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Service Express Acquires Third-Party Data Center Maintenance Provider Sherlock Services

Sep 13, 2022•about 3 years ago

Acquiring Company

Service Express

Acquired Company

Sherlock Services

Grand RapidsConsultingInternet Services

Description

Service Express, a leader in global data center and infrastructure solutions, today announced the acquisition of third-party maintenance (TPM) provider Sherlock Services based in Ohio. The acquisition complements Service Express' current third-party maintenance offerings and brings expanded data center solutions to existing Sherlock Services customers.

Company Information

Company

Service Express

Location

Grand Rapids, Michigan, United States

About

As the leading data center solutions provider, Service Express specializes in onsite data center support for server, storage and network equipment to help IT teams control costs and optimize infrastructure strategy. Customers can manage, monitor and automate support with ExpressConnect®. Founded in 1993, Service Express maintains multivendor data center equipment for healthcare, manufacturing, education, finance, government, technology and other Fortune 500 companies worldwide. In addition to post-warranty maintenance, Service Express offers hardware system and sales solutions, software support, IT asset disposition and data center relocations. For more information, visit serviceexpress.com.

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M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed