2 Acquisitions of Companies in Parsippany

January 15, 2023
Acquisitions Hub

M&A activity has seen a steady increase across the globe over the past decade, especially in Parsippany. Startups and technology companies have become very popular with private equity firms, strategic buyers and even family offices.

In this blog post, we are taking a closer look at 2 acquisitions that took place in Parsippany .

IND Corporation acquired by ReachOut Technology

Details about the transaction:

Acquisition amount:

$6,600,000

Announcement:

27 September 2022

Details about the company:

IND focuses on providing small and medium-sized businesses in New Jersey with fixed-price IT support and consulting services.

Headquarter:

Parsippany, New Jersey, United States

Where to find them:

Industry:

Consulting, Information Technology

Details about the buyer:

ReachOut Technology provides connectivity, hosting, data backup, and IT assistance for small businesses.

Headquarter:

Mokena, Illinois, United States

Where to find them:

Knights Inn acquired by Red Lion Hotels

Details about the transaction:

Acquisition amount:

$27,000,000

Announcement:

4 April 2018

Details about the company:

Knights Inn offers affordable online hotel and motel room reservations.

Headquarter:

Parsippany, New Jersey, United States

Where to find them:

Industry:

Hospitality, Hotel

Details about the buyer:

A firm in the hospitality industry that primarily owns, operates, and franchises hotels

Headquarter:

Spokane, Washington, United States

Where to find them: