was acquired by
Tequity Advises DSM Computing Solutions in their Acquisition By Apogee IT Services
Tequity Inc. acted as the exclusive advisor to DSM Computing Solutions Inc. in their sale to Apogee IT Services, a managed IT services company headquartered in Pittsburgh, PA. Operating as Apogee IT Services Canada, Toronto-based DSM becomes Apogee’s third major operations center, joining Pittsburgh and Boston in the firm’s strategic international expansion.
“Our vision is to provide world-class IT to SMBs across the northeast,” said Michael Halperin, CEO of Apogee IT Services. “It is especially exciting for us to grow internationally and we are fortunate enough to have combined with DSM, who aligns with Apogee’s culture and high standards for service delivery.”
DSM Computing Solutions was founded in 1988 and grew through the evolution of the IT industry. Founder and CEO Sheldon Waters, recognized in Apogee IT another managed services provider with a similar track record of outstanding operations and client retention. “We know Apogee’s standard for service delivery and how much attention they pay to their clients,” said Sheldon Waters, Founder and CEO of DSM. “Coming together will make us stronger and enable us to provide more to our customers, while also providing new career opportunities for our staff. It’s a win-win for all parties.”
Brook Venture Partners of Wakefield, MA led the acquisition in conjunction with co-investor Blue Heron Capital, a private equity firm based in Richmond, VA.
“We are excited to welcome another company into the Apogee family,” said Fred Morris, a partner at Brook Venture and Apogee’s Chairman. “Toronto is a thriving market and it has room for a world-class IT service provider like Apogee.”
About Apogee IT Services
Headquartered in Pittsburgh and with operations around the northeast, Apogee IT Services was founded in 1990 under the original name of PC Network Services. The company provides a suite of Managed IT services to SMBs in legal, manufacturing, financial services, professional services, education, non-profit, and other industries. In 2016, Apogee was named one of Western PA’s Fastest Growing Companies by the Pittsburgh Business Times and ranked highly on the MSPmentor 501 Report, a comprehensive list of the top managed services providers worldwide. www.apogeeITservices.com
About DSM Computing Solutions
DSM Computing Solutions is a Toronto-based IT Managed Services firm that has been providing computing technology products and support services since 1988. For the past 10 years the company has been a pioneer in infrastructure as a services (IAAS) and managed cloud-computing solutions. DSM has helped hundreds of organizations achieve business success through well-designed cloud and hosted solutions backed by their strong service and support. www.dsm-corp.com
Tequity Inc. specializes in merger and acquisition advisory services for a wide range of Software and Information Technology companies across North America and around the globe. We help shareholders to achieve their growth or exit goals through strategic M&A transactions with growth-oriented acquirers. www.tequityinc.com