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Grade A-plus: Ottawa IT firm boosts U.S. presence with acquisition of Michigan company


An IT firm with a major Ottawa footprint and big ambitions of expanding across North America has further bolstered its presence south of the border after its second M&A deal in less than six months. 
Convergence Networks/Grade A said Wednesday it’s finalized the acquisition of Application Specialist Kompany, a 34-person managed IT services and cybersecurity firm based in Lansing, Mich. Financial terms of the agreement were not disclosed.
The deal comes hot on the heels of Ottawa-based Grade A’s merger with Oregon’s Convergence Networks last December. Boston-based private equity firm Riverside Partners is the majority shareholder in the combined firm, which is officially incorporated in the U.S. and has its Canadian headquarters in Ottawa and its U.S. head office in Portland. ....

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