Park Place, founded in 1991, is based in Mayfield Heights, Ohio. The company has 1,696 employees listed on LinkedIn. Park Place’s areas of expertise include maintenance and support services, hardware upgrades and installation, equipment relocation, hardware disposal, IT asset management, equipment performance assessments, managed services, professional services and network monitoring.
CentricsIT, founded in 2007, is based in Norcross, Georgia. The company has 164 employees listed on LinkedIn. CentricsIT’s areas of expertise include Cisco, EMC, HP, Sun, IBM, F5, Juniper, Dell, Oracle, Xsigo, Data Domain and Symantec products and remote on-demand engineering, third-party maintenance, IT asset disposition, Wi-Fi services, global IT supply chain management and managed logistics services.The acquisition will grow the combined companies' professional services capabilities and expand its focus on customer experience, the companies said. CentricsIT’s EVP of global services, Patrick Keuller, will join the global professional services group.Chris Adams, CEO, Park Place TechnologiesChris Adams, president and CEO of Park Place Technologies, said:
“When acquiring businesses, we always search for companies that are intensely focused on customer service and have a similar culture and value set to PPT. CentricsIT delivers that and more. Our combined Professional Services capabilities are evolving to meet client needs, and this will accelerate that CX agenda."
CentricsIT founder and CEO Derek Odegard added:
“We’re pleased to have found the right fit in Park Place Technologies for our services practice to grow and thrive. We know they will continue to excel in service delivery and client support.”
Park Place Technologies M&A Activity
This is Park Place's fourth acquisition of the year, not to mention their third consecutive acquisition in the greater Atlanta, Georgia region. In 2022, Park Place acquired data center maintenance company Riverstone, Reliant Technology, the Storfirst platform and the data center services business from Congruity360. You can see all of Park Place’s previous acquisitions here.
Sharon manages day-to-day content on ChannelE2E and serves as Editorial Director for CyberRisk Alliance’s Channel Brands. She also covers enterprise-class technology companies, strategic alliances and channel partner strategies. Sharon is a veteran tech journalist and editor with more than 25 years experience in the industry, and has previously held key editorial, content and leadership positions at Techstrong Group, CIO.com, Ziff Davis Enterprise and CRN.
From identity security and SOC automation to AI-powered GTM tools and vertical ERP integrations, this week’s M&A wave reveals where the smart money—and partner potential—is heading.
