Mergers and Acquisitions, Mergers and Acquisitions, MSP, Content, Private equity

MSP Acquired: Thrive Buys EaseTech

Thrive has acquired managed IT services provider EaseTech of Columbia, Maryland. Financial terms of the MSP buyout were not disclosed.

Thrive, backed by private equity firm M/C Partners, provides cybersecurity, hybrid cloud, global network management, disaster recovery, and compliance-driven NextGen services. The company, based in Foxborough, Massachusetts gains a Mid-Atlantic foothold with the EastTech acquisition, Thrive said.

Thrive CEO Rob Stephenson
Thrive CEO Rob Stephenson

Rob Stephenson, Thrive CEO, commented:

"Partnering with EaseTech is a highly attractive proposition for Thrive as they're one of the most widely respected technology firms in the Mid-Atlantic region. EaseTech's 'customer-first' philosophy is a perfect match for our core values. The EaseTech clients will benefit greatly from Thrive's vast engineering expertise and our NextGen platform of advanced cybersecurity, hybrid Cloud and compliance-driven services."

Thrive has completed six MSP acquisitions while under private equity ownership. The other acquisitions involved:

EaseTech’s Owner Transition

EaseTech was founded in 1993 by Charles Bubeck and now has more than 40 employees. The firm provides cloud-focused managed services to businesses in the Maryland, Virginia and the Washington DC area.

Charles J. Bubeck, former EaseTech CEO, commented on the sale of his company:

"We're very excited about the possibilities this transaction creates for our customers and employees. The partnership of EaseTech and Thrive was a natural fit. Both companies share the same fundamental operating principles by focusing upon quality customer service delivered by our expert engineering teams. Our professional services and education clients will quickly be able to advance their technology roadmaps with Thrive's advanced capability-set."

Bubeck will now serve as a consultant, the company announced. Also, EaseTech President Jason Shirdon transitions to EVP of GM at Thrive, leading the Maryland office.