Valeo Networks Acquires Fifth MSP In 19 Months

‘We are looking to make more acquisitions. We’re going to be very busy in the M&A world. We’re roughly shooting for five to eight acquisitions a year. We think that we have the right strategy to be able to pull it off,’ says Valeo Networks CEO Travis Mack.

Managed security service provider Valeo Networks has acquired another MSP, On Time Tech, the latest in a string of acquisitions the company has made as part of its growth strategy.

The acquisition, which is the fifth in 19 months for Valeo Networks, is part of an aggressive merger and acquisition strategy to help the company grow its managed security services, said Travis Mack, CEO of the Rockledge, Fla.-based company.

And it is far from the last acquisition Valeo Networks plans to make, Mack told CRN.

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“We are looking to make more acquisitions,” he said. “We’re going to be very busy in the M&A world. We’re roughly shooting for five to eight acquisitions a year. We think that we have the right strategy to be able to pull it off. It’s the strategy I’ve laid out for the organization.”

Valeo Networks’ track record shows it can be that aggressive, Mack said.

“Over the past year or so, we’ve done five acquisitions, so I don’t think five to eight a year is difficult by any stretch of the imagination.”

Valeo Networks is listed in CRN’s 2021 Managed Service Provider 500, and was also listed as the second-fastest growing solution provider in 2021 with year-over-year revenue growth of 560 percent, according to CRN’s Fast Growth 150 list.

Terms of the On Time Tech acquisition were not disclosed.

On Time Tech is a very efficiently operated MSP led by CEO Lance Stone, Mack said.

The company brings Valeo Networks an expanded presence in the San Francisco market, additional expertise in network administration, new cybersecurity toolsets and some very experienced personnel, he said.

“These are all very important ingredients to the recipe we are trying to make at Valeo,” he said.

A big part of Valeo Networks’ growth strategy comes from private debt investment it received in October from Clear Vision Impact Fund, a New York-based investment initiative sponsored by an affiliate of Siebert Williams Shank & Co. and managed by SWS Capital Management. Mack declined to say how much that investment was.

“That provided some good connections and some resources to do M&A deals faster,” he said.

Valeo Networks in April 2020 was acquired by Saalex Information Technology. Mack at the time was president and CEO of parent company Saalex Corp. Saalex IT in August 2020 changed its name to Valeo Networks.

Valeo Networks in May 2020 acquired Eugene, Ore.-based Arctic MSP. It followed that move in August with the acquisition of Network Management Services, a Eureka, Calif.-based MSP, and in December with the acquisition of Etech Solutions, a Des Moines, Iowa-based MSP.