MSP, Backed by Private Equity, Acquires Hospitality Expertise
QDOS SBL provides managed IT and communications to the hospitality industry. The deal mark’s Ridgewall’s fourth in the last 12 months and will enhance the company’s technical capability, international footprint, and diversify its client base, Ridgewall said.
Founded in 2011, Ridgewall provides business-critical services in IT, communication, and cybersecurity to small and medium-sized enterprises. Following the deal, the company will employ more than 100 people and serve approximately 1,800 customers.
Dominic McAnaspie, CEO of Ridgewall, commented:
“I’m proud of the business we have built up at Ridgewall. For some time now we have felt there is a real opportunity to take a leading role in consolidating what we see as a fragmented industry. QDOS SBL is our fourth acquisition of 2019, and we are confident that Inflexion’s impressive track record in helping businesses grow through M&A as well as their technology know-how and experience make them an ideal partner as we look to expand our company in this way.”
Simon Turner, managing partner at Inflexion, added:
“Ridgewall’s success to-date in developing long-term relationships combined with its technical excellence make it well placed to drive its future growth both organically and acquisitively. Management’s ambition and proven tenacity mean the company has the potential to become a unique international asset in the sector and we look forward to supporting them on that journey.”
This investment was made by affiliated funds advised by Inflexion Private Equity Partners.