CTSDF - Converge Technology Solutions: The Rollup Strategy Continues With TIG Acquisition

• Converge has acquired yet another regional IT service provider in TIG.
• The pre-synergy acquisition multiple is at the upper end, but synergy realization should lower this to a more palatable level.
• With plenty of balance sheet flexibility, Converge has room for more acquisitions ahead.
• Shares trade at a relative discount to peers despite a more attractive growth profile.

For further details see: