Recent IT Services Acquisitions
Acquisition Volume in IT Services by Year
Last 5 years
This page highlights recent acquisitions and investments shaping the IT Services sector, from managed services rollups to strategic tuck‑ins that expand cloud, security, and industry‑specific capabilities. Transactions range from strategic buyers like Ricoh and Armanino to private equity and platform investors such as AEA Investors and AYCE Capital.
Common themes across these deals include scaling multi‑cloud engineering and hyperscaler relationships (for example, Sela’s combination with 2bcloud), consolidating managed services footprints (for example, Net at Work acquiring OnPar Technologies), and adding specialized ERP, HRIS, and process automation capabilities (for example, Innovia Consulting and Ricoh transactions). Several deals also emphasize cybersecurity, compliance, and AI-enabled services as part of platform growth.
What Stands Out
- Cloud engineering and hyperscaler partnerships are a clear focus (for example, Sela + 2bcloud, creating a multi‑cloud engineering platform with more than 500 cloud engineers).
- Managed services consolidation and platform scale: transactions expand regional footprints and delivery capacity (examples: Net at Work acquires OnPar Technologies; AEA Investors invests in Magna5).
- Security, compliance, and AI/data capabilities are being added or prioritized in deals (for example, Myriad360 + Advizex Technologies; Magna5 growth plan includes cybersecurity and AI‑enabled capabilities).
- Industry and application specialization — Microsoft/Dynamics, ERP/vertical solutions, and HR/Workday integrations — are common strategic targets (examples: Innovia Consulting with 365Vertical/365 Cannabis, HR Path with Lumi).
- Geographic breadth: recent deals span the United States (multiple states), Canada (Alberta, Ontario), Israel, Chile, and the UK.
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- Buyer
- Autodesk
- Target
- Rhumbix
- Industry
- IT Services
- Type
- Buyout
Autodesk completed its acquisition of Rhumbix, a construction technology company that captures real-time jobsite data. The acquisition is intended to improve cost visibility and decision-making by connecting accurate field execution data to project and financial workflows, helping contractors reduce reactive management and improve forecasting.
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- Buyer
- Court Square Capital Partners
- Target
- CallTower
- Seller
- BV Investment Partners
- Industry
- IT Services
- Location
- Utah, United States
- Type
- Buyout
Court Square Capital Partners acquired a majority stake in CallTower, a global provider of enterprise cloud communications and collaboration solutions. The deal is from BV Investment Partners, which had acquired a majority stake in 2023.
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April 2, 2026
- Buyer
- FormativGroup, Rockbridge Growth Equity
- Target
- Flok
- Industry
- IT Services
- Location
- United States
- Type
- Addon
FormativGroup, backed by Rockbridge Growth Equity, acquired Flok, a specialist in Salesforce Service Cloud and Experience Cloud solutions. The deal is intended to strengthen FormativGroup’s application solutions platform and deepen capabilities in customer support transformation and digital engagement, particularly for mid-market and regulated industry clients.
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April 1, 2026
- Buyer
- Radiant Vision Systems, Konica Minolta Sensing Americas
- Target
- Radiant Vision Systems, Konica Minolta Sensing Americas
- Industry
- IT Services
- Location
- Washington, United States
- Type
- Buyout
Radiant Vision Systems will merge with its sister company Konica Minolta Sensing Americas to create a unified sensing and measurement business. The combined company, Konica Minolta Sensing Americas (KMSA), is scheduled to take effect on April 1, 2026, with headquarters in Redmond, Washington and a primary office in Ramsey, New Jersey.
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- Buyer
- Arbiter
- Target
- Vertical Raise
- Industry
- IT Services
- Location
- United States
- Type
- Addon
Arbiter, a platform for K–12 athletics and school activity operations, acquired school-focused fundraising provider Vertical Raise. The deal expands Arbiter’s integrated fundraising offering alongside its existing registration, payments, scheduling, facilities, and website management tools.
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- Buyer
- Sterling Engineering
- Target
- Absolute Machine Control Technologies, Inc. (AMCT)
- Industry
- IT Services
- Location
- Illinois, United States
- Type
- Buyout
Sterling Engineering acquired Absolute Machine Control Technologies, Inc. (AMCT), a Rockford, Illinois provider of controls engineering and system integration services. The deal is intended to strengthen Sterling’s automation and machine controls capabilities, enabling more end-to-end automation solutions including PLC programming, electrical/software design, maintenance, and retrofits.
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March 31, 2026
- Buyer
- Liventus
- Target
- Tamarack
- Industry
- IT Services
- Location
- Minnesota, United States
- Type
- Buyout
Liventus, an equipment finance-focused technology and modernization company, acquired Tamarack, a provider of software and professional services for the equipment finance industry. The transaction combines both firms’ domain expertise and engineering capabilities to deliver expanded, customizable AI-driven technology across the equipment finance lifecycle. The deal was completed on March 31, 2026, with Corum Group providing advisory support.
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- Buyer
- LDC
- Target
- i247 Group (i247)
- Industry
- IT Services
- Location
- United Kingdom
- Type
- Growth capital
i247 Group, a technology-led fleet management and custom software provider for the automotive leasing sector, has secured investment from private equity investor LDC. The funding is intended to accelerate growth through expanded product and service offerings in the UK and internationally, platform enhancements, and technological innovation (including connected vehicles and AI).
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- Buyer
- Infosys
- Target
- Stratus
- Industry
- IT Services
- Location
- United States
- Type
- Buyout
Infosys announced a definitive agreement to acquire Stratus, a U.S.-based technology solutions provider focused on property and casualty insurance. The deal is intended to strengthen Infosys’ AI-driven digital transformation capabilities by combining Infosys’ cloud and AI platforms with Stratus’ Guidewire InsuranceSuite services and insurance domain expertise.
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March 27, 2026
- Buyer
- Consero Global
- Target
- Waxman Associates
- Industry
- IT Services
- Location
- Missouri, United States
- Type
- Buyout
Consero Global acquired Waxman Associates, an outsourced finance and accounting and advisory firm focused on the Senior Living industry. The deal is intended to establish a dedicated Consero platform for serving senior living property management operators with enhanced financial operations, reporting, planning, and advisory capabilities.
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March 26, 2026
- Buyer
- V-Soft Consulting
- Target
- Logisolve
- Industry
- IT Services
- Location
- Kentucky, United States
- Type
- Buyout
V-Soft Consulting, an IT consulting and staffing provider, acquired Minnesota-based Logisolve, a management and technology consultancy that also provides staffing. The deal strengthens V-Soft’s Data & AI Center of Excellence and expands its technology and industry advisory capabilities, particularly around AI and enterprise platform support.
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March 26, 2026
- Buyer
- Motorola Solutions Canada Networks Inc.
- Target
- Bell Canada land mobile radio networks services business
- Seller
- Bell Mobility, the wireless subsidiary of Bell Canada, BCE Inc.
- Industry
- IT Services
- Location
- Ontario, Canada
- Type
- Buyout
Motorola Solutions Canada Networks Inc., a subsidiary of Motorola Solutions, entered into a definitive agreement to acquire Bell Canada’s land mobile radio networks services business from Bell Mobility (a subsidiary of Bell Canada) and BCE Inc. for CAD $675 million, subject to customary adjustments and a deferred net working capital settlement. The transaction is expected to close in the fourth quarter of 2026, pending regulatory and third-party approvals and other customary closing conditions.
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March 26, 2026
- Buyer
- Etna Capital (affiliate)
- Target
- CodeRoad, Inc. (CodeRoad)
- Seller
- Peak Rock Capital (affiliate)
- Industry
- IT Services
- Location
- Texas, United States
- Type
- Buyout
An affiliate of Etna Capital has completed the acquisition of CodeRoad, Inc., an AI-first digital engineering and software development services provider. CodeRoad will continue scaling its Velocity-as-a-Service (VaaS) platform and expanding nearshore talent to deliver agentic AI solutions and digital transformation services to enterprise customers across North America.
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March 25, 2026
- Buyer
- Convergence Networks
- Target
- Certinet Systems
- Industry
- IT Services
- Location
- Washington, United States
- Type
- Buyout
Convergence Networks, a managed services provider, announced the acquisition of Yakima-based IT services firm Certinet Systems. The deal is intended to expand Convergence Networks’ Pacific Northwest presence and strengthen cybersecurity and regulatory compliance capabilities for organizations in highly regulated industries.
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- Buyer
- Cross Rapids Capital LP (affiliate)
- Target
- Nickerson NY, LLC
- Seller
- Chicago Capital Partners (affiliate)
- Industry
- IT Services
- Location
- New York, United States
- Type
- Recapitalization
Nickerson NY, LLC (“Nickerson”) completed an equity recapitalization to support growth, with a new growth equity investment from an affiliate of Cross Rapids Capital LP (“Cross Rapids”). Chicago Capital Partners, through an affiliate, exited its equity investment following Nickerson’s strong growth during its prior partnership.
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March 24, 2026
- Buyer
- Juris Digital
- Target
- JurisPage
- Seller
- Uptime Legal
- Industry
- IT Services
- Location
- United States
- Type
- Buyout
Juris Digital, a law-firm-focused digital marketing agency headquartered in Denver, announced it is acquiring JurisPage from Uptime Legal. The deal is designed to combine JurisPage’s law-firm website and legal technology foundation with Juris Digital’s SEO, content, and paid media capabilities to deliver integrated marketing and secure technology infrastructure to law firms across North America.
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March 23, 2026
- Buyer
- Vertiv
- Target
- ThermoKey S.p.A.
- Industry
- IT Services
- Location
- Italy
- Type
- Buyout
Vertiv (NYSE: VRT) entered into an agreement to acquire ThermoKey S.p.A., a provider of heat-rejection and heat-exchange technologies used in data center cooling. The acquisition is expected to expand Vertiv’s thermal management portfolio and manufacturing footprint—particularly in EMEA—and strengthen end-to-end thermal solutions for AI factories and high-density data centers.
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March 23, 2026
- Buyer
- Ivy Technology
- Target
- Tempest Telecom Solutions
- Industry
- IT Services
- Location
- Texas, United States
- Type
- Buyout
Ivy Technology announced its acquisition of Tempest Telecom Solutions, a provider of wireless network technology equipment and solutions for telecom, enterprise, and government customers. The deal strengthens Ivy’s telecom lifecycle capabilities by expanding wireless expertise alongside its existing wireline-focused services and building on its recent purchase of PureWrx.
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March 23, 2026
- Buyer
- Stonepeak Credit, Acture Solutions
- Target
- Artilus, Inc.
- Industry
- IT Services
- Location
- New York, United States
- Type
- Addon
Acture Solutions announced it received strategic growth financing from Stonepeak Credit to support its continued expansion, including the acquisition of Artilus, Inc. Artilus is a Long Island–based provider of cybersecurity, managed IT, and systems integration services that will add depth to Acture’s vertical K–12 and other regulated-market IT and cybersecurity offerings in New York’s Northeast region.
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March 20, 2026
- Buyer
- Astro Pak, The Stephens Group
- Target
- Clean Sciences, LLC
- Industry
- IT Services
- Location
- United States
- Type
- Addon
Astro Pak acquired Clean Sciences, LLC, a precision cleaning services company specializing in ultrasonic cleaning, high-purity solvent/detergent processes, chemical etching, and hot RO/DI water rinsing. The deal expands Astro Pak’s cleanroom footprint—particularly in Northern California—and strengthens its capabilities serving semiconductor and defense markets under The Stephens Group’s ownership.
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March 20, 2026
- Buyer
- Blackford Capital
- Target
- Habco Partnership, Moro Corporation
- Industry
- IT Services
- Location
- Missouri, United States
- Type
- Addon
Blackford Capital launched a new HVAC, Electrical and Diversified Services (HEDS) platform by merging its December 2025 acquisitions of Habco Partnership and Moro Corporation under the Habco name. Habco, a national full-service electrical contracting firm, and Moro, a construction services and materials business, are being combined to create an integrated provider of HVAC and electrical services.
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March 19, 2026
- Buyer
- Architect Equity
- Target
- SDI, Inc.
- Seller
- LLR Partners
- Industry
- IT Services
- Location
- Pennsylvania, United States
- Type
- Buyout
Architect Equity acquired SDI, Inc. (SDI), a provider of outsourced procurement, supply chain management, and group purchasing (GPO) services, from LLR Partners. The acquisition is Architect’s ninth platform acquisition; financial terms were not disclosed.
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- Buyer
- Arctiq
- Target
- Shadow-Soft
- Industry
- IT Services
- Location
- Georgia, United States
- Type
- Buyout
Arctiq announced it has acquired Shadow-Soft, an Atlanta-based technology services firm specializing in observability, automation, and modern platform operations. The deal is intended to strengthen Arctiq’s engineering capabilities and accelerate delivery of intelligent operations across complex digital environments.
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March 16, 2026
- Buyer
- AttivoERP
- Target
- Acuity Consulting Group LLC
- Seller
- Joe Timmins (founder and former owner of Acuity)
- Industry
- IT Services
- Location
- Rhode Island, United States
- Type
- Addon
AttivoERP, a value-added reseller focused on ERP solutions, announced the acquisition of Acuity Consulting Group LLC, an ERP advisory and operational consulting firm. The deal is intended to expand AttivoERP’s capabilities and provide Acuity’s clients with access to AttivoERP’s resources while preserving Acuity’s legacy and team.
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March 16, 2026
- Buyer
- Aurora Energy Research
- Target
- EDC Associates Ltd.
- Industry
- IT Services
- Location
- Alberta, Canada
- Type
- Buyout
Aurora Energy Research has announced it is acquiring EDC Associates Ltd., a specialist consultancy with deep expertise in Alberta’s power market. The deal is intended to strengthen Aurora’s local market coverage ahead of Alberta’s Restructured Energy Market (REM) transition and to enhance the analytics Aurora can deliver to clients.
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March 14, 2026
- Buyer
- Agero
- Target
- Urgently (Urgent.ly)
- Industry
- IT Services
- Location
- United States
- Type
- Buyout
Roadside and mobility assistance technology provider Urgently (Urgent.ly) has agreed to be acquired by Agero for $5.50 per share in cash. The deal will be implemented via a tender offer followed by a merger, with expected closing by the end of May 2026, subject to customary conditions.
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March 13, 2026
- Buyer
- FOSS Group, N. Foss & Co. A/S
- Target
- Wasatch Photonics
- Industry
- IT Services
- Location
- United States
- Type
- Buyout
FOSS announced that it has acquired North American spectrometer specialist Wasatch Photonics in a deal valued at just under DKK 250 million (about $39 million). Wasatch Photonics will join the FOSS Photonics portfolio, with the businesses continuing to operate independently while benefiting from FOSS’s resources and strategic direction.
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March 13, 2026
- Buyer
- Sphere 3D
- Target
- Cathedra Bitcoin Inc.
- Industry
- IT Services
- Location
- Canada
- Type
- Buyout
Sphere 3D entered into a definitive agreement to acquire Cathedra Bitcoin Inc. in an all-stock transaction. The combined company will focus on high-density computing infrastructure, digital assets, and energy optimization, integrating Sphere’s bitcoin mining fleet with Cathedra’s power and data center development capabilities.
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March 12, 2026
- Buyer
- EchoStor Technologies
- Target
- Pennant Networks
- Industry
- IT Services
- Location
- Massachusetts, United States
- Type
- Buyout
EchoStor Technologies announced it has acquired Pennant Networks, a life sciences-focused technology consulting and managed services firm. The deal strengthens EchoStor’s managed services capabilities and expands its presence in highly regulated life sciences IT markets, with Pennant continuing to operate through its existing teams and service model.
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- Buyer
- ISPN, Align Capital Partners (ACP)
- Target
- ZCorum
- Seller
- Julie Compann (former CEO of ZCorum; named in succession context)
- Industry
- IT Services
- Location
- Georgia, United States
- Type
- Addon
ISPN, a managed services provider focused on broadband operators, completed its acquisition of ZCorum, a provider of broadband diagnostics and managed services. The deal expands ISPN’s capabilities across cable and fiber networks, adding offerings such as managed cybersecurity, hosted VoIP, and IPTV to better support rural and underserved internet service providers.
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March 12, 2026
- Buyer
- Propy
- Target
- Boss Law (title division)
- Seller
- Christopher Boss (owner of Boss Law)
- Industry
- IT Services
- Location
- United States
- Type
- Addon
Propy announced the multimillion acquisition of Boss Law’s title division, expanding Propy’s AI-led real estate transaction roll-up into Florida’s institutional REIT and high-volume wholesale investor market. The deal brings Boss Law’s St. Petersburg and Seminole offices under the Propy Title banner and adds major institutional clients to Propy’s platform.
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- Buyer
- RadiusDC
- Target
- phoenixNAP's Phoenix data center and colocation business
- Seller
- phoenixNAP
- Industry
- IT Services
- Location
- Arizona, United States
- Type
- Buyout
RadiusDC has entered into a definitive agreement to acquire phoenixNAP's Phoenix data center and colocation business in Phoenix, Arizona. The transaction is expected to close in Q2 2026 and includes the existing Phoenix colocation facility, interconnection infrastructure, and development rights for future campus expansion to create RadiusDC's Phoenix I campus.
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March 12, 2026
- Buyer
- Pye-Barker Fire & Safety
- Target
- Priority One Security
- Seller
- William Francis, Sr. (president and owner of Priority One Security)
- Industry
- IT Services
- Location
- South Carolina, United States
- Type
- Addon
Pye-Barker Fire & Safety acquired Priority One Security, a full-service smart security integrator with offices in South Carolina and Tennessee. The deal adds more than 80 team members and expands Pye-Barker’s Southeast operations with four additional locations.
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March 12, 2026
- Buyer
- Eaton
- Target
- Boyd Thermal (thermal management business of Boyd Corporation)
- Seller
- Boyd Corporation, Goldman Sachs Asset Management
- Industry
- IT Services
- Location
- United States
- Type
- Buyout
Eaton announced it has completed (and previously agreed) to acquire the Boyd Thermal business from Boyd Corporation, with the Thermal business sold from Goldman Sachs Asset Management. The transaction strengthens Eaton’s data center “grid-to-chip” power and liquid-cooling infrastructure offering and is expected to be accretive to adjusted earnings in year two after closing.
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March 12, 2026
- Buyer
- Burlington Capital Partners, RF Investment Partners
- Target
- RS Boes Holdings
- Seller
- Robert Boes, Stephanie Boes
- Industry
- IT Services
- Location
- United States
- Type
- Addon
Burlington Capital Partners and RF Investment Partners acquired RS Boes Holdings, a multi-territory Precision Garage Door Service (PDS) franchisee operating across four states. Boxwood Partners advised the seller, RS Boes Holdings, led by Robert and Stephanie Boes.
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March 10, 2026
- Buyer
- FFL Partners, Pioneer HOA
- Target
- Western-focused full-service HOA property management company (name not disclosed)
- Industry
- IT Services
- Location
- California, United States
- Type
- Addon
FFL Partners launched Pioneer HOA, a new holding platform intended to consolidate and scale homeowners association (HOA) property management companies across the United States. The platform will support acquired regional HOA management firms with technology-driven tools, operational support, and AI-enabled capabilities, while allowing them to maintain local brands.
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March 10, 2026
- Buyer
- Argano
- Target
- Denovo Ventures, LLC
- Industry
- IT Services
- Location
- Texas, United States
- Type
- Buyout
Argano, a global specialist consultancy focused on high-performance business operations, announced it acquired Denovo Ventures, LLC, an Oracle ERP infrastructure and managed services provider. The transaction expands Argano’s JD Edwards and Oracle Cloud capabilities, particularly around OCI migration, hosting, and long-term managed support.
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March 10, 2026
- Buyer
- Pape-Dawson
- Target
- BHC
- Industry
- IT Services
- Location
- Kansas, United States
- Type
- Buyout
Pape-Dawson acquired BHC, a national engineering and surveying firm headquartered in Overland Park, Kansas, to establish and anchor its new Midwest Region in Kansas City. The deal expands Pape-Dawson’s multidisciplinary engineering and consulting capabilities by combining Pape-Dawson’s services with BHC’s telecommunications, public works, development, surveying, construction services, and landscape architecture expertise.
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- Buyer
- TalkCounsel
- Target
- LegalSafe
- Industry
- IT Services
- Location
- United States
- Type
- Buyout
TalkCounsel, an on-demand legal marketplace, acquired LegalSafe, an automated legal risk assessment platform for small businesses. The integration embeds LegalSafe’s five-minute compliance and legal risk assessments (including AI-related compliance readiness) into TalkCounsel’s attorney network and service workflow.
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- Buyer
- Capgemini
- Target
- Piterion
- Industry
- IT Services
- Location
- Baden-Württemberg, Germany
- Type
- Buyout
Capgemini has signed an agreement to acquire Piterion, an independent specialist in product lifecycle management (PLM) and manufacturing operations management (MOM). The deal is expected to expand Capgemini’s global PLM practice and industrial digitalization capabilities, including agent-based solutions and AI-driven analytics.
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March 9, 2026
- Buyer
- Sage IT
- Target
- AppsTek Corp
- Industry
- IT Services
- Location
- Texas, United States
- Type
- Buyout
AppsTek Corp, a Dallas-headquartered digital engineering services firm, announced it has been acquired by Sage IT, a global technology services organization focused on AI-driven digital transformation and enterprise modernization. The deal combines Sage IT’s AI-led transformation and data modernization capabilities with AppsTek’s digital engineering services, ERP implementations, and managed services. AppsTek will operate as a separate entity under the Sage IT umbrella, retaining its brand and leadership.
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- Buyer
- Mastercam Canada, Mastercam (affiliate; part of Sandvik Group), Sandvik Group
- Target
- In-House Solutions
- Industry
- IT Services
- Location
- Ontario, Canada
- Type
- Buyout
Mastercam Canada, an affiliate of Mastercam and part of the Sandvik Group, completed the acquisition of its longtime channel partner In-House Solutions. In-House Solutions will operate as Mastercam Canada, transitioning from a partner model to direct operations to expand Mastercam’s Canadian market presence and improve regional support for manufacturers.
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March 6, 2026
- Buyer
- GreenArrow Holdings, Inc.
- Target
- The Narwhal Group
- Industry
- IT Services
- Location
- Utah, United States
- Type
- Buyout
GreenArrow Holdings, Inc. announced the successful acquisition of The Narwhal Group to expand its Intelligent Transportation Systems (ITS) and infrastructure networking portfolio. The Narwhal Group is described as a full-service technology firm supporting highway operations, ITS, road weather operations, maintenance, and related system integration.
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March 6, 2026
- Buyer
- Accenture
- Target
- Verum Partners
- Industry
- IT Services
- Location
- Brazil
- Type
- Buyout
Accenture has agreed to acquire Verum Partners, an infrastructure and capital projects management firm, to expand its Infrastructure & Capital Projects practice in Latin America. The deal combines Accenture’s digital and advanced AI capabilities with Verum Partners’ on-site execution leadership to help clients improve predictability and reduce risk across complex industrial infrastructure megaprojects.
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March 5, 2026
- Buyer
- B/CORE, NewSpring Holdings
- Target
- Fuel Consulting
- Seller
- Heidi Gerhards (Founder, Fuel Consulting)
- Industry
- IT Services
- Location
- Virginia, United States
- Type
- Addon
B/CORE announced it has acquired Fuel Consulting to strengthen its ability to turn emerging technologies into operational capabilities for the U.S. Intelligence Community and Department of War. Fuel Consulting brings nearly two decades of mission expertise and advisory capabilities in organizational transformation, governance frameworks, and technology integration.
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March 5, 2026
- Buyer
- HighPoint
- Target
- CloudView Partners
- Industry
- IT Services
- Type
- Addon
HighPoint, a provider of modern networking and cybersecurity solutions, announced it has acquired CloudView Partners, a specialized cloud consulting firm. The acquisition is intended to expand HighPoint’s hybrid-cloud and platform engineering capabilities by integrating CloudView’s cloud migration, modernization, managed services, and automation expertise across Azure/Microsoft 365/Power Platform and AWS.
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- Buyer
- Alchemy Technology Group
- Target
- Enterprise Computing Solutions, Inc. (ECS)
- Industry
- IT Services
- Location
- California, United States
- Type
- Buyout
Alchemy Technology Group, an IT advisory, consulting, and reseller firm backed by Avance Investment Management, acquired Enterprise Computing Solutions, Inc. (ECS), a Southern California provider of edge computing, cloud, and security solutions. The deal expands Alchemy’s West Coast presence and strengthens its capabilities in edge networking, network security, and managed infrastructure services for mid- and large-enterprise customers.
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March 5, 2026
- Buyer
- ASA Safety Supply, Trivest Partners LP
- Target
- Indiana Safety & Supply (ISS)
- Industry
- IT Services
- Location
- Indiana, United States
- Type
- Addon
ASA Safety Supply, a portfolio company of Trivest Partners, has announced the acquisition of Indiana Safety & Supply (ISS), a Washington, Indiana-based distributor of PPE and facility safety products. The deal is intended to expand ASA Safety’s geographic footprint and increase purchasing scale, supporting broader private-label product offerings across the ASA Safety platform.
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- Buyer
- Semtech Corporation
- Target
- HieFo Corporation
- Industry
- IT Services
- Location
- California, United States
- Type
- Buyout
Semtech Corporation acquired HieFo Corporation, a California-based manufacturer of high-efficiency indium phosphide (InP) optoelectronic devices used in optical transceivers for data center connectivity. The acquisition strengthens Semtech’s semiconductor chipset portfolio and enables tighter integration of HieFo’s lasers and gain chips with Semtech’s transimpedance amplifiers and laser driver solutions to support next-generation 1.6T and 3.2T data center architectures.
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March 5, 2026
- Buyer
- Yellow Stripes Capital
- Target
- NoblQ
- Seller
- Caldwell Velnambi, Nepoleon Duraisamy
- Industry
- IT Services
- Location
- Ohio, United States
- Type
- Buyout
Yellow Stripes Capital (YSC) has acquired a majority stake in NoblQ, a global digital transformation and IT services provider. The investment is intended to accelerate NoblQ’s AI-enabled enterprise modernization strategy, expand delivery operations across North America, Europe, and Asia, and grow its digital engineering and enterprise modernization practices.
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Frequently Asked Questions
What types of buyers are active in IT services deals?
A mix of strategic acquirers, private equity and platform investors are active. Examples include strategic firms such as Ricoh and Armanino, private equity or investor groups like AEA Investors and AYCE Capital, and growing platform buyers such as Myriad360 and Net at Work.
Which capabilities are acquirers prioritizing?
Buyers are prioritizing cloud engineering and hyperscaler relationships, managed services scale, cybersecurity and compliance, AI/data capabilities, and industry‑specific applications (Microsoft/Dynamics, ERP, HRIS/Workday). Recent deals that reflect these priorities include Sela + 2bcloud, Myriad360 + Advizex Technologies, and Innovia Consulting acquiring 365Vertical.
Where are recent IT services transactions occurring?
Transactions in the recent sample span North America (multiple U.S. states, Alberta and Ontario in Canada), Israel, Chile and the UK. Recent locations called out include Virginia, Ohio, North Carolina, Utah, Alberta, Ontario, Santiago (Chile) and Israel.
How do these deals typically affect customers and delivery?
Acquisitions generally aim to broaden technical capabilities and geographic reach while preserving service continuity. For example, Net at Work integrated OnPar Technologies to expand managed services while maintaining client support, and ERT’s acquisition of Sev1Tech keeps existing government contracts in place as capabilities are combined.