Technology and Digital Services

Deal volumes in the IT services sector in Q1 eased off record highs seen in 2021. Although deals were down quarter over quarter, deal count was still significantly above pre-pandemic levels.

While the long-tail echo of the pandemic has adversely affected many industries, large incumbents have competed with record levels of private equity dry powder to acquire smaller but promising IT services businesses. Although M&A activity seems as though it has reached a peak, we believe there is still room for deal counts and multiples to …

Technology and Digital Services Industry Update – Q3 2021 Read More »

The technology and support services vertical has experienced an upsurge in M&A deal activity post-pandemic, enhanced by an ever-greater need for digital communications, cybersecurity, and data connectedness. Likewise, the integration services vertical has erupted, with 40% more completed deals in the period following the pandemic compared to the period leading up to it.

SpendMend LLC, a company that provides spending visibility and audit and recovery services to the health care industry, sold a majority stake to Chicago-based private equity firm Sheridan Capital Partners. The recapitalization and investment from Sheridan Capital, which invested along with SpendMend’s founders and managers, will support the continued growth of the company. Terms of …

Chicago PE firm acquires majority stake in Grand Rapids health care auditing company Read More »

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