Coral Springs, Fla. — The March Group, a private mergers and acquisitions firm specializing in the sale of middle-market businesses, anticipates an expansion in technology sector merger & acquisition (M&A) activity in the near future due to the economy recovering a recent flurry of high-profile acquisitions in the tech sector.
“We are anticipating an increase in M&A activity over the next several months,” said Carl Doerksen, director of research at The March Group, in a statement. “With the economy recovering and the recent spate of high-profile acquisitions in the tech sector, buyers will no longer be hesitant. They will start acquiring the tech firms they’ve been eyeing for some time but have been waiting for the right moment to make their move on.”
There has already been more technology companies acquired this year (48) than in 2008 (45), according to Networkworld.com and J.P. Morgan’s 2009 “The State of the M&A Market” report, said The March Group.
The March Group has advised on several deals in the high-tech including:
- SkyFish.com, an e-commerce B2B vertical Web portal for the aviation and aerospace industries, was acquired by Onex Corporation.
- EAS Technologies Inc., a computer hardware and software manufacturer, was sold to Ceridian Corporation.
- Aspiration Software, a subcontractor for software development projects serving the intelligence community, was acquired by the Shawmark Group.
- HP Communications Inc. d/b/a Globalcom, an Internet-based supplier of satellite technology, was purchased by Satcommobil.
- Affidia Systems, an information technology services provider, was sold to Akins Consulting.
- Corporate Technology Solutions, a high-end structured cabling system integration contractor was acquired by PAG Capital.