Over the past a number of months, Five Star Franchising and Executech, two Utah-dependent businesses, acquired companies based outside of Utah. ZAACT Consulting was bought by a business outdoors of Utah. However, economical phrases have been not disclosed in any of these transactions.
Transient highlights of these three different transactions are discovered below.
5 Star Franchising Acquires Two Companies: 1-800-Packouts AND Mosquito Shield And Unpacks a 3rd Franchise To Start
Five Star Franchising, a Springville, Utah-based corporation, recently acquired two much more businesses for its escalating selection of innovative residence products and services platforms and released a new franchise. These announcements mark the company’s eighth acquisition considering that launching in June 2021.
1-800 Packouts, a Ball Ground, Ga-primarily based organization, is a foremost franchisor of residential contents restoration, packing, cleaning, and weather-managed storage providers, and 1-800-Textiles was launched as an added provider for buyers who have to have cleaning, restoration, and storage methods for textiles broken from water, smoke, or hearth.
Kevin Loner, CEO, launched the business in 2015 and will join Five Star Franchising in its ongoing campaign to acquire the major property solutions franchise system.
In the company’s push launch, Scott Abbott, CEO of 5 Star, explained:
“We are thrilled to spouse with Kevin Loner and his group as they sign up for the 5 Star family members of manufacturers. Kevin has built a outstanding business enterprise with a powerful track record of major growth, operational excellence, and client company. Packouts will have an immediate, beneficial effects as a dynamic addition to the Five Star platform, and the start of Textiles is a match-changer. The synergies involving the two makes are enormous and will let us to improved serve clients and franchisees.”
Mosquito Shield, dependent in North Attleboro, Massachusetts, and a single of Entrepreneur’s Major Franchise 500 models, is a top franchisor of household mosquito and tick management expert services.
Founder David Briggs will act as an advisor to 5 Star in the course of what is their eighth acquisition, and Michael Moorhouse and Brad Maher, two extensive-time team users, will sign up for Five Star as manufacturer president.
“Five Star’s capabilities, administration team, and eyesight designed them a natural in good shape as a companion to Mosquito Protect,” reported David Briggs.
“We glance ahead to leveraging Five Star’s intensive enhancement and operational capabilities to continue to aggressively expand our franchise procedure while also offering most effective-in-class aid to our franchisees,” added Michael Moorhouse.
Five Star is backed by Princeton Equity Group, a main personal equity organization singularly concentrated on attaining franchisor and multi-unit businesses.
No economical conditions ended up disclosed for either transaction.
Penned by J’Nel Wright
Executech Continues Acquisitions with Arizona-dependent Flagstaff Information Technological innovation & Communications
Executech, centered in South Jordan, Utah, introduced it was obtaining Flag Employees Facts Technological know-how & Communications, LLC. The acquisition enhances Executech’s information technological innovation and cybersecurity solutions and extends its footprint into Northern Arizona.
Executech commenced as a pc consulting business with its founder as the sole staff in 1999. Given that its inception, the organization grew to over 100 employees when Evergreen Companies Group invested in Executech in 2018. The financial commitment was meant to support Executech mature from a regional group into extra of a national existence. Later on in 2018, Evergreen Expert services Team changed Executech’s CEO with DJ Dorff. Dorff brought with him two years of mergers and acquisitions practical experience from doing the job with Adobe in Lehi, Utah.
Adhering to Evergreen Expert services Group’s 2018 expense, Executech has engaged in a succession of acquisitions broadening its roots significantly past Utah. Before attaining Flag Team IT & Communications, Executech acquired Nucleus in 2021. This IT assistance service provider is based out of Vancouver, British Colombia. At the time, that was the third acquisition in the earlier twelve months for Executech. Nucleus’s management group was remaining in place to work the business independently.
The new March 2022 announcement of obtaining Flag Employees IT & Communications falls on the heels of a series of other acquisitions. These acquisitions associated Richland, Washington-based Elevate in November 2021 and Redlands, California-centered Laptop or computer Alternatives in February 2022. Plainly, Executech and its 2018 investor Evergreen Products and services Group have manufactured use of their CEO’s mergers and acquisitions expertise to enhance the countrywide footprint of Executech. They now have places mentioned in 20 unique towns in five states.
Created by Robert Snyder
Sandy-centered ZAACT Consulting to be Acquired by California-dependent Altigen
Sandy, Utah-dependent ZAACT Consulting, a business built to present solutions and skills for Microsoft programs, signed a definitive acquisition agreement with Silicon Valley-centered Altigen Communications Inc. (OTCQB:ATGN), a service provider of cloud-centered purchaser working experience answers.
In accordance to a push launch, in addition to getting a considerable quantity of belongings from the Intermountain Technologies Group, who do business as ZAACT Consulting, on the closing of explained settlement, Altigen Communications will also take in ZAACT’s administration workforce and personnel. The closing is anticipated to get location afterwards this thirty day period. Money terms ended up not disclosed.
ZAACT has accomplished Microsoft Gold Partner standing in various areas, like,
- Unbiased Computer software Vendor,
- Collaboration and Articles,
- Cloud Efficiency, and
- Datacenter and Application Development.
Jeremy Fleming, Chairman and CEO of Altigen stated,
“This strategic acquisition is an integral component of Altigen’s approach to supply the industry’s most finish suite of built-in alternatives and solutions for Microsoft Groups. The abilities made available by ZAACT are an complete requirement for any mid-measurement or organization consumer engagement.”
Written by Macy Reamer