M&A of Midwest Firms Position MSPs for Long-Term Success, Companies Say

Minnesota-based Citon Computer Corp. and CW Technology are in position to become bigger and better MSPs via one merger and one acquisition, respectively.

ACP CreativIT/Camera Corner Connecting Point Merger

ACP CreativIT/Camera Corner Connecting Point, which has offices in Illinois and Wisconsin, is a technology solutions provider. The company has merged with Citon Computer Corporation and its sister companies, NetTel, NetGuard and TLX Communications. Together, the businesses will have more than 130 years of founder/family ownership heritage. They will have more than $3.5 billion of IT products and solutions delivered since inception. Also, the companies boast annual revenue of $300 million and nearly 300 employees, they said.

Citon’s Steven Dastoor

Steven Dastoor will continue as Citon’s CEO and join the combined company’s board of directors.

“We have been approached by many potential partners over the years, but only this finally felt right to us,” Dastoor said. “We are excited about the benefits of scale to our customers and employees, yet the opportunity to preserve and build upon our culture and community footprint.”

Citon builds upon ACP and CCCP’s strategy of continuing to grow through acquisitions of companies sharing a common platform. They also plan to preserve the local customer, employee and community roots that have fueled Citon’s success, the company said.

All Citon and sister company employees will stay on as part of the merger, with plans to hire more employees in all locations.

VC3 Acquires CW Technology

South Carolina-based VC3, a managed service provider serving municipalities and commercial businesses across the country, is buying CW Technology. The addition of this firm expands the VC3 portfolio to municipal and commercial clients in Minnesota. It also adds a local presence of operators to the VC3 platform.

Sandy Reeser is VC3’s CEO.

VC3’s Sandy Reeser

“VC3 continues to strengthen its existing presence nationally, where we already serve many municipalities and organizations across the country. We carry several state municipal leagues endorsements. With decades of experience, together as a team, we will continue to successfully serve clients of all sizes in Minnesota and throughout the United States.

“I look forward to partnering with clients built on the same values and service they have come to expect from CW Technology. I have all confidence that together, VC3 and CW Technology will continue to serve and add value to our clients,” Reeser added.

David Manion is CW Technology’s CEO. He noted that this acquisition will empower CW Technology and VC3 to provide more tailored services to a greater clientele.

“It was clear to me that a partnership made the most sense for our employees, our clients and the company. We continue to grow and evolve in this changing environment,” Manion said.