Evernex Expands Reach with Ultra Support Acquisition
Deal News | Nov 18, 2024 | 3i Group
3i Group's portfolio company Evernex has strengthened its international presence through the acquisition of Ultra Support, a UK-based firm specializing in third-party maintenance (TPM) for IT infrastructure. This strategic acquisition fortifies Evernex's position in the UK, recognized as the second-largest TPM market in Europe, and enhances its comprehensive service offerings with Ultra Support's strong technical capabilities and channel relationships. As the seventh acquisition since 3i's initial investment in Evernex in October 2019, this transaction is aligned with 3i's strategy to develop Evernex into an integrated global TPM provider. Both Evernex and Ultra Support have collaborated previously, and the merger promises synergy and growth, maintaining Ultra Support's operational independence and service quality, while leveraging Evernex's global scale.
Sectors
- Information Technology Services
- Investment Management
- Data Center Maintenance
Geography
- United Kingdom – Ultra Support is a UK-based company, and the acquisition strengthens Evernex's presence in the UK market.
- France – Evernex is implied to have significant operations in France, as suggested by Marc Ohayon's role as Co-Head of France Private Equity at 3i.
- Global – Evernex operates in over 165 countries, indicating a global focus for its services.
Industry
- Information Technology Services – Evernex and Ultra Support provide IT infrastructure maintenance services, which falls under this sector.
- Investment Management – 3i Group is engaged in private equity and infrastructure investments.
- Data Center Maintenance – Both Evernex and Ultra Support specialize in third-party maintenance services for data centers.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| 3i Group | Private Equity Firm | Company | An international investment manager focused on mid-market private equity and infrastructure. |
| Evernex | Acquiring Company | Company | A global leader in third-party maintenance services for IT infrastructure. |
| Ultra Support | Target Company | Company | A UK-based third-party maintenance provider for data centers. |
| Peter Hodgson | CEO and Co-Founder | Person | CEO and Co-Founder of Ultra Support, involved in the acquisition. |
| Stanislas Pilot | CEO | Person | CEO of Evernex, commenting on the acquisition strategy and integration. |
| Marc Ohayon | Partner and Co-Head of France Private Equity | Person | 3i Group partner highlighting the strategic importance of the acquisition. |