of weeks, CEO Larry Andrus has confirmed to MSPmentor.
Already Done DealsFrankly, it's getting difficult to track all the managed services M&A activity. The Peak UpTime-eMorch deal is the 11th managed services merger or acquisition MSPmentor has spotted so far in 2011. The others involved:
- mindSHIFT acquiring ORBIT
- Carousel acquiring OmniPresence
- Fraser Advanced Information Systems buying PennLantic Corp.
- Ancero acquiring Integrated Network Consulting Inc.
- Netgain acquiring DLP Technologies
- Microholdings US acquiring ConnectIT Networks Inc.
- Konica Minolta acquiring All Covered, a national MSP that plans continued acquisitions
- Printelligent acquiring DirectPointe’s managed print services business
- Fully Managed acquiring HIT Business Solutions as part of a Canadian expansion plan
- mindSHIFT acquiring Alpheon
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