Private equity, Mergers and Acquisitions, Mergers and Acquisitions

Integris Acquires Iconic IT to Build National MSP Platform

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Futuristic glowing low polygonal blue jigsaw puzzle game background with one red matching missing piece. Strategy, problem solving concept. Modern wire frame mesh design vector illustration. (Futuristic glowing low polygonal blue jigsaw puzzle game ba

Integris, backed by Chicago-based private equity firm Frontenac, has acquired Iconic IT. The merger will make the combined company one of the largest SMB-focused MSPs in the U.S., according to a statement from Iconic IT. Financial terms of the transaction were not disclosed.

This is technology M&A deal number 116 that ChannelE2E has covered so far in 2022. See more than 1,000 technology M&A deals for 2022, 2021, and 2020 listed here.

Integris Acquires Iconic IT

Iconic IT is an MSP providing small and medium organizations with IT support services, fully managed or co-managed IT support, cybersecurity and cloud solutions, strategic guidance and customer service. Iconic IT was formed from the merger of four other IT service providers in 2019, as ChannelE2E reported. The firm serves Dallas, Fort Worth and East Texas, Wichita, Kansas, Buffalo and Rochester, New York, Bonita Springs, Florida and Denver, Colorado.

Integris was formed in October 2021 through the merger of Domain, Compudyne, MyITpros and ProviDyn. The addition of Iconic IT will give the combined company a stronger national platform to serve clients across the U.S., according to the company. The firm will operate under the Integris umbrella.

With the completion of this merger, the Integris network will have offices in 10 states: New Jersey, New York, Maryland, Minnesota, Michigan, Colorado, Kansas, Florida, Georgia and Texas and increase headcount to more than 440 employees. The combined firm will be led by Rashaad Bajwa as CEO, Mike Fowler, former Iconic IT CEO as COO, John Marinac as CTO, Bill McCharen as CPO, Joseph O'Hara as CFO and Jason Erickson as CSO.

Integris Acquires Iconic IT: Executive Insight

Mike Fowler, CEO, Iconic IT
Mike Fowler, COO, Integis

Mike Fowler, formerly CEO of Iconic IT and now COO, Integris, commented on the acquisition:

"Iconic IT was an early leader of the consolidation trend in 2019, when Capstone IT, Live Consulting, Choose Networks, and Networking Results merged to form Iconic IT. Now, we've merged our combined company with Integris. It was the logical next step and allows the network we've built to be part of an expanded footprint as a national, premium managed services provider."

Rashaad Bajwa, CEO of Integris, added:

"Iconic IT paved the road for the path that Integris is on now. They were one of the first to bring together best-in-class MSPs from across the country to build a stronger platform for clients and staff. Bringing Iconic IT and Integris together is a continuation of their "Better Together" thesis and accelerates our shared journey forward in building the first national premium MSP platform."

Sharon Florentine

Sharon is a master technology storyteller and editor with omnichannel experience: books and print magazines, digital, webcast, blogging, podcast, live events and video and associated brand-specific social media content. From 1999 to 2003, she acquired and edited technology books and certification exam prep guides.

After a year spent in publicity and editorial at mass-market book publishers, she returned to tech publishing and, since 2004, explored B2C and B2B news, issues and trends in consumer, lifestyle, software, software development, AI, ML, networks, big data, hardware, security, storage, cloud, equity, inclusion, diversity, women in tech, career development, IT management, H-1B visa issues and immigration, education, training and learning.

Her previous role was as the managing editor at Techstrong Group in charge of Cloud Native Now, DevOps.com, Security Boulevard and Techstrong ITSM and their brand-specific social media. She currently serves as editorial director for CyberRisk Alliance’s channel brands, ChannelE2E and MSSP Alert and acting editorial director for SC Media UK. Drop me a note and let’s talk!

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