Fulcrum Acquires Stoneworks; Expands Coast To Coast In Canada

Jul 12, 2023•about 2 years ago

Acquiring Company

Fulcrum IT Partners

Acquired Company

Stoneworks

Network SecurityCyber SecurityInformation TechnologyCyber SecurityInformation TechnologySoftware

Description

Fulcrum IT Partners (“Fulcrum”) announces the acquisition of Canadian IT services leader Stoneworks Technologies, which has been providing IT consulting, implementation, and integration services for various platforms and solutions to Canadian-owned businesses since 2001.

Company Information

Company

Fulcrum IT Partners

About

Fulcrum IT Partners is the parent company of an expanding portfolio of established and successful IT solution companies in the UK, Canada, and the U.S., with proven expertise in cybersecurity, cloud, consumption-based IT, and managed services.

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