Peapack Private Advises ACA Computers Sale to Network Coverage

Peapack-Gladstone Financial Corporation, through its investment banking subsidiary Peapack Private Investment Banking, has successfully advised on the strategic sale of ACA Computers, LLC to Network Coverage. The transaction involved key players including ACA's selling shareholders JP Pladek and Paul Schmalz, with Peapack Private providing crucial advisory services throughout the deal process. While financial terms remain undisclosed, this acquisition represents a significant milestone for ACA, a trusted managed IT services provider that has built a 21-year legacy of excellence in system design, deployment, help desk support, remote IT services, data backup, and cloud computing solutions for mid-sized businesses across diverse industries.

The acquisition by Network Coverage, a full-service Managed Service Provider backed by Tenex Capital Management, marks an exciting new chapter for ACA's operations and service capabilities. According to JP Pladek, ACA's Founder and President, the partnership will elevate the quality of service that clients depend on while maintaining the company's commitment to innovation and white-glove customer service. Pladek specifically acknowledged Peapack Private's industry insight and guidance as instrumental in achieving a seamless and successful transaction. The Peapack Private team, led by Matthew Luczyk as Senior Vice President and Head of Corporate Advisory, demonstrated their expertise in navigating complex financial transactions within the business services sector.

This transaction highlights Peapack Private Investment Banking's growing reputation in providing strategic advisory and direct lending solutions to middle-market companies. The deal team included key contributors such as John Bolebruch (in memoriam), David Markovich, Robert Vogel, and Brett Flynn, showcasing the collaborative approach that defines Peapack Private's methodology. As a New Jersey bank holding company with $7.4 billion in total assets and $12.9 billion in assets under management, Peapack-Gladstone Financial Corporation continues to demonstrate its commitment to client-centric banking and investment services. The original release can be viewed on www.newmediawire.com, providing additional context about this significant business transaction in the managed IT services industry.