Presidio, backed by private equity firm BC Partners, has acquired ROVE, an audiovisual (A/V) systems integrator that supports government and enterprise customers across North Carolina and South Carolina. Financial terms of the deal were not disclosed.
This is technology M&A deal number 544 that ChannelE2E has covered so far in 2022. See more than 1,000 technology M&A deals involving MSPs, MSSPs & IT service providers listed here.
Presidio Acquires ROVE: IT Consulting Synergies Explained
ROVE, founded in 2016, has 52 employees listed on LinkedIn. The company, based in Charlotte, North Carolina, offers IT solutions that address cybersecurity, enterprise collaboration, and data center services. ROVE also has deep expertise in logistics as well as integrated A/V (audiovisual) solutions.
Presidio, based in New York, has more than 3,500 employees listed on LinkedIn. The company has evolved from a midmarket IT solutions provider and MSP into a global digital services and solutions provider.
Presidio and ROVE share similar technology partnerships with such firms as Cisco Systems, Dell and VMware, among many others. On the A/V front, ROVE's partners include APC, AppSpace, Biamp, Crestron, Christie, Legrand, NEC, Poly, Realwear, Samsung and Shure, according to the ROVE website.
Presidio's evolution has involved organic growth coupled with multiple acquisitions. Example deals include acquiring:
- Arkphire Group for Europe and Asia expansion.
- Coda Global, a cloud migration, application development, DevOps, big data enablement, and machine learning solutions provider.
Presidio Buys ROVE: Executives Explain IT Solutions Provider M&A Deal
In a prepared statement about the ROVE acquisition, Presidio President and CEO Dave Hart said:
“ROVE has a well-earned reputation for excellence driven by a phenomenal team of engineering and sales professionals, and offerings that closely align with Presidio’s across areas including enterprise networking, cloud solutions, collaboration, cybersecurity and datacenter. We’re excited to combine forces to better help organizations in the Southeast with their digital transformation.”
Added ROVE CEO Dave Brown:
“Our team at ROVE has built a loyal customer base with our high-touch service-oriented model. Becoming part of Presidio offers our customers much broader services and solutions with the same type of approach of being a strategic advisor. I’m excited for the expanded opportunities ahead that we can offer our customers, especially as they look toward advanced cyber, cloud and managed services solutions.”
Private equity firm BC Partners has owned Presidio since December 2019.
