Peapack Private Investment Banking Facilitates Strategic Sale of ACA Computers to Network Coverage

Peapack-Gladstone Financial Corporation, through its investment banking subsidiary Peapack Private Investment Banking, has successfully advised ACA Computers, LLC on its strategic sale to Network Coverage. The transaction represents a significant development in the managed IT services sector, bringing together ACA's 21-year legacy of excellence with Network Coverage's full-service capabilities backed by Tenex Capital Management.

ACA Computers has established itself as a trusted provider of managed IT services for mid-sized businesses, offering comprehensive solutions including system design and deployment, help desk support, remote IT services, data backup, and cloud computing. The company's expertise extends to 24/7 monitoring, cybersecurity, strategic IT planning, and scalable, flat-rate services tailored to diverse industries. This acquisition by Network Coverage marks a new chapter that will expand ACA's capabilities and strengthen its ability to deliver exceptional IT support to a geographically diverse client base.

JP Pladek, ACA's Founder and President, expressed enthusiasm about the partnership, noting that Network Coverage's leadership team shares ACA's commitment to innovation and white-glove service. Pladek also acknowledged Peapack Private's industry insight and guidance, which were instrumental in achieving a seamless and successful transaction. The advisory team from Peapack Private Investment Banking included Matthew Luczyk, Senior Vice President and Head of Corporate Advisory, who emphasized the rewarding nature of helping clients realize the value of what they have built.

Peapack Private Investment Banking provides strategic advisory and direct lending solutions to middle-market companies across all industries, with this deal highlighting another successful engagement in the business services sector. The firm is known for its collaborative approach and deep expertise in navigating complex financial transactions. Combined with its wealth management capabilities, Peapack offers a differentiated experience for clients seeking comprehensive financial solutions. Additional information about the company's services can be found at https://www.peapackprivate.com.

The strategic sale demonstrates the ongoing consolidation in the managed IT services industry and the importance of specialized investment banking expertise in facilitating such transactions. For ACA Computers, the partnership with Network Coverage represents an opportunity to enhance service delivery and expand market presence, while for Peapack Private, it reinforces the firm's position as a trusted advisor in middle-market corporate transactions.