We will always be grateful for the guidance and assistance that the team at Tequity provided. They increased our valuation, got us a clean offer, and helped de-stress crucial components of our process. They work hard and every step of the way we felt they had our best interests first in their priorities.
You may wish to learn from our misfortune. Several years earlier we had been approached by a potential buyer and thought we were capable of handling the process on our own. Running a successful business is one thing we know, but preparing for an M&A scenario with your own business is another project and requires special talents. It can prove to be a big waste of your time, and took us away from our work in growing and operating the business, and ultimately a lost opportunity to get the most value from our business that we worked hard to build.
If you have thoughts or opportunity to put your IT or Service business on the market, we highly recommend contacting the Tequity team for their Professional Services.
James Duncan, Former Business Owner and Treasurer – Eurodata Support Services Inc.
Tequity acted as the exclusive financial advisor to Canadian IT service provider Eurodata Support Services Inc. in their acquisition by California-based TERiX Computer Service.
Founded in 1981, Eurodata Support Services is a nationwide provider of mission critical on-site maintenance programs for most major brands of computer related equipment. In addition to offering onsite maintenance programs and software support services tailored to each customer, it also promotes and sells new and refurbished IT equipment for some 200+ brands.
TERiX is a global datacenter hardware support company providing flexible multivendor service on over 30 OEM brands of server, storage and network hardware to clients and partners worldwide in over 48 countries.
The Eurodata acquisition builds on the significant presence TERIX has established in Canada over the past decade by offering complementary product support services and greater market reach.
“Eurodata has been serving clients faithfully across Canada for more than 30 years,” said Claude Briand, Strategic Sales Executive with TERiX Canada. “We’re very excited to welcome the Eurodata team, whose capabilities, personnel and customers are a logical expansion of TERiX’s commitment to delivering innovative solutions, with a focus on customer satisfaction second to none.” See www.terix.com for additional information.
Tequity provides M&A advisory services to Enterprise Software and Information Technology companies in the mid-market across North America and around the globe with a primary focus on strategic sales, mergers, and carve-outs. As business operations and growth specialists who have built companies, raised capital, and successfully exited, we bring real world experience to any M&A discussion.
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