The 10 Biggest Channel Mergers And Acquisitions Of 2016 (So Far)


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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.




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