Private equity firm Thurston Group has partnered with Dynascale to launch a new IT business services platform.
Dynascale is a B2B IT services company that provides managed private cloud and security solutions alongside data center services to its clients.
Thurston Group’s new platform is designed to bring IT services to businesses across the country in order to capitalize on recent growth within the sector, the firm said. As Thurston Group points out, the total market size for Managed Services Providers (MSPs) is expected to reach nearly $600 billion by 2028.
As part of the launch, Dynascale has welcomed David Closson as Chief Information Officer. Closson brings over 25 years of information technology (IT) architecture and service provider experience, most recently serving as Senior Director of Cloud, Data Center, and Technical Service Operations for Internet Corp. at Assigned Names and Numbers (ICANN).
Thurston Grup’s New IT Services Platform: Executive Insight
Patrick J. Haynes III, chairman and CEO, Thurston Group, commented:
"The launch of our IT services platform is a significant milestone for Thurston Group, and represents a continuation of its track record of success investing in and building business services companies. We see tremendous growth opportunities in this sector. With Dynascale's commitment to customer service and Thurston's time-tested operational and M&A playbook, we are confident that we can increase value and scale through complementary acquisitions, leading our platform to success." Mr. Haynes will serve as Chairman of Dynascale.
Igor Shalkevich, CEO, Dynascale, said:
"Dynascale is excited to be the anchor company for Thurston Group's new IT business services platform. We are committed to providing our clients with 24x7 live support, unparalleled performance and resilience, competitive pricing, and control down to the base layer. With Thurston Group's support, we can continue to provide best-in-class private and hybrid cloud solutions, network and storage deployments, and secure digital infrastructure management for our clients."
Vincent Vuong, CTO, Dynascale, added:
"I am excited to be part of this new venture with Thurston Group. I am confident that our partnership with Thurston Group will aid us to become a recognized name and leader in the IT business services industry while continuing our legacy of customer focus."
