Solganick & Co. has published its latest M&A flash report on the IT services industry. It covers the latest mergers and acquisitions transactions and valuation for the sector.
Data Storage Corporation (Nasdaq: DTST) (“DSC” and the “Company”), a provider of diverse business continuity, disaster recovery protection and cloud solutions, today announced it has completed the previously announced merger of Data Storage FL, LLC, a wholly-owned subsidiary of the Company, with and into Flagship Solutions, LLC (“Flagship”), with Flagship surviving as a wholly-owned subsidiary of the Company. Flagship’s Chief Executive Officer Mark Wyllie will continue as CEO of the new Flagship subsidiary following the Merger, and has joined DSC’s Board of Directors.
Solganick & Co. was the exclusive advisor to Flagship Solutions Group in its merger with Data Storage Corporation.