Filed under: Deals
Private equity firm Gores Equity, LLC, has announced the acquisition of CBE Technologies. Founded in 1984, CBE offers managed IT services for say governments, municipalities, educational institutions, and small to mid-size businesses. The company employs over 100 IT professionals with certifications in information security and voice over IP (VoIP).
CBE Technologies supports some 2,500 customers. With this acquisition, Gores seeks to expand its footprint in the market for IT infrastructure services and remote managed services and customers can drive down IT costs and simultaneously increase operational efficiencies.
The company noted that customers in New England trust CBE Technologies to provide strategic tech consulting, network & system upgrades, user support, and proactive maintenance of their networks on a 2465 basis.
CBE also claims to be the largest independent IT services firm. You can look at Gores portfolio companies to see how easily this will into the company’s strategy.
Unfortunately, no financial terms are disclosed.
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