Intelligent Protection Management agrees to buy AdTech business for up to $2.7 million
IPM•Intelligent Protection Management agreed to acquire Advanced Technology Distributors' IT and telecommunications services business for up to $2.7 million, subject to adjustments and closing conditions.
1. Two-stage acquisition
Intelligent Protection Management will acquire 49% of AdTech IT at the first closing and the remaining 51% at the final closing. Both closings require separate California Public Utilities Commission license approvals and other conditions. Consideration includes cash, a seller note and a performance-based earnout tied to milestones.
2. Expansion plans
The acquisition is expected to expand the buyer's California customer base, with opportunities to cross-sell cybersecurity, cloud and managed IT services.
