CompassMSP Acquires MRW Systems Inc.

Managed IT services provider CompassMSP has acquired the assets of Westminster, Maryland’s MRW Systems Inc for an undisclosed amount.

This is technology M&A deal number 721 that ChannelE2E has covered so far in 2021. See all technology M&A deals for 2021 and 2020 listed here.

MRW Systems is now a member of the CompassMSP group of companies. Like other businesses acquired by CompassMSP, they will retain their current team and location. They will operate under the name MRW Systems: A CompassMSP Company and will continue to be led by former CEO Michael Wolinski as general manager, Compass MSP announced.

MRW Systems has worked with the SMB market in the Baltimore metro area for more than two decades. The MRW Systems team will join CompassMSP’s mid-Atlantic region, led by regional vice president Tom Praschak in Princeton, New Jersey, the company said.

The acquisition enhances CompassMSP’s ability to serve clients located between New York City and Washington, D.C., according to the company.

CompassMSP Acquires MRW Systems: Executive Insight

Michael Wolinski, general manager, MRW Systems commented:

“We are extremely proud of what we built since we started MRW Systems in 1997. However, after nearly 25 years, we recognized the value of a partnership with a larger community of experienced IT professionals like CompassMSP. Through this merger, we will be able to offer even more to our clients and expand opportunities for our amazing team. We are delighted to become part of CompassMSP and I can’t wait to see what we can accomplish in the coming years.”

Ari Santiago, CEO, CompassMSP

Ari Santiago, CEO, CompassMSP, said:

“I’m excited that MRW Systems has joined the CompassMSP family; it is a great fit for everyone involved. CompassMSP grows stronger, the team at MRW has a bigger platform for growth, and MRW System’s clients gain greater resources and capabilities. Through this process, I’ve come to know Michael and his team and have been very impressed by him and his business. Their focus on responsive service and high-end data security solutions makes MRW Systems a great provider for growing organizations that depend on secure and strong technology.”

Josh Kotler, chief strategy officer and head of acquisitions, CompassMSP, added:

“There aren’t many managed service providers like MRW Systems. Michael and his team should be very proud of what they have built, and I am thrilled to add them to the CompassMSP family. We utilize the same operating framework and share the same mission and values. CompassMSP will continue to acquire similar MSPs aligned with our culture, vision, and proactive delivery model.”

CompassMSP’s M&A Plays

CompassMSP has more than 220 employees and offices in Florida, Illinois, New Jersey, Pennsylvania, and Wisconsin. Compass works in the legal, financial, healthcare, and manufacturing verticals, providing on-premises and cloud solutions that range from managed IT and VOIP to software development.

CompassMSP has long touted its “targeted acquisition strategy,” focused on strong vertical market MSPs in the SMB sector.

Past acquisitions include:

To fund acquisitions, CompassMSP uses a combination of cash generated from the business alongside a combination of debt and equity. “Our funding model is part of a strong value proposition for the seller,” CompassMSP’s SVP of central operations, Tom Praschak, previously told ChannelE2E.

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