TUC Brands Acquires Canadian Managed Services Provider Protek

Canadian managed services and cloud computing provider TUC Brands announced on Wednesday that it has acquired Canadian managed services provider Protek Corporation. The financial terms of the deal were not disclosed.

Protek will continue TUC Brands’ strategy of acquiring well-established managed service providers in key Canadian and US markets.

Launched in 1983, Protek generates over $10 million in annual revenue. Through the acquisition, Protek customers will now have access to extended helpdesk hours and capabilities, as well as more services in virtualization, networking and security.

“We are very excited to add such a quality organization to the TUC fold,” Mark Scott, CEO of TUC Brands said in a statement. “We were looking to grow our presence in Southwestern Ontario, which is one of the key markets in Canada, by acquiring a strong regional MSP and we are very proud to add their team and expertise to our organization.”

TUC Brands was launched in February 2012 to accelerate the development of businesses in the managed services and cloud computing industry. It does this through  two programs: Franchise 2.0, and MSPXchange. Franchise 2.0 provides entrepreneurs and investors with a framework to buy a managed IT services business, while MSPXchange provides MSPs through a structured merge or acquisition strategy. Since March 2012, TUC Brands has acquired Nitro IT and now Protek.

“About a year ago we were approached by an M&A advisory firm who introduced us to two US-based IT firms interested in expanding to Canada. In addition to these firms, we were introduced to TUC in March 2012 expressing an interest to expand to SW Ontario. Al, Peter and I assessed our options and after considerable dialogue with all parties, concluded that TUC would be the best option for our clients and employees. We needed to join forces with an organization with national reach and a proven ‘next-generation’ remote managed services operating model to help our customers and employees grow into the future,” Harvey Schilke, CEO of Protek said in a statement. “After we evaluated several potential acquirers, TUC became the obvious choice the further we engaged with them and began to work with their leadership team. We are very excited about the prospects for our business and expansion ahead.”

TUC has named Elizabeth Walpole as president for the London region to work with the Protek team. As part of her role, Walpole will lead the integration.

At the end of July, cloud hosting provider Savvis acquired IT consulting and managed services company Ciber’s global IT outsourcing business for $7 million. Savvis said it would provide clients with continued IT outsourcing support as well as enhanced capabilities, including cloud services.

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