MSP M&A: Upstack acquires ChaseTek Partners


Communications and digital infrastructure company Upstack, backed by private equity firm Berkshire Partners, has acquired ChaseTek Partners for an undisclosed amount.

This is technology M&A deal number 747 that ChannelE2E has covered so far in 2022. Discover over 1,000 technology M&A deals involving MSPs, MSSPs and IT service providers listed here.

Upstack, founded in 2017, is based in New York, New York. The company has 103 employees listed on LinkedIn. Upstack’s areas of expertise include Colocation, Network, Private Cloud, Public Cloud, Hybrid Cloud, Hybrid IT, Data Center, Unified Communications, Cloud Contact Center, Security and business continuity.

ChaseTek, founded in 2004, is based in Dublin, Ohio. The company has 19 employees listed on LinkedIn. ChaseTek’s areas of expertise include enterprise voice and data networking, enterprise infrastructure management, telecommunications solutions, enterprise technology implementation, voice and data product sourcing, enterprise voice and data support services and enterprise telecommunications.

ChaseTek specializes in serving multi-location businesses in the retail, healthcare, financial services and manufacturing industries.

As part of the deal, ChaseTek President Chris Wolfe and Vice President Michael Marlowe will join Upstack as partners and managing directors, according to the company. Additionally, ChaseTek’s staff of eight tech specialists will join Upstack’s support team, the company said.

Upstack Acquires ChaseTek: Leadership Insight

Christopher Trapp, CEO, Upstack

Christopher Trapp, Founder and CEO of Upstack, commented:

“ChaseTek has become a well-known and respected technology infrastructure consulting firm by filling a void in the market for expert consulting associated with managed services. Their model aligns perfectly with ours, and we are delighted to welcome Chris, Michael and the team to Upstack.

Chris Wolfe, President of ChaseTek, said:

“While our set of technology solutions has changed, our core value proposition has remained the same. We ensure vendor promises are delivered and customers realize the value of their technology infrastructure as soon as the contract is signed. Our customers will immediately benefit from the support organization that Upstack is building, which would be difficult for us to scale on our own. And we are building a high degree of certainty that we can continue to offer our customers in the future.

Michael Marlowe, Vice President, ChaseTek, added:

“The future for us as part of Upstack is very exciting. What we can do to help our customers with Upstack’s tools, support and expanded offering is exciting. We immediately benefit from the depth of resources and capabilities.

Upstack’s M&A Strategy

Building on an earlier capital investment from Berkshire Partners, Upstack recently secured $100 million in funding from MidCap Financial and Morgan Stanley Private Credit to scale its platform through technology expansion and investments from strategic partners.

This has led Upstack to be very active in the M&A game for the past few years. The acquisitions mainly focused on telecommunications, networks and infrastructure companies. Transactions tracked by ChannelE2E include:


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