The Top 10 M&A Deals In The Channel For 2017 (So Far)
Submitted by Michael Novinson on
9. Systems Maintenance Services Merges With Curvature
Head count: 600 employees
Annual sales: $288 million
Purchase price: Not disclosed
Date of announcement: Jan. 18
Systems Maintenance Services (SMS) and Curvature announced plans to merge in a deal that creates a $500 million market leader in third-party maintenance services.
The transaction creates an IT asset lifecycle services powerhouse with 2,200 employees and a broad range of third-party data center services and hardware offerings that include server, storage and networking.
John Wozniak, CEO of Charlotte, N.C.-based SMS, No. 85 on the 2017 CRN Solution Provider 500, will serve as CEO of the combined company, while Mike Sheldon, CEO of Santa Barbara, Calif.-based Curvature, also No. 85 on the CRN SP 500, will serve as president and chief commercial officer.
SMS | Curvature will be more than four times larger than its closest competitor, Cleveland-based Park Place Technologies, No. 208 on the CRN SP 500.