In April, KKR acquired DATAGROUP for $276 million at a 1.1x revenue multiple, adding a strong managed IT services and consulting platform in Europe to its portfolio. The cross-border deal illustrates continued consolidation in the managed services space and signals KKR’s confidence in digital infrastructure across the DACH region. 

Earlier in May, Blackstone acquired TaskUs for $461 million at a 0.6x revenue multiple. TaskUs delivers global BPO and digital transformation services, with a strong focus on AI-enabled customer experience. This large-scale deal reinforces private equity’s growing investment in automation-driven service models. 

In May, Zscaler acquired Red Canary for $675 million at a 5.4x revenue multiple, making it one of the highest-valued transactions of the period. Red Canary is a leading provider of managed detection and response, security operations center capabilities and threat intelligence. The acquisition enhances Zscaler’s threat detection and response portfolio, strengthening its leadership in enterprise cybersecurity. 

In March, Agilitas Private Equity acquired TietoEVRY’s Tech Services unit for $248.8 million. The carve-out creates a strong Nordic IT services platform focused on AI, cloud infrastructure and security. 

Proact IT Group boosted its Azure consulting capabilities with the $20.7 million acquisition of UK-based BlakYaks at a 2.9x sales multiple. The deal supports Proact’s European growth strategy in cloud automation and DevOps. 

In February, ASGN acquired TopBloc for $340 million to expand its digital transformation offerings. TopBloc is a Workday consulting partner focused on cloud-based HCM and financial management, enhancing ASGN’s enterprise SaaS capabilities. 

In January, H.I.G. Capital acquired Quisitive for $117 million at a 1.2x revenue multiple. Quisitive provides Microsoft-focused cloud, AI, and cybersecurity services, making it an attractive platform investment in enterprise digital transformation. 

 In November, Iron Mountain expanded its capabilities in IT asset disposition and data lifecycle management by acquiring Wisetek Solutions for nearly $51 million. Wisetek specializes in IT audit services, data destruction, recycling and global remarketing, providing businesses with sustainable IT solutions. This acquisition aligns with Iron Mountain's focus on environmental responsibility and bolsters its position in the global records and disaster recovery services market. 

In February, Mainline Information Systems acquired IT servics provider Converge Technology Solutions for $793 million, expanding its U.S. presence and enhancing its cloud, AI and cybersecurity services. 

In March, nVent Electric acquired the electrical products group business of Avail Infrastructure Solutions for $975 million at a 2.6x revenue multiple. The business manufactures custom electrical systems—including enclosures, switchgear and bus systems—for utilities, datacenters, OEMs, and EPCs across North America. The acquisition enhances nVent’s industrial electrification and infrastructure capabilities.