CEDAR RAPIDS — A Cedar Rapids-based managed information technology and data center service company is making an acquisition that will nearly double its assets and workforce.
Involta on Thursday said it has signed a definitive agreement to purchase substantially all the assets of Data Recovery Services (DRS) in Youngstown, Ohio. The managed-services and information technology consulting firm operates in Ohio and Pennsylvania.
With the agreement, Involta doubles in size with more than half the nearly 200 employees residing in Ohio.
Involta operates eight data centers in Arizona, Idaho, Iowa, Ohio and Minnesota. The company has a substantial and growing presence in Ohio with a data center in Akron.
The assets of DRS include more than 5,500 fiber miles in Ohio and western Pennsylvania, two Youngstown-based data centers, an operations management agreement for the WeConnect Community Data Center near Columbus, and leased data center space in Pittsburgh.
“This move is truly about growth,” said Mike Meloy, DRS chief executive officer, in a news release. “DRS clients will benefit from additional facilities, including connectivity to Involta’s enterprise data center in Akron. Involta and its clients will benefit from enhanced territory reach and technical services capabilities.”
Involta founder and CEO Bruce Lehrman said the two companies share many important values.
“DRS and Involta are built on enterprise-grade technologies and have tremendous rapport with our clients. DRS and Involta clients deeply trust us as strategic IT partners.”
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Meloy and Gordulic will maintain an ownership interest in Involta. Meloy will be eastern regional vice president and general manager, and Gordulic will be vice president of integrations.
The transaction is expected to close as soon as the required consents and approvals are obtained.