Heartland IT sold to Buchanan Technologies in September 2024
- Sett & Lucas facilitated the sale of Heartland IT to Buchanan Technologies, enhancing Buchanan's Oracle service capabilities.
- Heartland IT, established in 2010, has experienced rapid growth and specializes in Oracle staffing for large companies.
- The merger is expected to create significant cross-selling opportunities and strengthen both companies' market positions.
On September 27, 2024, Sett & Lucas announced its advisory role in the sale of Heartland IT to Buchanan Technologies, a company under the Lightview Capital portfolio. This strategic acquisition aims to enhance Buchanan's capabilities in delivering Oracle solutions, particularly in Oracle Fusion, JD Edwards, PeopleSoft, and eBusiness Solutions. Heartland IT, founded in 2010 and led by CEO Patrick Donlin, has established itself as a key player in the Oracle space, experiencing significant growth of nearly 45% year-over-year prior to the sale. The merger is expected to create extensive cross-selling opportunities and strengthen both companies' positions in the IT staffing and services sector. Sett & Lucas has previously facilitated several notable transactions in this industry, reinforcing its reputation as a leading global M&A advisory firm.