Evergreen Solutions Team Acquires Strategic Data Team

by Jessica Davis • Feb 1, 2023

Evergreen Providers Team has acquired Strategic Information and facts Group. Financial terms of the offer were being not disclosed.

This is technological innovation M&A offer variety 29 that Channel E2E has covered so much in 2023. See extra than 2,000 technologies M&A promotions involving MSPS, MSSPs & IT provider providers detailed here.

Evergreen Acquires Strategic Facts Group

Evergreen Expert services Team is centered in San Francisco and has 35 workforce stated on LinkedIn. Evergreen Products and services Team is a non-public fairness backed holding organization concentrated on acquiring B2B solutions companies across the United States. The acquisition, Strategic Facts Group will grow to be aspect of Evergreen’s ERP companion vertical, Deca Growth Group, introduced in 2022.

Strategic Data Group is a QAD reseller and integrator in North The usa and Europe. The organization is also an ETQ associate. It features both these alternatives in its 30-12 months-old Enterprise Resource Arranging (ERP) alternatives and services exercise which serves the manufacturing and existence sciences sector. Strategic Information and facts Group is based in Rock Hill, South Carolina. The enterprise has 130 workers stated on LinkedIn. Strategic Info Group specializes in Business Useful resource Preparing (ERP) methods and services in the producing and daily life sciences verticals and provides QAD and ETQ expertise to the Evergreen portfolio.

The acquisition is another example of private equity investing in the managed products and services market. For Evergreen Products and services Group, the deal to obtain Strategic Details Group presents the opportunity to enter the QAD spouse and reseller current market. The deal also expands the company’s ERP partner providers to new industries.

Evergreen Acquires SIG: Govt Insights

Sydney Hockett, VP, Evergreen Services Team

Doug Novak, chairman, Strategic Information and facts Group

Here’s what Sydney Hockett, VP at Evergreen, had to say about the offer:

“We see an opportunity for Deca to be the major group of application-targeted services suppliers, and Strategic is a vital addition to that. [Retiring Chairman] Doug [Novak] crafted an fantastic business enterprise with a world course management team underneath Suzy [Reno, president and CEO], and we are honored to spouse with them in constructing the future stage of Deca. Getting into the QAD ecosystem with Strategic’s robust abilities in the production and lifestyle-sciences industries broadens the capabilities in just Deca’s network, with an exciting runway for enlargement.:

Here’s what Strategic Data Group’s Chairman, Doug Novak, experienced to say about the offer:

“Strategic’s good results has been constructed by our group and Evergreen’s mission of being a lasting residence for businesses and their persons resonated strongly. Becoming a member of Deca gives Strategic the guidance, autonomy and opportunity to proceed building our legacy and suite of world course solutions and services. We are enthusiastic to partner with the Evergreen and Deca team to make the foremost group of ERP companions in North America and further than.”

Suzy Reno, Strategic Information Group’s CEO and president, also presented a standpoint:

“We are thrilled to companion with Evergreen and our sister organizations in Deca to supply earth class organization answers and expert services. Evergreen’s technique of currently being a for good property for its businesses is a great in shape for the relatives initial culture of Strategic. With this new foundation in put, I am thrilled to continue on Strategic’s legacy of advancement, coming into new markets, bringing new options into our ecosystem, and providing a broader array of companies to our consumers.”

Evergreen’s M&A Exercise

Evergreen proceeds to actively make investments in IT provider vendors, ERP companions, monetary software package, and govt companies firms. This offer marks the 63^rd service supplier acquisition because 2017. The organization is looking to serve as a extended-time period money partner and assist future advancement. New Century Money Partners, a sector-centered world expenditure bank, acted as the distinctive money advisor to Strategic Info Team in this deal.