6. Carousel Industries
Company acquired: Atrion
Head count: 300 employees
Annual revenue: $140 million
Purchase price: Not disclosed
Date of announcement: June 8, 2016
Expected to Close: Q3 of fiscal 2016
Carousel bought a fellow Rhode Island solution provider in order to quickly scale its nascent Cisco practice and become more of a one-stop shop for customers.
Exeter, R.I.-based Carousel – No. 64 on the CRN SP 500 – said nearly three-fourths of its 6,000 customers use Cisco products, but until March were unable to procure Cisco products via Carousel.
However, now, with the company's acquisition of Warwick, R.I.-based Atrion – No. 196 on the 2015 CRN SP 500 – Carousel will be able satisfy that demand.
Atrion reported that half of its revenue is from its Cisco business with a robust product and managed services practice built around the vendor.
According to the Carousel, the transaction will create a combined entity that is one of the largest and fastest-growing privately held IT services firms in the U.S, with $525 million in annual revenue and 1,300 professionals located across the nation.