Carousel Industries, a total service provider that offers managed, cloud and professional services, is buying Atrion Inc. -- an IT services firm specializing in security, productivity and collaboration, unified communications, networking, applications and data center solutions.
The deal is expected to close by early Q3. Financial terms were not disclosed.
Ahead of the deal, Carousel had about 1,000 employees. The company has grown roughly 30 percent annually since 1992, serving 6,000 customers and 35 percent of the Fortune 500. Carousel, once combined with Atrion, will have roughly 1,300 employees and $525 million in revenue.
Carousel CEO Jeff Gardner and Chief Revenue Officer James Marsh say the combined businesses will deliver even better customer experiences -- though they didn't go deep on details in a prepared statement. (We're seeking more details.)
“This is an optimal time and opportunity for Atrion to join forces with Carousel," added Tim Hebert, CEO, Atrion. "Our respective firms are growing rapidly, our cultures are highly complementary, and we share a common vision for delivering a positive impact on our employees, our customers, and our community.”
Side note: An alert from The 2112 Group CEO Larry Walsh put this deal on our radar. We'll be sure to follow up with more thoughts from Carousel and Atrion in the weeks ahead.
