Bank Street Group: credited tech M&A deals
Deals in the ProCloser Tech & SaaS M&A Deal Index where Bank Street Group was named as an advisor in a public source. Back to the advisor league.
Bank Street Group is an M&A advisory firm publicly credited on 4 deals in the ProCloser Tech M&A Deal Index (2 sell-side, 2 buy-side), announced between Jun 30, 2026 and Oct 15, 2026.
Sectors: IT services (3), Data infrastructure (1). 0 of 4 credited deals disclosed a value.
Last updated Oct 16, 2026.
Bank Street Group sits at #15 of 161 (tied with 5 other firms) in the advisor league by credited deals, while the median firm in the league holds 1 credited deal. Ties share the better rank. The targets in Bank Street Group's record, oldest first, are Dark Fiber and Infrastructure, LLC, Recovery Point Systems, Digital Back Office and EarthLink. The first credit in Bank Street Group's record is Dark Fiber and Infrastructure, LLC on Jun 30, 2026 and the latest is EarthLink on Oct 15, 2026, a span of 107 days. That works out to one credited deal every 36 days on average, and the longest quiet stretch was 72 days between Dark Fiber and Infrastructure, LLC and Recovery Point Systems. The sections below walk through each of those deals, the buyers and co-advisors involved, and how Bank Street Group compares inside every sector it is credited in, all computed from the rows of the index.
Credited deals
Where Bank Street Group advised the buyer, the credit appears as "Buy-side" beneath the sell-side advisor cell. Values only where publicly disclosed; every row links to its source.
| Date | Target | Acquirer | Buyer type | Sector | Geo (target → acquirer) | Value | Sell-side advisor | Source |
|---|---|---|---|---|---|---|---|---|
| EarthLinknationwide internet service provider | WaveDivision Capital | Private equity | IT services | US → US | Undisclosed | Not disclosedBuy-side: Bank Street Group | Press release | |
| Digital Back Officemanaged IT and network connectivity provider | Acture Solutions | Strategic | IT services | US → n/a | Undisclosed | MartinWolf PreferredBuy-side: Bank Street Group | News | |
| Recovery Point Systemsmanaged disaster recovery and cyber resiliency services | CBTS | Strategic | IT services | US → US | Undisclosed | Bank Street Group | News | |
| Dark Fiber and Infrastructure, LLCdark fiber conduit network infrastructure | SummitIG | PE-backed strategic | Data infrastructure | US → US | Undisclosed | Bank Street Group | Press release |
Firms in gold are ProCloser preferred firms: each is ranked #1 in one of our best-advisor guides. Other advisors are named as credited in the source. Source links open the original announcement. Credits for Bank Street Group appear only where Bank Street Group was named in a public announcement.
Bank Street Group, deal by deal, newest first
One paragraph for each of the 4 deals credited to Bank Street Group, written from the fields of the row and the linked source. A clause appears only when the index holds that field.
WaveDivision Capital acquires EarthLink (buy-side, Oct 15, 2026)
Bank Street Group is credited as buy-side advisor on this deal, which means Bank Street Group advised WaveDivision Capital on the purchase of EarthLink. WaveDivision Capital, The Pritzker Organization, and Stephens Capital Partners agreed to acquire EarthLink, a nationwide internet service provider, for undisclosed terms. The announcement Bank Street Group was credited on is dated Oct 15, 2026, and the index files EarthLink under IT services in the sub-sector of nationwide internet service provider. In Bank Street Group's record the tags attached to EarthLink are broadband, isp, fiber internet, 5g and small business internet. The index classes WaveDivision Capital as a private equity buyer. EarthLink is based in the United States and WaveDivision Capital in the United States, so the index treats it as a domestic deal. No price was disclosed for EarthLink, so the value stays blank here. The source names no advisor other than Bank Street Group on the EarthLink deal. In the date order of Bank Street Group's own record this is credit 4 of 4, announced 8 days after the Digital Back Office credit, and credit 3 of 3 in IT services. The announcement behind the EarthLink credit: WaveDivision Capital, Stephens Capital Partners, and The Pritzker Organization Partner with Management to Acquire EarthLink (press release). The index rates this row high confidence.
Acture Solutions acquires Digital Back Office (buy-side, Oct 7, 2026)
Bank Street Group is credited as buy-side advisor on this deal, which means Bank Street Group advised Acture Solutions on the purchase of Digital Back Office. Acture Solutions acquired Digital Back Office, a managed IT services and internet service provider serving K-12 schools and municipalities, for undisclosed terms. The announcement Bank Street Group was credited on is dated Oct 7, 2026, and the index files Digital Back Office under IT services in the sub-sector of managed IT and network connectivity provider. In Bank Street Group's record the tags attached to Digital Back Office are managed services, cybersecurity, network connectivity, k-12 education and municipal. The index classes Acture Solutions as a strategic buyer. Digital Back Office is based in the United States; the index records no buyer country. No price was disclosed for Digital Back Office, and the index leaves the figure blank. MartinWolf advised the other side of the table from Bank Street Group. In the date order of Bank Street Group's own record this is credit 3 of 4, announced 27 days after the Recovery Point Systems credit, and credit 2 of 3 in IT services. The announcement behind the Digital Back Office credit: Acture Solutions Acquires Digital Back Office To Expand Managed IT And Cybersecurity Platform, Pulse 2.0 (news). The index rates this row high confidence.
CBTS acquires Recovery Point Systems (sell-side, Sep 10, 2026)
Bank Street Group is credited as sell-side advisor on this deal, which means Bank Street Group advised Recovery Point Systems on the sale to CBTS. CBTS acquired Recovery Point Systems, a managed disaster recovery and cyber resiliency provider, for undisclosed terms. The announcement Bank Street Group was credited on is dated Sep 10, 2026, and the index files Recovery Point Systems under IT services in the sub-sector of managed disaster recovery and cyber resiliency services. In Bank Street Group's record the tags attached to Recovery Point Systems are disaster recovery, draas, cyber resiliency, colocation and data centers. The index classes CBTS as a strategic buyer. Recovery Point Systems is based in the United States and CBTS in the United States, so the index treats it as a domestic deal. No price was disclosed for Recovery Point Systems, so no figure is entered for it. The source names no advisor other than Bank Street Group on the Recovery Point Systems deal. In the date order of Bank Street Group's own record this is credit 2 of 4, announced 72 days after the Dark Fiber and Infrastructure, LLC credit, and credit 1 of 3 in IT services. The announcement behind the Recovery Point Systems credit: CBTS buys Recovery Point to bolster enterprise disaster recovery, Dealroom (news). The index rates this row high confidence.
SummitIG acquires Dark Fiber and Infrastructure, LLC (sell-side, Jun 30, 2026)
Bank Street Group is credited as sell-side advisor on this deal, which means Bank Street Group advised Dark Fiber and Infrastructure, LLC on the sale to SummitIG. SummitIG acquired Dark Fiber and Infrastructure, LLC, a dark fiber and conduit network provider, for undisclosed terms. The announcement Bank Street Group was credited on is dated Jun 30, 2026, and the index files Dark Fiber and Infrastructure, LLC under Data infrastructure in the sub-sector of dark fiber conduit network infrastructure. In Bank Street Group's record the tags attached to Dark Fiber and Infrastructure, LLC are dark fiber, fiber network, data center connectivity and digital infrastructure. The index classes SummitIG as a PE-backed strategic buyer. Dark Fiber and Infrastructure, LLC is based in the United States and SummitIG in the United States, so the index treats it as a domestic deal. No price was disclosed for Dark Fiber and Infrastructure, LLC, and the index never estimates one. The source names no advisor other than Bank Street Group on the Dark Fiber and Infrastructure, LLC deal. In the date order of Bank Street Group's own record this is credit 1 of 4, the earliest credit, and the only Data infrastructure credit for Bank Street Group. The announcement behind the Dark Fiber and Infrastructure, LLC credit: SummitIG Strengthens Market Footprint with Acquisition of Dark Fiber & Infrastructure (press release). The index rates this row high confidence.
Bank Street Group in charts
Bank Street Group: deals by sector
Data table
| Sector | Bank Street Group deals (share) |
|---|---|
| IT services | 3 (75%) |
| Data infrastructure | 1 (25%) |
Bank Street Group: deals by buyer type
Data table
| Buyer type | Bank Street Group deals (share) |
|---|---|
| Strategic | 2 (50%) |
| PE-backed strategic | 1 (25%) |
| Private equity | 1 (25%) |
Bank Street Group: deals by quarter
Data table
| Quarter | Bank Street Group deals |
|---|---|
| Q2 2026 | 1 |
| Q3 2026 | 1 |
| Q4 2026 | 2 |
Who Bank Street Group worked with
Co-advisors
1 of the 4 deals credited to Bank Street Group names at least one other advisor, and the other 3 name Bank Street Group alone. 1 other firm appears next to Bank Street Group: 0 on the same side and 1 across the table. MartinWolf is the most frequent counterpart, sharing 1 deal with Bank Street Group.
| Firm | With Bank Street Group on one side | Across the table from Bank Street Group | Shared deals |
|---|---|---|---|
| MartinWolf | 0 | 1 | Digital Back Office |
Acquirers
The 4 deals credited to Bank Street Group involve 4 distinct acquirers. By buyer type the mix behind Bank Street Group's deals is strategic (2), private equity (1) and PE-backed strategic (1).
| Acquirer | Buyer type | Deals with Bank Street Group | Largest disclosed | Targets |
|---|---|---|---|---|
| Acture Solutions | Strategic | 1 | Undisclosed | Digital Back Office |
| CBTS | Strategic | 1 | Undisclosed | Recovery Point Systems |
| SummitIG | PE-backed strategic | 1 | Undisclosed | Dark Fiber and Infrastructure, LLC |
| WaveDivision Capital | Private equity | 1 | Undisclosed | EarthLink |
Sector context for Bank Street Group
How the credits of Bank Street Group compare with the whole index in each sector where Bank Street Group is credited.
IT services: Bank Street Group against the sector
Bank Street Group is credited on 3 of the 28 advised IT services deals, a 11% share, which puts Bank Street Group #1 of 30 among IT services advisors. Behind that share, the index tracks 259 IT services deals in all, and 28 of them (11%) name an advisor.
Bank Street Group's IT services credits are EarthLink (WaveDivision Capital, Oct 15, 2026, Undisclosed); Digital Back Office (Acture Solutions, Oct 7, 2026, Undisclosed); Recovery Point Systems (CBTS, Sep 10, 2026, Undisclosed).
For the full IT services picture beyond Bank Street Group, see IT services sector record (JSON).
Data infrastructure: Bank Street Group against the sector
Bank Street Group is credited on 1 of the 26 advised Data infrastructure deals, a 3.8% share, which puts Bank Street Group #4 of 34 (tied with 30 other firms) among Data infrastructure advisors. Behind that share, the index tracks 183 Data infrastructure deals in all, and 26 of them (14%) name an advisor.
Bank Street Group's Data infrastructure credits are Dark Fiber and Infrastructure, LLC (SummitIG, Jun 30, 2026, Undisclosed).
For the full Data infrastructure picture beyond Bank Street Group, see Data infrastructure sector record (JSON).
What Bank Street Group's targets look like
The businesses Bank Street Group advised on are described in the index as nationwide internet service provider, managed IT and network connectivity provider, managed disaster recovery and cyber resiliency services and dark fiber conduit network infrastructure.
Across Bank Street Group's 4 credited rows the tags that recur most are 5g, broadband, colocation, cyber resiliency, cybersecurity, dark fiber, data center connectivity and data centers.
Target countries recorded for Bank Street Group's deals: the United States (4), known for 4 of 4 rows.
Buyer countries recorded for Bank Street Group's deals: the United States (3), known for 3 of 4 rows.
0 deals in Bank Street Group's record are flagged cross-border.
Advisors related to Bank Street Group
Firms credited in the most of the same sectors as Bank Street Group, nearest in credited-deal count first. Names link to a profile only where the firm has one.
- Guggenheim Securities: 2 sectors in common with Bank Street Group (Data infrastructure and IT services), 4 credited deals against 4 for Bank Street Group
- PwC: 2 sectors in common with Bank Street Group (Data infrastructure and IT services), 2 credited deals against 4 for Bank Street Group
- Piper Sandler: 1 sector in common with Bank Street Group (IT services), 4 credited deals against 4 for Bank Street Group
- Qatalyst Partners: 1 sector in common with Bank Street Group (Data infrastructure), 4 credited deals against 4 for Bank Street Group
- Baird: 1 sector in common with Bank Street Group (Data infrastructure), 3 credited deals against 4 for Bank Street Group
Machine-readable record for Bank Street Group
The same credits as structured data, with an evidence label on every row: JSON record and Markdown record. Both are licensed CC BY 4.0 and rebuilt daily with this page.
Frequently asked questions about Bank Street Group
How many deals is Bank Street Group credited on in this index?
Bank Street Group is credited on 4 deals: 2 sell-side and 2 buy-side, announced between Jun 30, 2026 and Oct 15, 2026. The targets are Dark Fiber and Infrastructure, LLC, Recovery Point Systems, Digital Back Office and EarthLink. 0 of the 4 disclosed a price. That count covers only deals verified by the ProCloser index, each with a public source naming Bank Street Group, and is not the firm's full track record.
Which sectors does Bank Street Group advise in?
Bank Street Group is credited in IT services (3) and Data infrastructure (1). IT services is the largest at 3 of 4 credited deals (75%). The index tracks 11 sectors in total, so Bank Street Group appears in 2 of them.
What is the largest deal Bank Street Group was credited on?
No deal credited to Bank Street Group disclosed a price, so there is no largest disclosed value to report for Bank Street Group. Undisclosed prices stay undisclosed in the index and are never estimated.
Is Bank Street Group mostly a sell-side or a buy-side advisor?
Bank Street Group is sell-side on 2 of 4 credited deals (50%) and buy-side on 2 (50%). Across all 332 credits in the index, 59% are sell-side, so Bank Street Group is less sell-side heavy than the league as a whole.
Which acquirers has Bank Street Group worked with?
Bank Street Group has worked on deals involving 4 acquirers. The most frequent in Bank Street Group's record: Acture Solutions (1), CBTS (1) and SummitIG (1). Buyer types: strategic (2), private equity (1) and PE-backed strategic (1).
How does Bank Street Group rank against the typical advisor in the league table?
Bank Street Group is #15 of 161 (tied with 5 other firms) by credited deals, against a league median of 1 credited deal. Bank Street Group has no disclosed value to rank. Rankings reflect public credits in this index only and undercount firms that rarely announce their deals.
Where does the data on Bank Street Group come from?
Each of the 4 credits for Bank Street Group links to a public source, split by type as news (2) and press release (2). A firm is credited only when its name appears in that source text; we do not add credits for Bank Street Group from memory or from third-party databases.
Which firms advised alongside Bank Street Group?
1 other firm appear on the same deals as Bank Street Group, led by MartinWolf (1). 1 of 4 deals credited to Bank Street Group name another advisor.
How do I get an introduction to a firm like Bank Street Group?
If you are selling an IT services company or another software business, get matched and ProCloser will introduce you to a vetted M&A advisory firm that fits your sector and deal size, free to sellers. Bank Street Group is one of 161 firms credited in the index and ranks #15 of 161 (tied with 5 other firms) by credited deals.
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