Smart Solutions, Inc. has been acquired by Blue Technologies, Inc. Terms of the transaction were not disclosed.
EdgePoint Capital initiated the transaction, including identifying and contacting Blue Technologies on behalf of Smart Solutions, led the negotiations, and served as the exclusive financial advisor to Smart Solutions.
Founded in 1983, Smart Solutions provides IT managed services, IT infrastructure consulting, electronic document management solutions, and hardware and software resale and support services, with clients primarily in the education, legal, professional services, government and corporate sectors. The Company is based in Beachwood, Ohio.
Located in Cleveland, Ohio, Blue Technologies is a paper- and paperless-office technology solutions provider, offering customized solutions from multi-function printers to managed print and IT.
EdgePoint is a leading investment banking firm focused on providing lower and middle market business owners with merger and acquisition advisory services.