Peapack Private Investment Banking Facilitates Strategic Sale of ACA Computers to Network Coverage

Peapack-Gladstone Financial Corporation, through its investment banking subsidiary Peapack Private Investment Banking, has successfully advised ACA Computers, LLC on its strategic sale to Network Coverage. The transaction represents another successful engagement in the business services sector for Peapack Private, which provided comprehensive advisory services to ACA's selling shareholders, JP Pladek and Paul Schmalz, throughout the sale process.

ACA Computers has established itself as a trusted provider of managed IT services for mid-sized businesses over its 21-year history. The company has built a strong reputation for excellence in system design and deployment, help desk support, remote IT services, data backup, and cloud computing solutions. Their comprehensive commercial IT offerings include 24/7 monitoring, cybersecurity services, strategic IT planning, and scalable, flat-rate services tailored to meet the needs of diverse industries.

The acquisition by Network Coverage, a full-service Managed Service Provider backed by Tenex Capital Management, marks a significant development in the IT services landscape. This strategic partnership is expected to expand ACA's capabilities while strengthening its ability to deliver exceptional IT support to a geographically diverse client base. The combination represents the ongoing consolidation trend in the managed services industry, where scale and expanded service capabilities are becoming increasingly important for competitive advantage.

JP Pladek, ACA's Founder and President, expressed enthusiasm about the partnership, noting that Network Coverage's leadership team shares ACA's commitment to innovation and white-glove service standards. Pladek also acknowledged Peapack Private's instrumental role in achieving a seamless and successful transaction, highlighting the importance of specialized investment banking expertise in navigating complex middle-market deals.

Matthew Luczyk, Senior Vice President and Head of Corporate Advisory at Peapack Private, emphasized the rewarding nature of helping clients realize the value of what they have built. The transaction demonstrates how combined wealth management and investment banking capabilities can create a differentiated experience for business owners considering strategic transitions. The deal team included key contributors from both corporate advisory and wealth management divisions, showcasing the integrated approach that Peapack Private brings to client engagements.

This transaction underscores the continued strength in merger and acquisition activity within the business services sector, particularly for established companies with strong track records and specialized expertise. For business owners in the IT services industry, the successful sale of ACA Computers demonstrates the value of building sustainable business models and maintaining strong client relationships over extended periods. The deal also highlights the importance of working with experienced financial advisors who understand both the technical aspects of transaction execution and the personal considerations involved in business ownership transitions.

Peapack Private Investment Banking continues to provide strategic advisory and direct lending solutions to middle-market companies across various industries, with a reputation for collaborative approaches and deep expertise in navigating complex financial transactions. More information about their services can be found at https://www.peapackprivate.com. The successful completion of this transaction reinforces the value proposition of specialized investment banking services in helping business owners achieve their strategic objectives while maximizing value creation.