Upstack, a telecommunications and digital infrastructure company backed by private equity firm Berkshire Partners, has acquired Stellar Connect, an independent full-service IT services provider. Financial terms of the deal were not disclosed.
This is the technology M&A deal number 819 that ChannelE2E has covered so far in 2022. Browse over 1,000 technology M&A deals involving MSPs, MSSPs and IT service providers listed here.
Founded in 2017, Upstack is based in New York, NY. The company has 103 employees listed on LinkedIn. Upstack’s areas of expertise include Colocation, Networking, Private Cloud, Public Cloud, Hybrid Cloud, Hybrid IT, Data Center, Unified Communications, Cloud Contact Center, Security, and Business Continuity.
Founded in 2014, Stellar Connect is based in Thousand Oaks, CA. The company has his three employees listed on LinkedIn. Stellar Connect’s specialties include Information Technology Consulting, Cloud Services, Internet Services, Data Center Services, Voice Services, Voice over IP Solutions, Contact Center Services, Audio Conferencing, Video Conferencing, Web Conferencing, Telecommunications, Disaster Recovery, and Includes MPLS.
As part of the deal, co-founders Nanette Kische and Mike Eaton will join Upstack as partners, and the company’s operations manager will join the Upstack support team, Upstack said.
Upstack Acquires Stellar Connect: Leadership Insight
Christopher Trapp, CEO, Upstack
Christopher Trapp, Founder and CEO of Upstack, commented:
“Building on the strong partnership of Nanette and Mike, Stellar Connect is a successful and respected technology services company with decades of deep experience. Their entrepreneurial spirit and holistic approach aligns with ours, and we are thrilled to welcome the Stellar Connect team to Upstack.”
Nanette Kische, co-founder of Stellar Connect, said:
“Our business philosophy is human relationships. If you do them well, you will succeed. Helping clients who are there makes it meaningful.”
Stellar Connect co-founder Mike Eaton added:
“Upstack has built a capable team coupled with support to care for our customers. We are excited to be joining Upstack to do even more for our clients.”
Upstack M&A growth
Building on previous equity investments from Berkshire Partners, Upstack recently secured $100 million in funding from MidCap Financial and Morgan Stanley Private Credit to further expand its platform through technology expansions and investments in strategic partners. Expanded.
This makes Upstack very active in the M&A game in recent years. Acquisitions are primarily focused on telecommunications, network and infrastructure companies. Here are the deals ChannelE2E tracked:
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