Managed Services, Cloud At Root Of December M&A Deals
Submitted by Michael Novinson and Jimmy Sheridan on
10. TekLinks
Company acquired: Guidant Partners
Head count: 60 employees
Annual revenue: Not disclosed
Purchase price: Not disclosed
Date of announcement: Dec. 7
TekLinks significantly strengthened its position in the fast-growing Nashville, Tenn., market by acquiring its toughest competitor there – Guidant Partners.
The acquisition by Birmingham, Ala.-based TekLinks, No. 174 on the 2016 CRN Solution Provider 500, increases the company's Nashville revenue by 50 percent in one fell swoop. Some 90 percent of Guidant Partners' revenue is recurring-revenue-services-based, the company said.
Guidant Partners is widely recognized as one of the top MSPs in the Tennessee market. The company provides 99.97 percent uptime and 98.9 percent service-level agreement resolution, and specializes in the health-care and financial verticals.
