The managed services market is growing so rapidly, it is attracting some interesting players and business combinations.
Indeed, accounting and advisory services firm Rehmann is merging with Trivalent Group, a managed IT service provider based in Grandville, Michigan. The two companies will officially combine their businesses on April 1.
While this may seem like an odd pairing, Rehmann has some know-how in the IT market. The company has been building out its Corporate Investigations services for quite some time, which offers cybersecurity and technology consulting.
With the addition of Trivalent Group, Rehmann sees plenty of cross-sell and up-sell opportunities across the companies' respective customer bases.
"As the world becomes increasingly technology-driven, Rehmann is focused on staying ahead of our clients' needs and helping them thrive long into the future," Randy Rupp, Rehmann CEO said in a prepared statement. "The addition of Trivalent Group will bring more core business solutions under one roof, allowing us to holistically serve our clients and help them reach their business goals.
Trivalent Group will initially maintain its name while operating under the Rehmann umbrella. The firms will offer the expanded capabilities immediately throughout the Midwest, with a full integration beginning in 2019. Rehmann CEO Randy Rupp will lead the combined organizations. Trivalent CEO Larry Andrus will remain with the combined company, helping to shape the strategic vision and future growth plans.
Trivalent has M&A experience. The company acquired KI Technology Group in 2016, which set the stage for deeper customer engagements in mid-Michigan, notes Grand Rapids Business Journal. Trivalent had 80 employees and 600 customers once that deal closed.