Peapack Private Investment Banking Facilitates ACA Computers Acquisition by Network Coverage

Peapack-Gladstone Financial Corporation has announced its investment banking subsidiary, Peapack Private Investment Banking, served as the exclusive advisor to ACA Computers, LLC in its strategic sale to Network Coverage. The transaction represents another successful engagement for Peapack Private in the business services sector, though financial terms were not disclosed.

ACA Computers brings 21 years of experience as a managed IT services provider 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 has built its reputation on delivering tailored commercial IT solutions featuring 24/7 monitoring, cybersecurity protection, strategic IT planning, and scalable flat-rate services across diverse industries.

The acquisition by Network Coverage, a full-service Managed Service Provider backed by Tenex Capital Management, positions ACA for expanded capabilities and enhanced service delivery to its geographically diverse client base. This strategic partnership reflects the ongoing consolidation trend in the managed IT services industry, where scale and expanded service offerings are becoming increasingly important for competitive advantage.

JP Pladek, ACA's Founder and President, expressed enthusiasm about the partnership, stating the combination will elevate service quality for existing clients while maintaining the company's commitment to innovation and white-glove service. Pladek specifically acknowledged Peapack Private's industry insight and guidance as instrumental in achieving a seamless transaction process.

Matthew Luczyk, Senior Vice President and Head of Corporate Advisory at Peapack Private, emphasized the rewarding nature of helping clients realize the value of their built businesses. The transaction team included key contributors John Bolebruch, David Markovich, Robert Vogel, and Brett Flynn, demonstrating the collaborative approach that characterizes Peapack Private's advisory services.

This transaction underscores the importance of specialized investment banking expertise in middle-market transactions, particularly in the technology services sector where valuation complexities and strategic positioning require sophisticated advisory capabilities. For more information about Peapack Private's services, visit https://www.peapackprivate.com.

The acquisition signals continued momentum in IT services consolidation, providing ACA's mid-market business clients with access to broader resources and enhanced technological capabilities through Network Coverage's infrastructure and Tenex Capital Management's backing. This trend toward scale and expanded service portfolios in managed IT services reflects the evolving needs of businesses seeking comprehensive technology solutions from single providers.