Kerr ranked No. 52 on Bob Scott’s Top 100 VARs with revenue of $21.2 million and 120 employees. Its founder, Dave Kerr, has been CEO of the firms since the Proviso acquisitions. M&A in this segment has been driven by accounting firms and by private equity investors. Accounting firms buying resellers since January are as follows: Citrin Cooperman, Mibar, January; CBIZ, Compudata, March; Dean Dorton,DeRosa Mangold Consulting, July. On the PE side, Evergreen Business Services acquired Solutions Systems in May and EthoSystems in July, its ninth and tenth VAR buys. Another PE firm, Plingsten, formed the Ascend platform in May by picking up the Rand Group and MicroAccounting. PE money has driven some of these deals with Net at Work having received a “growth investment” of undisclosed size from Lovell Minnick Partners in September. There have also been some deals with resellers buying other VARs or product practices. These included RKL eSolutions nabbing Chortek’s Sage business in January; DSD acquiring Emerald TC and Aktion Associates buying the Acumatica and Sage legacy practices from MNP, both in May and Net at Work purchasing Kensium’s Acumatica business in July.
Estimated reading time: 1 minute, 10 seconds
CHERRY BEKAERT BUYS KERR Featured
Accounting firm Cherry Bekaert has acquired Kerr Consulting, a Woodlands, Texas-based Sage reseller in a busy year for M&A activity in the ERP VAR market. Terms were not disclosed for Kerr, which was a portfolio company of Proviso Capital.
Most Read
-
-
May 22 2017
-
Written by mark
-
-
-
May 19 2021
-
Written by BobWScott
-
-
-
May 22 2017
-
Written by BobWScott
-
-
-
May 25 2016
-
Written by mark
-