The deal will create a combined workforce of 1,300 nationwide and $525 million in annual revenue, reportedly one of the largest and fastest-growing privately-held IT services firms in the U.S.
“In today’s IT universe, there is a growing synergy between business and IT – making IT leaders increasingly responsible for supporting their organizations’ topline initiatives,” says Jeff Gardner, CEO of Carousel. “As a result, IT leaders turn more progressively to their technology providers as strategic advisors on the solutions and services that will help them best meet their objectives and stay ahead of the innovation curve.”
Atrion, which specializes in security, unified communications, networking and data center solutions among other IT services, will help Carousel provide a “deeper level of strategic value to existing and prospective clients,” according to the announcement.
“Combined we will be better equipped to deliver a more compelling customer experience with a more personal focus and differentiated services,” says James Marsh, CRO, Carousel. “This acquisition positions Carousel to deliver the best possible business outcomes to our customers and to become a truly indispensable business partner.”
“As pressures intensify for our clients to be more forward-thinking and emerge as leaders in their markets, they require a singular, high-value business partner capable of helping them see around corners,” says Tim Hebert, CEO, Atrion. “This is an optimal time and opportunity for Atrion to join forces with Carousel. Our respective firms are growing rapidly, our cultures are highly complementary, and we share a common vision for delivering a positive impact on our employees, our customers, and our community.”
The acquisition of Atrion is expected to be completed early in the third quarter of 2016, subject to customary closing conditions.