decor decor
"Whenever you see a successful business, someone once made a courageous decision."

-Peter Drucker

FusionStorm and Synoptek Form Alliance to Deliver Managed Services

 martinwolf Transaction

 

San Francisco-based FusionStorm, an award-winning IT solution provider with national U.S. coverage and global distribution capabilities, has entered into a strategic alliance with Synoptek, a cloud solutions and managed IT services firm based in Irvine, California.

 

FusionStorm logo

The two companies will partner to form a new entity to meet the growing worldwide demand for cloud “as-a-service” technology and powerful hosted solutions to support on-premise systems.

 

 

Financial terms of the transaction were not disclosed. FusionStorm will have a significant equity stake in the new entity, which will operate under the Synoptek brand, and FusionStorm CEO Dan Serpico will hold a board seat on the Synoptek board.

 

 

FusionStorm and Synoptek were counseled in the transaction by martinwolf. 

 

To read the press release announcing the alliance, click here.

previous post Back to Articles next post

03 Jan 2022

Office Depot Sells CompuCom Systems

 Financial Information ($USD) Transaction Value: ~ $305 million Enterprise Value: $1.72 billion EV/LTM Revenue: 0.19x EV/LTM EBITDA: 3.85x  Transaction Details The ODP Corporation (NASDAQ: ODP) announced that it has sold its CompuCom Systems subsidiary to an affiliate of Variant Equity in a transaction valued up to $305 million. The transaction consideration of up to $305 million consists...

29 Dec 2021

Happy Holidays – The 2021 martinwolf Annual Letter

Dear Clients, Partners, and Friends of martinwolf M&A Advisors,   I hope you all are having an enjoyable holiday season with family and friends.   It’s been my tradition in this annual end-of-year letter to spend time reflecting on the past year, and to look forward to what the next year holds for us. We have plenty...

20 Dec 2021

Oracle To Acquire Cerner Corporation

Financial Information ($USD) Enterprise Value: $28.3 Billion EV/LTM Revenue: 8.12x EV/LTM EBITDA: 17.71x  Transaction Details Oracle (NYSE: ORCL) today announced an agreement to acquire Cerner Corporation (NASDAQ: CERN) through an all-cash tender offer for $95.00 per share, or approximately $28.3 billion in equity value. Cerner is a leading provider of digital information systems used within hospitals and health systems to...