Upstack Acquisition Spree Continues With TMG, LinkSource

March 07, 2023, 03:28 PM EST

Following 12 acquisitions in 2022, Upstack is trying to proceed M&A this yr with the acquisition of The Monaco Group and LinkSource’s community and cloud enterprise.

Quick-growing answer supplier and agent Upstack is constant its acquisition spree in 2023 with the acquisition of The Monaco Group (TMG) and LinkSource Applied sciences’ community and cloud sourcing enterprise.

In 2022, New York Metropolis-based Upstack acquired a complete of 12 corporations as a part of its mission to develop into one of many largest brokers on the planet. Acquisitions final yr included Connecticut-based DVP Applied sciences and Clifton, New York-based telecom firm Subsidium Applied sciences.

Upstack was launched in 2017, backed by non-public fairness agency Berkshire Companions, with the objective of reworking the way in which digital infrastructure is sourced and offered. Since based, Upstack has acquired greater than 25 corporations.

[Related: Upstack CEO Chris Trapp: ‘We’ve Created Liquidity Options For Agents’]

Upstack’s Acquisition Of TMG

Upstack, which ranked No. 491 on CRN’s 2022 Answer Supplier 500 checklist, is bullish on leveraging advisory agency TMG’s enterprise buyer attain in cloud, community, communication and cybersecurity. Boca Raton, Fla.-based TMG, led by founder and CEO Joe Monaco, will develop into an Intelisys Platinum Associate this yr.

“As a longtime telecom gross sales chief, Joe Monaco noticed a spot available in the market for offering massive enterprises with unbiased advocacy and constant assist with know-how sourcing and administration,” stated Upstack CEO Christopher Trapp in a press release. “The Monaco Group has stuffed that hole, turning into one of many nation’s largest and fastest-growing know-how advisory corporations.”

Joe Monaco is ready to develop into managing director of Upstack.

Monetary phrases of each the TMG and Upstack offers weren’t disclosed.

LinkSource Buy And {Hardware} Partnership

Upstack has additionally acquired the community and cloud sourcing enterprise of LinkSource Applied sciences, a Roseville, Calif.-based IT administration specialist.

LinkSource gives community and cloud sourcing in addition to managed companies—akin to telecom expense administration, mobility administration, vendor administration and bid administration. Much like TMG, LinkSource is a Intelisys Platinum Associate.

“LinkSource [is] a novel and impactful know-how administration enterprise that mixes a standard commissioned company with a direct-billed managed companies supplier,” stated Upstack’s Trapp. “The mixture has earned loyal prospects amongst a number of the most well-known enterprise manufacturers.”

Moreover, Upstack has fashioned a strategic partnership with LinkSource’s know-how {hardware} sourcing enterprise.

The 2 corporations stated they are going to work collectively to supply a extra seamless expertise for patrons as a part of the brand new strategic partnership.