Presidio, Inc. entered into a definitive purchase agreement to acquire Netech Corporation from family of James Engen.

Presidio, Inc. entered into a definitive purchase agreement to acquire Netech Corporation from family of James Engen, Chief Executive Officer of Netech Corporation on December 31, 2016. Netech Corporation had revenues of approximately $325 million in the year 2015. The deal is expected to close in the first quarter of 2016.

As of January 27, 2016, the deal got early termination notice from FTC. Lincoln International LLC acted as financial advisor to Netech.