Amplix Expands with Acquisition of The Hastings Group
Deal News | May 29, 2025 | Gemspring Capital
Amplix, backed by Gemspring Capital, has announced its acquisition of The Hastings Group. This acquisition, which is Amplix's eleventh since 2022, significantly enhances the company's technology advisory and managed services capabilities. The Hastings Group, established in 2000 and based in Hampton, New Jersey, offers full life-cycle management services across mobility products and partners with global private equity firms and large enterprises. Amplix, headquartered in Norwood, Massachusetts, provides technology advisory services nationwide. The acquisition is expected to amplify Amplix's offerings by combining the expertise and methodologies of both companies. Dan Gill, CEO of Amplix, highlighted the strategic expansion as ideal for delivering enhanced value to clients. Both companies share a client-centric approach, and the integration seeks to optimize services across their customer base.
Sectors
- Technology Advisory Services
- Private Equity
- Mobility and Telecom Management
Geography
- United States – Both Amplix and The Hastings Group are based in the US, with operations across multiple states, highlighting their nationwide presence.
- Canada – Amplix has a presence in Canada, indicating their geographical reach beyond the United States.
Industry
- Technology Advisory Services – The article discusses companies providing technology advisory services, including strategy, consulting, and managed services.
- Private Equity – Gemspring Capital is a private equity firm involved in the transaction, emphasizing the financial backing of such deals.
- Mobility and Telecom Management – The Hastings Group specializes in mobility and telecom management, a key aspect of the acquisition.
Financials
- $3.8 billion – Capital managed by Gemspring Capital.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Amplix | Acquirer | Company | A technology advisory firm providing strategy, consulting, implementation, and managed services. |
| The Hastings Group, LLC | Target | Company | A provider of technology and mobility advisory and managed services. |
| Gemspring Capital | Private Equity Firm | Company | A private equity firm providing capital solutions to middle market companies. |