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Private Equity Firm Acquires Major MSP

Tim Britt

Tim Britt

Sverica Capital Management, a private equity investment firm, has acquired Synoptek, a ¬†well-known¬†managed services provider (MSP) that has offices in California, Colorado and Idaho. The deal sounds like it was roughly two years in the making, and it’s expected to spark additional M&A in the months ahead.

Synoptek is an MSP that has pushed hard into managed cloud services. The company also offers bread and butter services like network management, security and outsourced help desk support. The deal with Sverica will allow Synoptek to accelerate its organic and M&A growth plans, according to a prepared statement from Synoptek CEO Tim Britt.

Sverica started tracking Synoptek in 2013 and first met Britt in early 2014, according to Sverica Managing Director Frank Young. The private equity firm has raised more than $500 million across four funds.

ChannelE2E is checking with Sverica and Synoptek for additional comment about the M&A deal.

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4 Comments

Comments

    Gary Pica:

    Congratulations to Tim and his team. They built an amazing business.

      Joe Panettieri:

      Hey Gary: It sounds like the journey will continue in a healthy way, with more potential M&A on the way for Tim’s business. Of course, finding the right target(s) can always be challenging. We look forward to sharing the update(s) when they surface.
      -jp

        Rick Murphy:

        Congratulations Tim! When you are ready, we can help you find the right targets.

          Joe Panettieri:

          Rick: Thanks for your readership. Be sure to keep me looped in as you advise on M&A deals.

          Readers: Rick represents Cogent Growth Partners, a well-known mergers and acquisition advisory company for IT services providers and MSPs.
          -jp

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