Dataprise's Strategic M&A Drives National Expansion

Deal News | Nov 18, 2024 | EIN

Dataprise's Strategic M&A Drives National Expansion

Dataprise, initially a small regional player concentrated between Washington, D.C., and New York City, has strategically expanded nationwide through a series of acquisitions under the leadership of Christian Fulmino. The company's growth strategy, supported by private equity firm Trinity Hunt Partners, has resulted in Dataprise tripling its revenue from $40 million to over $130 million. Their acquisition approach focuses on acquiring successful and operationally mature managed service providers (MSPs) that align culturally and operationally. Dataprise's expansion into key U.S. markets targets the SMB sector, emphasizing local presence even in a digitally dominant landscape. With a disciplined integration process, Dataprise ensures smooth transitions, maintains enhanced employee retention, and offers expanded career opportunities. Furthermore, Dataprise has invested in its own Security Operations Center to offer tailored cybersecurity solutions. The company's ongoing acquisitions are strategically sourced through industry relationships, investment banks, brokers, and referrals from regional managers. Fulmino highlights the potential wealth creation for MSP owners joining Dataprise as a larger platform, amid a fantastically favorable market. With $130 million in revenue achieved post-investment, Dataprise solidifies its significant role in the consolidation and evolution of the MSP industry.

Sectors

  • Managed Services Providers (MSP)
  • Private Equity
  • Information Technology (IT)
  • Cybersecurity

Geography

  • United States – The article highlights Dataprise's national expansion across key U.S. markets, including Los Angeles, Texas, Colorado, Arizona, North Carolina, Virginia, New York City, and Tennessee.

Industry

  • Managed Services Providers (MSP) – The article focuses on MSP consolidation and growth strategies, highlighting Dataprise's expansion and integration approaches.
  • Private Equity – Trinity Hunt Partners' investment in Dataprise plays a vital role in their accelerated growth and M&A strategy.
  • Information Technology (IT) – The broader IT industry context is relevant due to recurring revenue models and increased demand for MSPs.
  • Cybersecurity – Dataprise's development of an in-house SOC underscores the importance of cybersecurity in their service expansion.

Financials

  • $130 million – Dataprise's revenue post-acquisition growth.
  • $40 million – Dataprise's revenue prior to acquisition and expansion strategies.

Participants

NameRoleTypeDescription
DatapriseTarget CompanyCompanyA managed service provider that has expanded nationally through strategic acquisitions.
Trinity Hunt PartnersPrivate Equity FirmCompanyThe private equity firm backing Dataprise's growth strategy and M&A efforts.
Christian FulminoSenior VP, Corporate Development & M&APersonLeads Dataprise's growth strategy and M&A efforts.