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

Sep 13, 2022•almost 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

Service Express is a global, industry-leading data center solutions provider specializing in multivendor maintenance, hybrid cloud and managed infrastructure services. Driven by nearly 1,000 team members worldwide, Service Express is committed to its people-powered culture and developing our people. Service Express has been recognized by Inc., Fortune, Forbes, Glassdoor, Best & Brightest and others.

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

Related People

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

Description

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Company Information