Waterloo Managed Software Services Inc. has been acquired by Brookfield

Corporate Finance case study


Waterloo Managed Software Services Inc.


Corporate Finance


Financial advisory


Waterloo Managed Software Services (“WatServe”) is a global provider of managed cloud hosting services based in Waterloo, Ontario, with offices in Southfield, Michigan; Minneapolis, Minnesota; and Reading, UK.

WatServ is one of the world’s largest suppliers of hosted Microsoft Dynamics AX, NAV, GP, SL and CRM.


Growing approximately 30% year over year, WatServ is the market leader in Microsoft Dynamics managed hosting services, with a highly recognizable brand and strong relationship with Microsoft and its respective resellers. WatServ's sole shareholder was seeking a partner to provide growth capital and was seeking a succession plan for the company. 


Our strong brand reputation, credibility and global relationships positioned the Corporate Finance team well to assist WatServ with its objectives. We ran a controlled process, approaching a limited set of potential acquirers in order to respect the confidential nature of the transaction amongst WatServ’s client base and employees.

We were able to obtain offers from several parties. Brookfield Asset Management emerged as the best partner to back WatServ through their next leg of growth.


Brookfield is based in Toronto and is a global alternative asset manager with approximately $225 billion in assets under management. The company has owned and operated assets for over 100 years, with a focus on property, renewable energy, infrastructure and private equity.

"Brookfield investments in WatServ’s new service offerings for Managed Azure, Office 365 and CRM Online will provide added value for our customers. Additionally, the Brookfield partnership provides our customers with an assurance of long term financial stability", says Tom Doerner, WatServ Founder and CEO. "Customers can expect the transaction to improve our support and technologies. WatServ is expected to grow rapidly and become the world’s largest, most experienced providers of Managed Cloud Computing solutions for Microsoft Dynamics ERP and CRM applications on both Microsoft Azure and WatServ Private Clouds."

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