Private equity, MSP

Node4 Acquires Microsoft Dynamics 365 Partner TNP

European MSP Node4, backed by private equity firm Providence Equity Partners, has acquired Microsoft Dynamics 365 cloud consulting partner TNP to push deeper into the cloud ERP (enterprise resource planning) market. Financial terms of the deal were not disclosed.

This is technology M&A deal number 450 that ChannelE2E has covered so far in 2021.

Node4 and TNP: MSP and Business Application Background

TNP, with 260 employees, claims to be the largest pure-play Microsoft partner in the United Kingdom. The seller is a Gold Microsoft Partner across ERP, Application Development and Cloud Platform, and additional Microsoft certifications including Small and Mid-Market Cloud Solutions, Data Analytics and Application Integration, TNP says.

TNP, which serves more than 540 customers, is based in the UK, with offices in Newbury and Manchester, and operates a support and development facility in Portugal.

Under Node4's ownership, TNP will continue to operate as an individual business unit led by Executive Chairman Paul White. Key lieutenants include Chief Commercial Officer Paul Wellingham, along with Founder and Chief Architect Ian Humphries.

Meanwhile, Node4's overall service catalog spans remote working, security, connectivity, data center hosting, cloud services and unified communciations.

Node4 Acquires TNP: Executive Perspectives

In a prepared statement about the deal, Node4 CEO Andrew Gilbert said:

“TNP is a hugely impressive organization and this acquisition is an important part of our ongoing growth strategy. Everything from its leadership and team to culture and capabilities resonates with the approach we have here at Node4. They have an ambitious and compelling organic growth plan in an important segment of the technology industry and TNP’s technical capabilities and credentials in NAV, Business Central and Power Platform ideally complement Node4’s already comprehensive portfolio of services. We’re confident that together we can deliver the market-leading end-to-end services that customers are increasingly looking for.”

Added TNP Executive Chairman Paul White:

“This announcement is another exciting development in the TNP story. It was clear from the outset that we share a common passion for delivering exceptional service and as part of Node4, we can play a major role in the ongoing growth of the Node4 business and help more customers use technology more effectively to optimize their business processes and improve productivity.”

Multiple third-party advisors assisted Node4 on the deal, including Weil Gotshal (Legal), FTI Consulting (Financial DD), and KPMG (Tax DD and Structuring), the buyer said.

Node4: Additional MSP and IT Consulting Acquisitions

Node4 has acquisition experience. Key buys include:

Joe Panettieri

Joe Panettieri is co-founder & editorial director of MSSP Alert and ChannelE2E, the two leading news & analysis sites for managed service providers in the cybersecurity market.