Get the Industry Trends Report
Back to blog July 20, 2018 No Comments Author: Andy Jones

Private Equity Investing in Managed IT Companies

Recently, I’ve noticed an increase in the number of managed IT companies for sale. It strikes me that this is a very fragmented industry that might be ripe for a roll-up strategy.

Based on recent transactions from our database of private equity portfolio companies, the following private equity firms are currently investing in the managed IT space:

Private Equity Firms Investing in Managed Information Technology Companies

June 2018 – H.I.G. Capital completed a significant investment in Eze Castle Integration, Inc. (Boston, MA)

Eze Castle Integration is a provider of managed it services and cloud solutions to financial services firms. The company provides outsourced cloud IT infrastructure, cybersecurity, communications, and business protection.

May 2018 – Spire Capital Partners (Fund III) invested in Dynamic Quest. (Greensboro, NC)

Dynamic Quest is a managed service provider for IT services to enterprises and mid-sized businesses. The Company’s services include hosted cloud services, disaster recovery, managed it, software maintenance, application support, virtual CIO and security services.

May 2018 – Vista Foundation Fund III acquired LogicMonitor. (Santa Barbara, CA)

LogicMonitor is a SaaS-based performance monitoring platform for enterprise IT, managed service providers (MSPs), and small and mid-sized businesses, enabling organizations of all sizes to monitor their entire IT infrastructure from a single application.

May 2018 – Evergreen Services, a family of business services companies backed by Alpine Investors, invested in Interlaced.

Interlaced is a team of consultants, engineers, and strategists, and is one of only a few sophisticated Apple-centric IT providers in the world.

April 2018 – Evergreen Services, a family of business services companies backed by Alpine Investors, invested in JENLOR Integrations. (Pittsburgh, PA)

JENLOR Integrations, LLC is a provider of IT services to small and mid-sized businesses in the greater Pittsburgh area.

January 2018 – Evergreen Services, a family of business services companies backed by Alpine Investors, made an investment in Wolf Consulting LLC. (Monroeville, PA)

Wolf Consulting, LLC is a provider of managed it services to small and mid-sized businesses.

January 2018 – Evergreen Services, a family of business services companies backed by Alpine Investors, made an investment in Executech. (South Jordan, UT)

Executech is an outsourced IT services provider. The company provides enterprise-quality IT to small and medium-sized organizations across the Intermountain West.

December 2017 – Renovus Capital Partners acquired a controlling interest in Lockstep Technology Group. (Duluth, GA)

Lockstep provides end-to-end technological services. The Company specializes in managed it services, cloud solutions, IT risk management and security, and strategic IT consulting.

July 2017 – WestView Capital Partners made a minority growth investment in Abacus Group LLC. (San Francisco, CA)

Abacus Group LLC is a provider of managed it solutions focused on helping hedge funds, private equity funds and other financial institutions deploy and manage their IT.

June 2017Thoma Bravo acquired Continuum (Boston, MA) from Summit Partners.

Continuum Managed Services is a SaaS-based global IT management platform for managed it Service Providers (MSPs).

May 2017 – Wincove Private Holdings, LP led the recapitalization of Comstar Technologies, LLC. (West Chester, PA)

Comstar Technologies, LLC is a full-service provider of technology and telecommunications services to corporate and institutional customers. The Company’s services include cloud-based VOIP (voice-over internet protocol) phone systems, the installation and maintenance of traditional phone systems, managed it services, network infrastructure and cabling, and the integration of security, fire and A/V systems.