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Citizens Advises Apogee IT Services on Sale of U.S. Operations to Magna5

February 27, 2023, 07:41 AM
Filed Under: Industry News

Citizens M&A Advisory served as the exclusive financial advisor to Apogee IT Services, backed by Brook Venture Partners, on the sale of its U.S. assets to Magna5. Magna5 is a national provider of managed IT, cybersecurity and cloud-based services and a NewSpring Holdings portfolio company.

Apogee IT Services is a leading international provider of managed IT services that delivers outsourced IT management, consulting, managed detection and response, 24-7 helpdesk and data center services to clients.

Chief Executive Officer of Apogee Paul Cronin said: "Tom Donahue and the Citizens M&A Advisory team had great knowledge of the MSP landscape and provided exemplary advice from start to finish. This transaction allows Apogee to expand its growth and focus in the Canadian marketplace.”

Citizens Managing Director Tom Donahue said: “Apogee has built an impressive managed services firm and has earned a strong reputation. We are excited to follow the story of their U.S. operations as they join the Magna5 team.”

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