Private equity

Private equity firm Clairvest invests CAD$36 million (US$27.33 million) for a stake in F12.net, a Canadian managed IT services provider (MSP).

Brightstar Capital Partners buys majority stake in mobile device distributor Brightstar Corp. from multinational tech conglomerate SoftBank.

Great Plains Communications, backed by private equity firm Grain Management, acquires ETC to expand networks and explore new markets in the midwestern U.S.

Private equity firm TA Associates invests in Ivanti, the IT management & cybersecurity software provider. Clearlake Capital remains prominent Ivanti investor.

Private equity firm Oak Hill Capital acquires telecom and fiber optic network service provider Otelco.

Three MSPs -- DoubleEdge Professional Services, Foehn and Metaphor IT -- merge in $39 million deal to form new cloud-centric MSP named Kerv.

Cloud MSP Navisite acquires Privo, an Amazon Web Services (AWS) consulting partner. M&A activity involving AWS cloud MSPs remains strong.