October 23, 2024
Translink Corporate Finance in the United States initiated the acquisition of FullScope IT (FullScope), a managed IT services business with a strong presence in the eastern and southwestern United States, by Magna5, a leading provider of managed IT, cybersecurity, and cloud solutions for small to mid-sized businesses and a NewSpring Holdings platform company.
This strategic acquisition will enhance Magna5’s ability to deliver comprehensive support and protection to its clients while expanding its reach across the United States. The company will significantly increase its operational density in the northeast corridor from New York to Virginia, while also establishing an important foothold in the southwestern U.S. with FullScope’s Arizona operations and regional customer footprint from which to expand further. Integrating FullScope’s capabilities into Magna5’s portfolio will provide the ability to deliver even greater value to existing and future clients, who will benefit from a broader range of services and the robust infrastructure of a larger, more mature managed IT and cybersecurity services provider.
Bob Farina, CEO of Magna5, said, “Acquiring FullScope is a significant milestone for Magna5 as we continue to outpace the industry with growth and expand our national presence. FullScope’s strong reputation, combined with their expertise in regulatory compliance, aligns perfectly with our mission to be a mission-critical partner to our clients by providing comprehensive IT and cybersecurity solutions to businesses in uptime-dependent industries. We are excited to welcome the FullScope team into the Magna5 family, working together to deliver unparalleled service to our clients, keeping their operations seamless and secure.”
FullScope has made significant investments working towards Cybersecurity Maturity Model Certification (CMMC) L2 compliance, a critical requirement for supporting cybersecurity efforts within the Defense Industrial Base (DIB) and the Department of Defense (DoD). This expertise will seamlessly integrate into Magna5’s security portfolio, further solidifying Magna5’s commitment to delivering cybersecurity solutions to the most mission-critical industries.
Bob Priest, CEO of FullScope, expressed enthusiasm about the acquisition, stating, “We are thrilled to join forces with Magna5. Their strong reputation in the marketplace, expanding national coverage, and unwavering commitment to safeguarding customers’ data and security make this combination a perfect match. Our clients will continue to receive the same high-quality service they expect but with the added benefit of a larger, more resource-rich organisation. Together, we will be able to offer an even greater level of protection and support to businesses across the country.”
This acquisition follows Magna5’s award-winning year. The company has been recognised by national publications, including Inc. 5000 for robust growth and USA Today Top Workplace for outstanding culture, innovation, and leadership. Industry accolades include recognition by CRN for MSP 500 and Tech Elite 250, and recognition from Channel Futures for the prestigious MSP 501 ranking.
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Translink Corporate Finance is a world leader in cross-border mid-market M&A advisory services, specialising in transactions ranging from €10M to €250M. Established in 1972, with over five decades of experience, we get the deal done. We are a trusted global group with over 400 experts worldwide, and a proven track record with long-standing clients and deep sector specific knowledge. At Translink Corporate Finance, we are easy to approach, and our core ethos revolves around the pursuit of sustainable value creation for our clients – whose best interests always come first.
Dinan is the partner firm of Translink Corporate Finance in the United States. It is a leading diversified financial services company with over 35 years of advisory and merchant banking experience dedicated to middle-market transactions.