Annese & Associates

Has sold its business to

ConvergeOne

Annese & Associates, a 50-year-old, family-owned, regionally-focused IT solutions and services provider, was sold to ConvergeOne, a global IT service provider of collaboration and technology solutions for large- and medium-sized enterprises. Annese delivers its professional and managed services, including cloud, mobility, security, data center virtualization, and collaboration to over 500 customers in a variety of industry verticals including Education, Commercial, Healthcare and State and Local governments throughout the Northeastern US. As part of the advisory effort, a number of strategic alternatives were considered including a leveraged recapitalization, minority stake sale, ESOP purchase and outside capital infusion. ConvergeOne is a portfolio company of private investment firm Clearlake Capital Group which manages $4 billion of assets.

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  • New York

    555 Fifth Ave.
    19th Floor
    New York, NY 10017
    (212) 350-8213

  • Boston

    99 High St.
    Suite 2900
    Boston, MA 02110
    (617) 431-4886

  • Washington DC

    11921 Freedom Dr.
    Suite 730
    Reston, VA 20190
    (617) 431-4886

  • London

    78 Pall Mall
    London, SW1Y 5ES
    UK
    +44 207 873 2116