A JOHNSONS CORPORATE ACQUISITION
Johnsons is pleased to announce the successful acquisition of a private, mid-sized Australian business by a strategic trade buyer. After facilitating a comprehensive, end-to-end acquisitions campaign, our client – ASI Solutions – has purchased Int Tec Solutions for an undisclosed amount. Headquartered in NSW, ASI is a leading IT managed services provider, servicing commercial customers across Australia’s eastern seaboard. From its base in the regional city of Mildura, Int Tec Solutions provides computer support services to businesses across northeast Victoria.
The team at Johnsons were pleased to act as lead advisors to ASI Solution’s directors and would like to extend our congratulations to both the purchaser and the vendor.
In late 2020, ASI engaged Johnsons Corporate to assist in the execution of a strategic acquisitions program, targeting IT product and services businesses operating in either Australia and/or New Zealand. Investment criteria included an established offering in IT services, managed services provision, and/or hardware sales; a portfolio of B2B customers; and an experienced team of technical staff.
Within 8 weeks Johnsons presented ASI’s board with a qualified, short-list of 33 targets. After further vetting, the directors prioritised Int Tec Solutions, recognising in it an established and well-reputed player with a complementary service offering that represented a good fit for its diversification objectives.