decor decor
"It is the artist's business to create sunshine when the sun fails."

-Romain Rolland

Sirius Computer Solutions Acquires Force 3

Financial Information
  • Not Disclosed
Transaction Facts
  • Sirius Computer Solutions, a national IT integrator, announced today that it acquired network security company Force 3.
  • Terms of the deal were not disclosed, but according to the transaction announcement Force 3 has approximately 170 employees and approximately $260 million in revenue. The company is headquartered in Crofton, Maryland.
  • The deal, scheduled to close March 31, is Sirius’s fourth major acquisition in the last 18 months. Force 3 will remain in Crofton and is expected to keep all of its employees as a wholly owned subsidiary of Sirius focused on security services and federal contracting.
Bringing Proven Success to an Established Player
  • Sirius Continues to Diversify: Sirius has made several recent acquisitions that have significantly expanded both its core offerings as well as the geographies served. Late 2014 saw the acquisition of Brightlight Consulting, a big data and BI firm, while 2015 saw the acquisitions of technology solution provider Varrow and select assets from Avnet’s digital solutions and services practice.
  • Proven Offering in a Hot Space: Cybersecurity continues to be a valuable space attracting significant attention from buyers. Force 3, ranked No. 79 on CRN’s 2015 Solution Provider 500 list, differentiated itself through its security offerings which no doubt made it an especially appealing target.
  • Deploying Resources to Maximize Returns: Sirius was acquired by private equity firm Kelso & Co. in September, and at the time of the investment Sirius CEO Joe Mertens said that he expects the company to complete at least two acquisitions per year. Before the acquisition of Brightlight Consulting, Sirius had not made any acquisitions since 2010.
  • A Complementary Fit: This acquisition provides both Sirius and Force 3 with additional capabilities and certifications with which to serve their existing clients. The transaction also bolsters Sirius’s capabilities in the Mid-Atlantic region and the Federal marketplace, furthering a formidable presence in the IT space that was named No. 28 on CRN’s 2015 Solution Provider 500.
For more information about this transaction, click here to read the press release.
To read an interview martinwolf conducted with Sirius President and CEO Joe Mertens in November 2015, click here.
martinwolf was not the advisor in this transaction.
previous post Back to Articles next post

13 May 2021

NWN Corp. Acquires Carousel Industries

Financial Information ($USD) Not Disclosed Transaction Details NWN Corporation, a leading Cloud Communications Service Provider (CCSP), announced yesterday that it will acquire fellow solutions provider Carousel Industries. Financial terms of the deal were not disclosed. New State Capital Partners, majority stakeholder of NWN since 2015, is backing the transaction which will form a combined company...

13 May 2021

Softchoice Files for IPO

Announcement Details Softchoice Corporation, a leading technology solutions provider in North America, announced yesterday that it has filed a preliminary prospectus for an initial public offering. Softchoice’s common shares will be traded on the Toronto Stock Exchange, although the number of shares and price have not yet been disclosed. Before Toronto-based Softchoice was taken private in...

15 Apr 2021

KKR to Acquire Ensono in $1.7 Billion Deal

Financial Information ($USD) Enterprise Value:    $1.7 Billion Transaction Details Global investment firm KKR & Co, Inc. (NYSE: KKR) is acquiring leading hybrid IT services provider Ensono from private equity firms Charlesbank Capital Partners and M/C Partners. While financials have not been disclosed, the transaction is valued at $1.7 billion inclusive of debt, according to Reuters....