{"id":20123,"date":"2024-01-04T07:17:08","date_gmt":"2024-01-04T12:17:08","guid":{"rendered":"https:\/\/techservealliance.memberhost.io\/news\/techserve-alliance-ma-marketplace-facilitates-strategic-acquisition\/"},"modified":"2024-10-13T03:43:42","modified_gmt":"2024-10-13T07:43:42","slug":"techserve-alliance-ma-marketplace-facilitates-strategic-acquisition","status":"publish","type":"news","link":"https:\/\/techservealliance.org\/news\/techserve-alliance-ma-marketplace-facilitates-strategic-acquisition\/","title":{"rendered":"TechServe Alliance M&A Marketplace Facilitates Strategic Acquisition"},"content":{"rendered":"

Spruce Info<\/span>T<\/span>ech Expands Portfolio with Info<\/span>T<\/span>ech Resources\u00a0<\/span><\/span><\/h2>\n

Alexandria VA, Jan 4, 2024 \u2013 Spruce InfoTech, a leading information technology services provider based in Pennsylvania, has successfully acquired InfoTech Resources of Illinois, with the transaction facilitated by TechServe Alliance M&A Marketplace<\/a>, a service that connects interested buyers with qualified sellers of technology staffing and solutions firms.<\/p>\n

“We were looking for a company that complements the service offerings of our direct relationship business.\u00a0 I also wanted a partner where our key employees would be well taken care of,\u201d said Bob Moore, president, InfoTech Resources<\/a>. \u201cSimilar to InfoTech Resources, Spruce deals with high-end IT skill sets. Additionally, they have offshore operations, a capability we were looking to add on.\u201d<\/p>\n

\u201cThe TechServe M&A Marketplace team understood our requirements and connected us with Spruce InfoTech,\u201d Moore added. \u201cI have long known TechServe as an association and it was a pleasure working with people who I can trust and who have my best interests in mind. Moreover, both Steve Norris and John Larson of M&A Marketplace are industry veterans and former owners of IT staffing companies. They understand our business. That\u2019s a big advantage of working with TechServe M&A Marketplace.\u201d<\/p>\n

For Spruce InfoTech<\/a>, this acquisition marks a strategic alliance that strengthens its position in the Midwest market with enhanced capabilities and an expanded service offering.<\/p>\n

\u201cThis acquisition is a testament to our commitment to delivering unparalleled technology solutions to our clients,\u201d said Venu Sangani, President & CEO of Spruce InfoTech. \u201cWe are thrilled to welcome the talented team from Infotech Resources into the Spruce family. The TechServe Alliance M&A Marketplace played a pivotal role in making this partnership a reality. Their expertise and network facilitated a seamless transaction, and we look forward to the exciting opportunities that lie ahead.”<\/p>\n

The M&A Marketplace is part of TechServe Alliance Services Corp., a wholly owned subsidiary of the IT and engineering staffing industry\u2019s national trade association TechServe Alliance.<\/a> The service is available to both members of the association as well as non-members and provides an opportunity for owners of small to medium-sized IT and engineering staffing and solutions firms with a better way to exit. For prospective buyers, this service provides a much-needed avenue for firms who either want to grow an existing IT and engineering staffing operation or expand into technology staffing.<\/p>\n

\u201cAt TechServe Alliance, we are dedicated to supporting industry firms in achieving their business goals from inception to exit,\u201d said Mark Roberts, CEO of TechServe Alliance. \u201cWith our unparalleled network of IT and engineering staffing firms and deep industry knowledge, we are uniquely positioned to provide sellers an opportunity to exit for maximum value and a platform for buyers to scale through acquisition.”<\/p>\n

\u201cAs former principals of IT staffing firms, John and Steve bring an owner\u2019s understanding and perspective having \u2018walked in their shoes.\u2019 Congratulations to Bob Moore and Venu Sangani as well as John and Steve for achieving such a successful outcome,\u201d Roberts added.<\/p>\n

To learn more about M&A Marketplace<\/a> and how its innovative model sets up owners looking for a successful exit and helps buyers fast-track growth through acquisitions, please indicate your interest \u202fhere<\/a> to schedule a call or reach out to John Larson at larson@techservealliance.org and Steve Norris at Norris@techservealliance.org.<\/p>\n

 <\/p>\n

About TechServe Alliance\u00a0<\/strong><\/p>\n

TechServe Alliance<\/a> is the premier organization dedicated to advancing the IT & engineering staffing and solutions industry. TechServe and its subsidiaries are singularly focused on driving the success of IT & engineering staffing and solutions firms through innovative programs and services, access to proprietary industry research and data, a culture of knowledge sharing and collaboration, and promoting fair business practices.<\/p>\n","protected":false},"featured_media":20124,"parent":0,"template":"","topics":[229],"news-topics":[],"member-content":[],"class_list":["post-20123","news","type-news","status-publish","has-post-thumbnail","hentry","topics-mergers-acquisitions"],"acf":[],"_links":{"self":[{"href":"https:\/\/techservealliance.org\/wp-json\/wp\/v2\/news\/20123","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/techservealliance.org\/wp-json\/wp\/v2\/news"}],"about":[{"href":"https:\/\/techservealliance.org\/wp-json\/wp\/v2\/types\/news"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/techservealliance.org\/wp-json\/wp\/v2\/media\/20124"}],"wp:attachment":[{"href":"https:\/\/techservealliance.org\/wp-json\/wp\/v2\/media?parent=20123"}],"wp:term":[{"taxonomy":"topics","embeddable":true,"href":"https:\/\/techservealliance.org\/wp-json\/wp\/v2\/topics?post=20123"},{"taxonomy":"news-topics","embeddable":true,"href":"https:\/\/techservealliance.org\/wp-json\/wp\/v2\/news-topics?post=20123"},{"taxonomy":"member-content","embeddable":true,"href":"https:\/\/techservealliance.org\/wp-json\/wp\/v2\/member-content?post=20123"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}