Data center directory firm Upstack has acquired technology services advisory firm Strategic Telecom Partners.
It is the company’s first acquisition of 2024, following more than two dozen deals since 2021.
Founded in 2012, Overland Park, Kansas-based Strategic Telecom Partners is a technology services consulting firm that advises midmarket and enterprise clients on solutions to meet their multilocation IT infrastructure requirements.
Terms of the deal were not disclosed.
Brad Carrell, Strategic Telecom Partner’s founder and managing partner, will join Upstack as partner and managing director.
“Brad Carrell is ahead of the curve. He built Strategic Telecom Partners into one of the top-performing technology advisory firms based on delivering an exceptional customer experience long before CX was top of mind,” said Upstack founder and CEO Christopher Trapp. “Customer advocacy is a guiding principle at Upstack and one of the many reasons I’m excited to welcome Brad to the Upstack team.”
Carrell added: “I joined Upstack because I care about my customers, their success and future. My customers will benefit from having more resources without losing me. In fact, I will be more available to advise them about more solutions that can drive their business growth.”
Upstack was launched in 2017 with the idea of enabling customers to find colocation space through a single source by aggregating and comparing multiple providers' offerings.
In 2021 the company secured $50 million in equity investment from Berkshire Partners, followed by $100 million in financing from MidCap Financial and Morgan Stanley Private Credit.
Upstack operates a global database to help customers find available data center space, network capacity, and other services.
The company acquired some six firms in 2023, after 11 acquisitions in 2022 and at least eight in 2021.
Over 2023, March saw Upstack acquire Florida-based enterprise technology advisory firm The Monaco Group (TMG) and the network and cloud sourcing business of California’s LinkSource Technologies.
In April the company acquired New York-based technology advisory firm Signal Technology Group. July saw Upstack acquire Nevada-based Sidepath Global Inc., a full-service provider of telecom services.
In October the company acquired Network One Solutions, a technology solutions consulting firm based in California. November saw the company acquire Florida technology advisory firm Progressive Communications Management (PCM).
