Mergers & Acquisitions

Learn More

Private Capital Raises

Learn More

Market Assessments & Valuations

Learn More

Business Services & Technology

Learn More

Infrastructure, Industrial, Energy & Environmental Services

Learn More

Healthcare and Life Sciences

Learn More

Consumer Products & Retail

Learn More

Emerging Markets

Learn More


Learn More
Deal Talk with 7MA

Your resource for invaluable insight into investment banking and the M&A space.

Learn More
Deal Us In

Conversation with women leaders and rising stars in the private equity and finance space.

Learn More
BlueAlly acquired by Source Capital

BlueAlly acquired by Source Capital

Sellside Advisor To BlueAlly

7 Mile Advisors Acted as the Exclusive Sellside Advisor to BlueAlly Technology Solutions in Their Sale to Source Capital

The acquisition will augment BlueAlly’s growth strategy in the cloud infrastructure automation and security sector.

CHARLOTTE, NC — BlueAlly Technology Solutions, a Cary, NC-based cloud infrastructure and managed services provider, has been acquired by Source Capital, a leading private investment firm focused on providing flexible equity and debt capital to lower middle-market companies. 7 Mile Advisors, a Charlotte, NC-based investment bank acted as the exclusive sellside advisor throughout the process. 

“This is a great partnership that will allow BlueAlly to accelerate its growth in infrastructure automation and managed security services during a time when cloud connectivity, storage, speed, and security are paramount to the daily operations of many businesses,” said John Cooper, Managing Director at 7 Mile Advisors.

“We welcome the Source Capital team to the BlueAlly family, and value the experience, insight, and partnership approach they bring to accelerate our company’s growth,” said Vijay Tanamala, Founder and Executive Chairman of BlueAlly. He added that the focused search and consultative approach 7 Mile Advisors brought to this strategic initiative enabled the BlueAlly executive team to select a great partner such as Source Capital.

BlueAlly’s services span the entire technology life cycle from initial design and implementation to on-going managed security and infrastructure services. The Company has established itself as an industry leader through its comprehensive offerings and deep technical-expertise.

Tom Harbin, Managing Partner at Source Capital, stated, “BlueAlly has built an impressive IT services platform. We are thrilled to partner with the BlueAlly team and we look forward to growing the business together.” 

7 Mile Advisors remains committed to serving clients across the Digital Transformation and IT Services ecosystems. This transaction marks the globally-focused team’s third successful transaction in the past three months, further proving their thesis that deals are continuing to take place during these uncertain times. For more about transaction trends during the COVID-19 pandemic, view the firm’s recent blog post, “Are Deals Getting Done During the COVID-19 Pandemic?” or find a Deal Talk with 7MA podcast episode on the topic. 

7 Mile Advisors will continue to serve both motivated buyers and stable sellers in this unique environment. To learn more about how the 7 Mile team can assist you with your strategic goals, please contact the firm at

About 7 Mile Advisors

7 Mile Advisors provides Investment Banking & Advisory Services to the Business Services and Technology Industries globally. 7 Mile Advisors advises on M&A and private capital transactions, as well as provides market assessments and benchmarking. As a close-knit team with a long history together and a laser focus on our target markets, 7 Mile Advisors helps its clients sell companies, raise capital, grow through acquisitions, and evaluate new markets. All securities transactions are executed by 7M Securities, LLC, member FINRA / SIPC. For more information, including research on the M&A markets, visit

About BlueAlly Technology Solutions

Founded in 2011, BlueAlly has continually expanded its offerings to meet the ever-increasing IT needs of its customers. The Company takes pride in its thoughtful and technical approach to provide the best services and solutions. Over the years BlueAlly has earned the trust as a preferred partner to some of the world’s largest companies and also established deep relationships with industry-leading technology partners. To learn more about BlueAlly, please visit:

About Source Capital, LLC

Source Capital, LLC is a private equity firm that invests in mature, lower middle-market companies across a range of industries. Source Capital’s investment strategy targets growing companies with greater than $2 million in EBITDA seeking a growth-oriented partner. Since its founding in 2002, Source Capital has made 23 equity platform investments, 39 add-on acquisitions and 28 debt investments. To learn more about Source Capital or to discuss a new equity or debt investment opportunity, please reach out to a member of our investment team.


Don't have a login? Create an account