MSP M&A: Coretelligent Acquires Lighthouse Technology Partners
Lighthouse Technology Partners of Greenwich, Connecticut offers managed IT, cybersecurity, business transformation and cloud services. MSP’s clientele covers the finance, life sciences and health and professional services sectors. The Lighthouse leadership team will join the Coretelligent team in “extended leadership roles,” although no specific executive moves were revealed.
Coretelligent, founded in 2006, has 194 employees on LinkedIn. The company is headquartered in Westwood, Massachusetts, with additional offices in New York City, Philadelphia, Atlanta, Stamford, Scarborough and the San Francisco Bay Area, and expanded support locations in Dallas, Los Angeles, Philadelphia. , Tampa, Washington, DC. and West Palm Beach.
Medium Market MSP Merger and Acquisition Agreement: Executive Perspectives
In a statement prepared on the deal, Coretelligent CEO Kevin J. Routhier said:
“Coretelligent is incredibly excited to welcome the exceptional caliber of professionals on the Lighthouse team along with its world-class clientele. Lighthouse and Coretelligent are fully aligned in terms of the priority of both the customer experience bringing together companies further enhances Coretelligent’s industry-leading domain experience in the areas of digital and business transformation practice, security, compliance, and next-generation managed services.
David Gerstenmaier, vice president of Lighthouse Technology Partners, added:
“Joining the Coretelligent family is an incredible opportunity for the Lighthouse ecosystem. With its general business approaches closely aligned with ours, we are confident that joining Coretelligent will be beneficial and productive for our customers and employees. Undoubtedly, this acquisition guarantees that we are better positioned for future success. For both our customers and employees, it was clear that this amazing combination creates the rare opportunity of 1 +1 = 5 “.
Coretelligent: Early Acquisitions of MSP
This is Coretelligent’s second acquisition in 2022. Additional acquisitions include:
Private equity firm Norwest Equity Partners (NEP) has been owned by Coretelligent since October 2021.