Macro Integration Services Acquired by DecisionPoint Systems, Inc.
Sellside Advisor to Macro Integration Services
7 Mile Advisors Announces Macro Integration Services Has Been Acquired by DecisionPoint Systems, Inc.
7 Mile Advisors acted as the exclusive sellside advisor.
CHARLOTTE, NC – Macro Integration Services (“Macro”), based in Greensboro, North Carolina, has announced it has been acquired by DecisionPoint Systems, Inc (“DecisionPoint”), a mobility-first enterprise services and solutions company. The terms of the deal were not disclosed.
7 Mile Advisors acted as the exclusive sellside advisor to Macro throughout the transaction.
“It was a pleasure working with both Macro and DecisionPoint. Their respective vision, strategy, and culture aligned from the outset and should result in exceptional results immediately, and well into the future,” commented Mark Landry, Partner at 7 Mile Advisors.
“Selling a business is stressful to say the least. The great value that 7 Mile Advisors provided Macro Integration Services was a tremendous reduction of that stress. Their expertise and guidance during the negotiation process, the due diligence process, and closing increased our ultimate sales proceeds significantly. We had very knowledgeable assets and resources at our disposal, and we truly couldn’t have made it through the process without them. To have such talented people was a huge added bonus.” said Bruce Atkinson, CFO of Macro Integration Services.
Steve Smith, CEO of DecisionPoint, commented: “The acquisition of Macro is right on target with our key strategic priorities, including increasing margins through adding more services, expanding our regional presence, and adding new capabilities and deepening existing ones. This immediately accretive acquisition also strengthens our position in the traditional retail market while adding to adjacent retail verticals in food service and grocery.”
Key Acquisition Highlights
- Immediately accretive
o Expected to add $10+ million in revenue and $1+ million in Adjusted EBITDA during the remainder of 2023
- Increases mix of services and adds new solutions
o Services represented approximately 70% of Macro’s revenue in 2022
o Adds capabilities for digital signage and video systems
o Complementary offerings in point of sale, payments, mobility and self-service
- Strengthens DecisionPoint’s position in the broader retail industry
o Deepens penetration of traditional retail and hospitality verticals
o Adds food service vertical
o Scales grocery, QSR (quick-service restaurants) and C-store (convenience stores) verticals more quickly
o Expansion of services into the Southeastern region of the U.S.
o Adding significant warehousing capacity on the East Coast
o Cross-selling opportunities
”We are thrilled to join with DecisionPoint,” said Terry Morgan, CEO of Macro Integration Services. “Our two companies are complementary from a cultural, geographic and market perspective and the opportunity to cross-sell can drive long-term synergies. We look forward to working closely with Steve and his team to drive growth of the combined Enterprise.”
7 Mile Advisors is pleased to have completed over 15 successful transactions in the Industrial Services and Technology ecosystem. As the need for digital transformation in the manufacturing setting continues to drive M&A the team at 7 Mile is prepared to assist business owners looking to pursue strategic opportunities both on the buyside and sellside.
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, and 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 www.7mileadvisors.com.
About Marco Integration Services
Headquartered in Greensboro, NC, Macro Integration Services was established to address the project service, hardware, and software needs of premier retail and grocery chains with multi-locations and sophisticated systems. We have evolved to become a great solution partner for any organization managing technology solutions and deployments across multiple locations. Each customer has a dedicated team made up of solution managers, relationship managers, and courteous and professional field engineers. Our team of solution professionals are 100% committed to working within our customers budget, schedule and scope of work. Our deep experience and our network of technology partnerships can bring excellent and cost-effective results tailored to our customers’ needs. For more information about Marco Integration Services, visit macrointegrations.com
About DecisionPoint Systems
DecisionPoint Systems Inc. delivers mobility-first managed service and integration solutions to healthcare, supply chain, and retail customers, enabling them to make better and faster decisions in the moments that matter—the decision points. Our mission is to help businesses consistently deliver on those moments—accelerating growth, improving worker productivity, and lowering risks and costs. For more information about DecisionPoint Systems, Inc., visit www.decisionpt.com.
In this press release, all statements that are not purely about historical facts, including, but not limited to, those in which we use the words “believe,” “anticipate,” “expect,” “plan,” “intend,” “estimate, “target” and similar expressions, are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. While these forward looking statements represent our current judgment of what may happen in the future, actual results may differ materially from the results expressed or implied by these statements due to numerous important factors, including, but not limited to, those described in our most recent report on SEC Form 10-K (under the headings “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations”), which may be revised or supplemented in subsequent reports on SEC Forms 10-Q and 8-K. We are under no obligation, and expressly disclaim any obligation, to update the forward-looking statements in this press release, whether as a result of new information, future events or otherwise.