AMS Acquires IMTS: Accelerating Growth
Chirag Patel, IMTS founder and former CEO, commented:“We are very excited about the transaction with AMS. We have determined early on in the process that we share common values when it comes to employees and customers, in addition to bringing very complementary capabilities to the market. We were very pleased with how Excendio has helped us throughout the process guiding, preparing and navigating the M&A waters as well as selecting the right partner. They have earned a heartfelt thank you.”
“Teaming up and sharing resources with IMTS will allow us to position ourselves for the next growth phase, address ever-evolving customer expectations and requirements, and offer our employees additional opportunities. We expect this transaction to accelerate our growth. Chirag has built an outstanding organization and we are proud to partner with him and continue the IMTS brand.”
Federal IT Services M&A
The federal IT services space has seen an increase in M&A transactions in recent years. Past deals include:- Private equity firm Veritas Capital acquires Northrop Grumman federal IT services business for $3.4 billion
- Gunnison Consulting Group acquired Global Solutions & Services Frameworks (G2SF), a high-end IT services firm that works with the U.S. government.
- Unisys sold its U.S. federal IT services business unit to SAIC for $1.2 billion.
