Peapack Private Investment Banking Facilitates ACA Computers Acquisition by Network Coverage
Peapack Private Investment Banking successfully advised on the strategic sale of managed IT services provider ACA Computers to Network Coverage, expanding capabilities for mid-market business technology support.
Peapack-Gladstone Financial Corporation's investment banking subsidiary, Peapack Private Investment Banking, served as the exclusive advisor to ACA Computers, LLC in its strategic sale to Network Coverage. The transaction represents a significant consolidation in the managed IT services sector, bringing together ACA's 21-year legacy of excellence with Network Coverage's full-service capabilities backed by Tenex Capital Management.
ACA Computers has established itself as a trusted provider of comprehensive IT solutions for mid-sized businesses, offering system design and deployment, help desk support, remote IT services, data backup, and cloud computing. The company's flat-rate service model and 24/7 monitoring capabilities have served diverse industries across its two-decade operation. The acquisition enables ACA to expand its geographic reach and enhance its service delivery through Network Coverage's established infrastructure and resources.
JP Pladek, ACA's Founder and President, expressed enthusiasm about the partnership, noting that Network Coverage's leadership team shares ACA's commitment to innovation and white-glove service. Pladek credited Peapack Private for their industry insight and guidance throughout the transaction process, which resulted in a seamless outcome for all parties involved.
Matthew Luczyk, Senior Vice President and Head of Corporate Advisory at Peapack Private, emphasized the rewarding nature of helping clients realize the value of their business achievements. The transaction team included key contributors John Bolebruch, David Markovich, Robert Vogel, and Brett Flynn, demonstrating Peapack Private's collaborative approach to complex financial engagements.
This acquisition strengthens Network Coverage's position in the competitive managed services market while providing ACA with enhanced capabilities to serve its expanding client base. The strategic partnership reflects ongoing consolidation trends in the business services sector, where established providers seek to combine expertise and resources to better serve mid-market clients' evolving technology needs. More information about Peapack Private's services can be found at https://www.peapackprivate.com.