Blank Rome Represents Magna5 in Its Acquisition of Advanced Network Systems, Inc.’s Assets
Blank Rome represented Magna5 MS LLC, NewSpring Holdings’ managed IT, cybersecurity, and cloud-based services platform, in its acquisition of substantially all the assets of Advanced Network Systems, Inc., a Virginia-based cybersecurity and managed IT services company. The transaction closed on October 2, 2023. This is the second acquisition into Magna5’s platform in the last nine months. Blank Rome previously represented Magna5 in its acquisition of the U.S. operations of Apogee IT Services, LLC, a managed IT and cybersecurity services provider with operations based in Pittsburgh, Pennsylvania, and Boston, Massachusetts.
For more information on the transactions please read the following press releases:
- Magna5 Expands Managed IT Services and Cybersecurity Coverage in the Mid-Atlantic Region through the Acquisition of Advanced Network Systems | Magna5 (press release, October 4, 2023)
- Magna5 Increases Scale in Pittsburgh and Boston Markets through Acquisition of the U.S. Operations of Apogee IT Services - Magna5 (press release, February 6, 2023)
The Blank Rome team was led by Alan Zeiger, Brock Wittmeyer, and Jake Shapiro, with additional support from Mark Blondman, Jennifer Daniels, Cory Jacobs, Michael Kadlec, Lisa Casey Spaniel, Shlomo Troodler, Jacob Brownstein, Blake Fink, Brian O’Neil, Adam Sansweet, Anthony Senick, and Ivy Shapiro.