Managed IT services provider Interlaced.iobacked by Evergreen Services Grouphas acquired Grove Technologies. Financial terms of the deal were not disclosed.
This is technology M&A deal number 571 that ChannelE2E has covered so far in 2022. See more than 1,000 technology M&A deals involving MSPs, MSSPs & IT service providers listed here.
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Interlaced, founded in 2009, is based in San Diego, California. The company has 32 employees listed on LinkedIn. Interlaced.io’s areas of expertise include managed services, Apple business consulting, enterprise networks, zero touch deployment, single sign-on and identity and access management, office relocations, servers and storage and business continuity.
Grove Technologies, founded in 2014, is based in Washington, DC. The company has 12 employees listed on LinkedIn. Grove’s areas of expertise include Mac support, Mac/iOS development, Mac deployments, Mac consulting, staff training, system monitoring, proactive support, disaster recovery, project management, network design and vCIO.
Grove will continue to operate as a standalone brand with close collaboration and mutual support from Interlaced, the company said. Jon Brown, founder of Grove, will remain on staff and continue to oversee the DC market and the rest of the team at Grove Technologies will remain in their current roles serving Grove’s clients, Interlaced said.
In a comment about the deal, Interlaced.io President Jeff Gaines said:
“Partnering with Jon Brown and the Grove Technologies team will improve our ability to bring Interlaced’s world-class IT services to innovative and fast-growing SMBs in the DC Market. We’re excited about the strong Mac-focus and cybersecurity expertise the Grove team brings to the table. I look forward to seeing our combined capabilities serving both Grove and Interlaced clients, current and future.”
Added Jon Brown, founder of Grove:
“This new partnership is going to help us continue to grow and provide world-class IT support services to our clients. We’re really excited to be backed by such a well-established team and brand that can help take Grove Technologies to the next level.”
About Evergreen Services Group
Evergreen Services Group has backed Interlaced since May 2018.
Evergreen, in turn, is backed by Alpine Investors — a private equity firm. Together, Evergreen and Alpine appear well-funded to continue their MSP investments. Indeed, Alpine raised $2.25 billion in 2021and a portion of that money has been earmarked for more MSP investments and acquisitions, ChannelE2E has confirmed.