BEDMINSTER, NJ - November 6, 2025 (NEWMEDIAWIRE) - Peapack-Gladstone Financial Corporation (NASDAQ Global Select Market: PGC), the holding company for Peapack Private Bank & Trust and its investment banking subsidiary, Peapack Private Investment Banking, is pleased to announce its advisory role in the sale of ACA Computers, LLC (“ACA”) to Network Coverage. Peapack Private advised ACA’s selling shareholders, JP Pladek and Paul Schmalz, throughout the transaction. Financial terms were not disclosed.
ACA, a trusted provider of managed IT services for mid-sized businesses, has built a 21-year legacy of excellence in system design and deployment, help desk support, remote IT services, data backup, and cloud computing. The company delivers comprehensive commercial IT solutions, including 24/7 monitoring, cybersecurity, strategic IT planning, and scalable, flat-rate services tailored to diverse industries.
The acquisition by Network Coverage, a full-service Managed Service Provider backed by Tenex Capital Management, marks a new chapter for ACA. This strategic partnership expands ACA’s capabilities and strengthens its ability to deliver exceptional IT support to a geographically diverse client base.
JP Pladek, ACA’s Founder and President, commented, “I am thrilled to join forces with Network Coverage to elevate the service our clients depend on. Their leadership team shares our commitment to innovation and white-glove service. I am also deeply grateful to Peapack Private for their industry insight and guidance, which were instrumental in achieving a seamless and successful transaction.”
Peapack Private Investment Banking provides strategic advisory and direct lending solutions to middle-market companies across all industries. The team is known for its collaborative approach and deep expertise in navigating complex financial transactions. This deal highlights another successful engagement in the business services sector.
"Helping our clients realize the value of what they have built is incredibly rewarding. Combined with our wealth management capabilities, we offer a truly differentiated experience," said Matthew Luczyk, Senior Vice President, Head of Corporate Advisory.
Key contributors to the transaction included:
- Matthew Luczyk, SVP, Head of Corporate Advisory
- John Bolebruch, Senior Advisor (In Memoriam)
- David Markovich, Analyst, Corporate Advisory
- Robert Vogel, Senior Managing Director, Wealth Management
- Brett Flynn, Managing Director, Wealth Management
About the Company
Peapack-Gladstone Financial Corporation is a New Jersey bank holding company with total assets of $7.4 billion and assets under management and/or administration of $12.9 billion as of September 30, 2025. Founded in 1921, Peapack Private Bank & Trust is a commercial bank that offers a client-centric approach to banking, providing high-quality products along with customized and innovative wealth management, investment banking, commercial and personal banking solutions. The Bank's wealth management division offers comprehensive financial, tax, fiduciary and investment advice and solutions to individuals, families, privately held businesses, family offices, and not-for-profit organizations, which help them establish, maintain, and expand their legacy. Peapack Private Bank & Trust offers an unparalleled commitment to client service. Visit www.peapackprivate.com for more information.
Contact: Denise Pace-Sanders, Peapack Private Bank & Trust, SVP Managing Principal, Brand and Marketing Director, 500 Hills Drive, Suite 300, Bedminster, NJ 07921, dpace@peapackprivate.com, (908) 470-3322
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