Two Managed Service Providers Merge
Tribrige and Navint have announced a merger of equals to form a national managed service provider that blankets the US. The merged company will specialize in MSP services, enterprise resource planning (ERP), customer relationship management (CRM) and Microsoft SharePoint services. This is the latest deal to land on the MSPmentor M&A Tracker, which follows mergers and acquisitions in the managed services market.
First, a word of caution: I always worry when two companies say they are engaging in a “merger of equals.” History shows there’s no such thing: I realize the merger of equals may refer to dollars, cents and business size. But when it comes to successful mergers, one corporate culture typically survives and a single executive leader typically moves the company forward.
Still, the merging companies are quick to note that they have similar cultures. According to a press release:
For Tribridge and Navint, the merger is as much about blending corporate cultures as it is about expanding service delivery capabilities. All team members will continue in their respective roles, and offices in every region will remain open. Both firms boast a disciplined project implementation methodology, stemming from a strong “Big 5” consulting services heritage that launched the careers of its founders.
Tribrige says it has a strong presence in the souteast and central US regions. Navint says it has a solid presence in the northeast and western regions. Snap the pieces together, and you get a national company that will be known as Tribridge.
Terms of the deal were not disclosed.