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Cpt Network Solutions Acquires Mconnect, Inc.

Dec 01, 2022over 2 years ago

Acquiring Company

CPT Network Solutions

Acquired Company

MConnect

Description

CPT Network Solutions ("CPT"), a leading enterprise IT Services Deployment firm, announced today that it has acquired MConnect, Inc. ("MConnect"), a leading Florida hosted telecom provider established in 2004. MConnect joins KeyCom as a family of CPT Companies. The combination furthers CPT's position in the Senior Living facilities market and provides new solutions to meet their resident's needs.

Company Information

Company

CPT Network Solutions

About

With corporate offices in Chicago & Orlando and 3,000+ technicians ready, CPT is a leading national technology services provider to the enterprise market. Specializing in implementation and break-fix repair of voice, data, surveillance, electrical, Access Control, IoT, and POS systems for National Retailers, Senior Living, Hospitality, Consumer Services, and multi-site organizations with a geographically dispersed footprint. CPT has been managing field activities across the U.S. & Canada and helping drive costs out of IT operations since 2002.

M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed