Intelligent Protection Management to Acquire AdTech Business for $2.7 Million

Intelligent Protection Management Corp. entered into a definitive agreement to acquire the information technology, telecommunications, connectivity, and managed services business of Advanced Technology Distributors Inc. for a total consideration of up to $2.7 million.

The transaction will be executed in two stages, beginning with the acquisition of 49% of the membership interests of AdTech IT LLC, followed by the purchase of the remaining 51%. The total payment includes cash at both closings, a seller note, and a performance-based earnout.

Closing the deal is contingent upon the California Public Utilities Commission approving a change-of-control filing and a Tier 2 Advice Letter regarding the transfer of a competitive local exchange carrier license. AdTech currently provides services to small and medium-sized businesses throughout central and northern California.

James Lawson, founder and president of Advanced Technology Distributors Inc., stated that existing customer contracts and services will remain unchanged. The acquisition is described by Intelligent Protection Management Corp. as a milestone in the company's growth strategy.