In a strategic move aimed at expanding its regional influence, ePlus Inc. has acquired certain assets of Denver-based IT solution provider, PEAK Resources, Inc. (PEAK). Financial details of the transaction have not been disclosed.
This is technology M&A deal number 22 that ChannelE2E and MSSP Alert have covered so far in 2023. See more than 2,000 technology M&A deals for 2023, 2022, 2021, and 2020 listed here.
ePlus inc., founded in 1990, is based in Herndon, Virginia. The company has 1,910 employees listed on LinkedIn. ePlus inc.’s areas of expertise include data center & cloud computing, collaboration, IT security, infrastructure & networking, IT services, managed services, software, IT leasing, and cloud.
PEAK Resources, Inc., founded in 1991, is based in Denver, Colorado. The company has 91 employees listed on LinkedIn. PEAK Resources, Inc.’s areas of expertise include IT consulting and services, IT optimization, cloud-based solutions, logistical support, networking solutions, data center, managed services, cybersecurity, modern data center infrastructure, cloud, and hybrid cloud.
Implications and Future Outlook
The deal will enhance ePlus’ engineering, sales, and service capabilities in the rapidly growing Mountain West region.
By integrating PEAK's customer-centric approach and regional market knowledge with ePlus’ solution portfolio, the merger aims to create a powerful synergy in the IT solutions sector, ePlus said.
Executives’ Perspectives on the Acquisition
Mark Marron, CEO and president, ePlus inc., commented:
“As we actively work to grow our sales and services reach in fast-growing geographies, PEAK has an excellent reputation, a very capable workforce, and a solid customer base that will benefit from ePlus' broad solutions portfolio. We welcome our new PEAK colleagues to the ePlus family and look forward to serving our new customers in the mountain west region.”
Vince DeRose, president, PEAK, said:
“Joining the ePlus family is an exciting and valuable next step for PEAK's employees and customers. Our decades of experience in this industry and the IT channel, now combined with the acquisition by ePlus, means that our customers will have access to the expanded capabilities and breadth of resources a global provider can offer.”
ePlus Revenues and Previous Acquisitions
ePlus has been an active buyer in the MSP and IT solutions provider (ITSP) market. Previous deals include buying:
- May 2023: Network Solutions Group From CCI System¸
- January 2021: Systems Management Planning
- August 2019: ABS Technology
- January 2019: SLAIT Consulting
- January 2017: Integrated Data Storage
- December 2016: Consolidated IT Services’ business unit.