Tequity, a leading M&A Advisory firm specializing in global Enterprise B2B Cloud, SaaS, and IT companies, acted as the exclusive financial advisor to US-based managed services provider Altitude Integrations in their acquisition by Xceptional. This is Tequity’s 10th managed cloud service IT transaction.
“This is the beginning of a new era for both organizations, and we are excited for our clients, employees, partners, and shareholders,” Chris McKewon, CEO of Xceptional, stated. “Altitude Integrations and Xceptional share the same values, beliefs, and commitment to customer satisfaction and value creation. The future is bright for our collective organizations and clients!”
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“Altitude Integrations is excited to become a part of the Xceptional family! This is an exciting time for clients and employees as both organizations are looking to provide the best support for clients,” stated Brett Ramberg, Altitude Integrations’ CEO and Managing Partner.
Founded in 2009, Altitude Integrations is headquartered in Boulder, Colorado, and is an innovative IT managed services provider. The organization provides a portfolio of managed IT and cloud services to dozens of clients across various industries throughout Colorado and surrounding states. The organization has 10 employees and has experienced solid growth over the last few years.
This first acquisition in Xceptional’s 15-year history puts into motion the hyper-growth plans that were announced at the end of 2021. The combination of Altitude Integrations and Xceptional will be able to serve clients in a greater capacity, not only through more technicians and engineers but also through more service and software offerings.
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“Our combined companies will be able to expand and further the Xceptional experience to clients and prospects alike,” stated McKewon. “Great things are to come in the months ahead!”
Altitude Integrations will continue to support and serve customers independently as “an Xceptional Company” for the foreseeable future while both organizations focus on integrating and expanding their collective portfolios, capabilities, and teams over the next 12 months.
“We continue to see tremendous interest in the managed services market from a wide variety of private equity and strategic acquirers, and expect there will be sustained deal flow through this year,” said Diane Horton, Managing Partner at Tequity.
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