CRSA Technologies

How our valuation and sell side process helped merge CRSA Technologies and Uprite Services in mutually beneficial ways.

CRSA Technologies began as an accounting software sales and consulting firm (Automated Accounting Alliance) but underwent a number of service transformations over the years. They evolved into a computer hardware and repair firm after acquiring Computer Rescue becoming the largest hardware dealer in San Antonio, TX. In order to further serve this clientele, CRSA expanded to include managed IT Services. Next, they acquired Kingdom Communications and added VoIP options to their offerings. In the fall of 2020, they were acquired by Uprite Services.

CRSA was already entertaining three offers along a merger and acquisitions track when they came across iTV at the IT Nation conference. They engaged in further talks with iTV after the conference. It wasn’t long before they realized one of their potential buyers was already being represented by iTV.

How We Did it

We guided them through the valuation and sell side process. Five months into the 
process, COVID hit, which delayed the sale of the business.

However, we still continued to monitor and manage the process until we could 
establish stable footing. After the economy and markets were into recovery, we fully 
re-engaged the process.

In addition, we took the time to answer a lot of their questions especially around the 
state of their accounting. The buyer wanted some changes made and we helped CRSA 
walk through them.

Lastly, we made sure to guide them expertly through the due diligence, negotiations, post-merger integration planning and the closing. This is one of the most tedious but critical parts of the transaction process. We work hard to ensure that everyone understands and provides what is required. This is important to foster transparency, trust and confidence that ultimately leads to successful outcomes.

Results

By improving their IT infrastructure and remote work environment, they were able to increase their operational efficiencies, double their work staff and expand their service area statewide. They have more time to focus on their core business priorities to better serve their clients. Also, they’re able to predict and plan their IT spending for future business technology needs years in advance thanks to having a strategic minded IT partner.