Centre Technologies Acquires Jackson Technical, Expanding Its Commitment to Oklahoma Businesses

Posted by Matthew Bristow in Corporate Finance, Mergers & Acquisitions

Centre Technologies, a managed services, business applications, and cybersecurity provider serving Texas and Oklahoma and backed by LightBay Capital, announced today the acquisition of Jackson Technical, a Tulsa-based IT services MSP company recognized for its deep community involvement and long-standing customer relationships.

ClearRidge (M&A and Transaction Advisors) represented Jackson Technical on this transaction.

For nearly three decades, Jackson Technical has earned the trust of organizations across the Tulsa area by delivering responsive technology support backed by genuine relationships. As businesses face evolving pressure to keep up with cybersecurity threats and emerging technologies, Centre and Jackson Technical are bringing together complementary strengths to help customers navigate those challenges with greater confidence.

“What attracted us to Jackson Technical was the reputation they built in Tulsa and the way they’ve supported their customers over the years,” said Chris Pace, CEO and Founder of Centre Technologies. “They’ve become a trusted partner to businesses throughout the community because they focus on understanding customer needs and helping solve real business problems. That approach mirrors how we operate at Centre. We’ve always believed businesses deserve enterprise-level expertise delivered through personalized service and a local touch, and we’re excited to continue that alongside the Jackson Technical team.”

The acquisition will give Jackson Technical customers access to broader technology resources while preserving the local and trusted relationships that have defined their experience for years. Customers will continue working with the people who understand their business and their goals while accessing the expanded expertise, solutions, and resources available through Centre Technologies.

As organizations look for guidance around cloud strategy, cybersecurity resilience, ERP solutions, and the practical adoption of AI, they will now have access to a deeper bench of consultants and specialists through Centre Technologies. That expanded expertise will help customers move forward with initiatives ranging from cloud adoption and cybersecurity maturity to strategic AI planning and ERP modernization through Microsoft Dynamics 365 Business Central.

“After 27 years of building Jackson Technical, choosing the right partner for our next chapter was incredibly important to me,” said Tim Jackson, President at Jackson Technical, about his decision to join the Centre Technologies team. “Centre stood out because they share our commitment to taking care of clients, investing in employees, and building relationships for the long term. They bring additional resources, expertise, and capabilities that will allow us to do even more for our clients, while preserving the people and relationships that have made Jackson Technical successful. I’m genuinely excited about what we’ll be able to accomplish together. Finally, I want to thank the M&A team at ClearRidge team for helping make this partnership happen with Centre.”

The acquisition continues to advance Centre’s investment in Oklahoma. Over the past several years, the company has steadily expanded its presence across the state while maintaining a strong focus on delivering local support backed by enterprise-level expertise.

“Oklahoma will be an important growth market for Centre,” Pace added. “We’re committed to building something meaningful by partnering with people that have earned the trust of their communities. Jackson Technical is exactly that kind of company. We’re excited to build on that foundation while creating new opportunities for both customers and employees.”

While Centre remains focused on serving businesses throughout Oklahoma, Texas, and the broader central US region, the company continues to evaluate opportunities that align with its culture, customer-first philosophy, and long-term growth strategy.

XPV Water Partners acquires Weisinger Incorporated, the leading groundwater service company in Texas

Posted by Matthew Bristow in Corporate Finance, Mergers & Acquisitions
XPV Water Partners acquires Weisinger Incorporated, the leading full suite provider of groundwater and water well services for municipal and industrial customers across Texas. ClearRidge represented Weisinger on this transaction.
XPV Weisinger Acquired

Aberdeen Dynamics Acquires East Texas Seals, Marking Its Third Acquisition in Three Years

Posted by Matthew Bristow in Corporate Finance, Mergers & Acquisitions
Aberdeen Dynamics, a provider of engineered hydraulic, pneumatic, and fluid power systems, has acquired East Texas Seals, a premier distributor of manufactured and custom-designed O-rings, rubber seals, molded components, and sealing solutions throughout Texas. ClearRidge advises Aberdeen's Senior Management and Board on acquisition strategy.
ETS Aberdeen Acquisition - ClearRidge

Aberdeen Dynamics Acquires Southwest Seal & Supply, Expanding Reach in the Southwest

Posted by Matthew Bristow in Mergers & Acquisitions
Aberdeen Dynamics, a leader in motion and control technologies, has acquired Southwest Seal & Supply, a leading distributor of sealing products, hydraulic hoses, fittings, couplings, gaskets, and fluid control solutions in the Southwest region. ClearRidge advises Aberdeen's Senior Management team and Board on acquisition strategy

Increasing Merger & Acquisition Activity in this Election Year

A prevailing assumption is that a slowdown in mergers and acquisitions (M&A) occurs from October to December of an election year (and the following year depending on the party that is elected), but is that actually the case? Let’s first take a look at the last two previous election cycles...

Surprises to selling a company in COVID-19

We had several acquisitions working in March when everything shut down and were not expecting to initiate any new engagements until late summer. However, we did start discussions on a new acquisition at the end of May. Surprisingly to us, the response was overwhelmingly positive and, as of last week, we have nine bona fide offers to acquire this company, five of which are at or above pre-COVID market value. How could this be?

How does a Presidential Election Impact the Sale of My Business?

What happens to M&A in the run up to the 2020 Presidential Election? In past election years with an incumbent President, there has been a slowdown in M&A activity from October into mid-November, but how about 2016? Most experts got it wrong. Prior to the 2016 Presidential election, …

Is 2020 the right time to sell my company?

We were recently asked by a client if current market conditions are right for the sale of his company. There are two parts to the question: “current market conditions” and “for his company.”  The primary driver of the decision should be an analysis of his particular, unique business.  Current market conditions are an external driver of his company's performance and also impact the price a buyer will pay for his company, but they are only one factor of many factors that impact business valuation and timing for a sale.

Section 338 Business Sale –Stock Sale, with Asset Sale Tax Treatment

What is a 338 Election? How would I use it when I sell my business? In a typical acquisition (using an S-corporation as an example), the seller seeks to maximize capital gains, on which they pay a lower tax rate, and the buyer seeks to maximize the present value of tax deductions. While this may be desired, there may be a need to effect the transaction as a stock deal rather than an asset deal.
Show All