Digital communications and infrastructure firm Upstack, backed by private equity firm Berkshire Partners, acquired ChaseTek Partners for an undisclosed sum.
This is the # 747 technology merger and acquisition deal ChannelE2E has covered so far in 2022. See more than 1,000 technology merger and acquisition deals involving MSPs, MSSPs, and IT service providers listed here.
Upstack, founded in 2017, is headquartered in New York, New York. The company has 103 employees listed on LinkedIn. Upstack’s areas of expertise include colocation, networking, private cloud, public cloud, hybrid cloud, hybrid IT, data center, unified communications, cloud contact center, security and business continuity.
ChaseTek, founded in 2004, is headquartered in Dublin, Ohio. The company has 19 employees listed on LinkedIn. ChaseTek’s areas of expertise include enterprise voice and data networks, enterprise infrastructure management, telecommunications solutions, enterprise technology implementation, voice and data product procurement, enterprise voice and data support services, and enterprise telecommunications.
ChaseTek specializes in serving multi-location businesses in the retail, healthcare, financial services and manufacturing industries.
As part of the deal, ChaseTek President Chris Wolfe and Vice President Michael Marlowe will join Upstack as partners and CEOs, according to the company. Additionally, ChaseTek’s staff of eight technology specialists will join Upstack’s support team, the company said.
Upstack acquires ChaseTek: Leadership Insight
Christopher Trapp, CEO, Upstack
Christopher Trapp, founder and CEO of Upstack, commented:
“ChaseTek has grown into a reputable and reputable technology infrastructure consulting firm, filling a void in the market for expert consulting combined with managed services. Their model aligns perfectly with ours and we are thrilled to welcome Chris, Michael and the team to Upstack ”.
Chris Wolfe, president of ChaseTek, said:
“While our set of technology solutions has changed, our core value proposition has remained the same. We ensure that the supplier’s promises are kept and that customers realize the value of their technology infrastructure from the signing of the contract onwards. Our customers will immediately benefit from the support organization that Upstack is building, which would be difficult for us to scale on our own. And we build a high degree of assurance that we can continue to deliver to our customers in the future. “
Michael Marlowe, vice president of ChaseTek, added:
“The future for us as part of Upstack is very exciting. What we can do to help our customers with Upstack’s tools, support and expanded offering is motivating. We immediately benefit from the depth of resources and capabilities. “
Upstack’s merger and acquisition strategy
Building on a previous Berkshire Partners equity investment, Upstack recently secured $ 100 million in funding from MidCap Financial and Morgan Stanley Private Credit to further expand its platform through technology expansion and strategic partner investments.
This has led Upstack to be very active in the game of mergers and acquisitions in recent years. Acquisitions focused primarily on telecommunications, networking and infrastructure companies. The offerings that ChannelE2E has been monitoring include: