Managed cybersecurity and IT solutions provider Meriplex has acquired CPI Solutions for an undisclosed amount. CPI Solutions was represented in this transaction by martinwolf, a leading M&A advisory firm serving the middle-market IT industry.
This is technology M&A 756 that ChannelE2E has covered so far in 2022. See more than 2,000 technology M&A deals involving MSPs, MSSPs & IT service providers listed here.
Meriplex, founded in 2001, is based in Houston, Texas. The company has 230 employees listed on LinkedIn. Meriplex’s areas of expertise include global internet, MPLS and SIP solutions, cloud computing, BaaS, PaaS and IaaS, data centers, enterprise communication solutions, computer network support, disaster recovery-as-a-service (DRaaS), SaaS, managed services, SD-WAN, hybrid cloud services, HaaS, cybersecurity, information security, physical security, SASE, help desk services, backup-as-a-service, video surveillance, networking and professional services.
CPI Solutions, founded in 1984, is based in Camarillo, California. The company has 77 employees listed on LinkedIn. CPI Solutions’ areas of expertise include managed IT services, audio visual systems, unified communications, data center and virtualization, SharePoint, cloud services, Office 365, Citrix, Cisco Infrastructure, IT outsourcing, IT consulting, data storage, technology consulting, managed services provider, Microsoft Teams, cybersecurity, IT security services, ransomware recovery, IT management, IT managed services, backup and disaster recovery and secure remote access.
This acquisition will allow Meriplex to expand further into the automotive industry, in which CPI provides risk assessments, IT solutions and technical expertise, the company said.
Meriplex Acquires CPI Solutions: Executive Insight
David Henley, CEO, Meriplex, commented:
"We are excited to have CPI Solutions joining the Meriplex team, as they are one of the few true mid-sized MSPs in the market. CPI brings highly talented and engaged individuals, system automation expertise, and vertical success in the Automotive industry. Together, we advance in our goal of becoming the preferred national managed technology solutions provider that promotes deep customer relationships and continually strives for service excellence."
Arnie Friedman, president and CEO, CPI Solutions, said:
"Partnering with Meriplex was the right choice for our clients and employees. Our core focus at CPI is to ensure the success of our clients, and together with Meriplex, we will strengthen the value we can deliver on through expanded capabilities and more technical resources."
MSP M&A: Meriplex’s Strategy
Meriplex has an aggressive acquisitions-focused growth strategy, the company said. Meriplex strategically acquires businesses in regional markets to establish a local presence and support their increasingly large client base, the company said. This is Meriplex’s seventh acquisition outside of Texas, having previously acquired:
- LightPoint, an MSP focused on the healthcare IT services sector.
- Indiana-based managed services provider Cyberian Technologies.
- Colorado-based managed services provider Optimum Networking;
- Boston, Massachusetts-based Reliable IT;
- Southern California-based MSP Enhanced Technologies in June 2021; and
- The assets of Sacramento, California-based MSP GNT Solutions.
Earlier, Meriplex acquired multiple companies in the Longhorn state, including:
