Other M&A Players
The deal comes as private equity-fueled investment abounds in the technology advisory channel. Upstack has acquired more than 25 independent agencies with the help of Berkshire Partners and other financial partners. Columbia Capital-backed Bluewave Technology Group recently announced its sixth acquisition in a year. In addition, Bridgepointe Technologies has been giving equity investments to its partners and acquiring agencies with the help of Charlesbank Capital Partners.
DeStefano tipped his hat to those organizations.
“They’re all formidable competitors. They just do it differently than then we’re going to do it, and they have a different methodology on how they get to their end state as to how we get to our end state,” he said. “In my opinion, I think we have a better mousetrap.”
