Holland & Knight Advises Converge Technology Solutions on Acquisition of Paragon Development Systems
MIAMI (January 10, 2022) – Holland & Knight represented Converge Technology Solutions Corp. (TSX: CTS) (FSE: 0ZB) (OTCQX: CTSDF), a software-enabled IT and cloud solutions provider, on its acquisition of PDS Holding Company, a Delaware corporation, and its wholly owned subsidiaries, including Paragon Development Systems, Inc. (PDS). Converge acquired PDS from Mason Wells, a private equity firm based in Milwaukee, Wis. The deal closed on Jan. 7, 2022.
PDS is a Wisconsin-based organization focused on fueling digital transformation. It offers solutions ranging from cloud and security to servers and infrastructure to virtualized work environments and remote work. The company serves clients in three distinct markets: healthcare, public sector and corporate.
Headquartered in Toronto, Canada, Converge's regional sales and services organizations deliver advanced analytics, cloud and cybersecurity offerings to clients across various industries. The company supports these solutions with managed services, digital infrastructure and talent expertise offerings across all major IT vendors in the marketplace.
Holland & Knight Partner Jordan Taylor and Associate Blaine Remmick led the firm's representation of Converge. They were assisted by Partners Christine Gay and Bill Sherman and Associates Daniel Janovitz and Gabrielle Engel.
More information about the transaction can be found here.