- Corporate IT Solutions of Norwood, MA;
- Precision IT Group of New York, NY;
- BizCompass of Westbrook, ME,; and
- InfoHedge Technologies of New York, NY.


"We're extremely excited to be partnering with Tier1Net to expand Thrive's Financial Services practice in New England. Their long-term, loyal customers will be well-served by the combination of Thrive's enhanced suite of Cybersecurity, Public, Private & Hybrid Cloud Next Generation Managed Services, along with Tier1Net's Financial Services knowledge and commitment.
"The combination of Thrive and Tier1Net is truly a technology gamechanger for New England Financial Institutions. The expanded product and services capabilities that our clients will gain as a result of this transaction will benefit them all. It's a pleasure to be joining this first-class organization that has become one of the leading MSPs in the Northeast."
MSP Mergers, Acquisitions and Private Equity
Vertical market MSPs can also fetch higher valuations -- and they've been attracting plenty of buyout activity along with private equity investments. Example deals include:- Abacus Group, backed by WestView Capital Partners, acquired Proactive Technologies in February 2019. Proactive is an MSP focused on hedge fund firms.
- H.I.G. Capital invested in Eze Castle in June 2018. At the time, Eze Castle claimed to have more than 650 alternative investment and financial sector customers around the world.
- Periscope Equity, a private equity firm in Chicago, has confirmed plans to start acquiring MSPs.
- Great Hill Partners, a private equity firm, has just raised $2.5 billion for its latest fund. Great Hill Partners already owns Mission (a Top 100 Public Cloud MSP) and Evolve IP, a CSP that has done multiple MSP and CSP tuck-in deals.