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Harris Williams Advises Ntiva on its Sale to PSP Partners
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Rhea-AI Summary
Harris Williams announced its advisory role in the sale of Ntiva, a top managed IT services provider and portfolio company of Southfield Capital, to PSP Partners. This deal positions Ntiva for accelerated growth and technology investments. It highlights the increasing demand for outsourced IT services as businesses face complex technology and cybersecurity challenges. Southfield Capital seeks growth in the lower-middle market, while PSP Partners is known for building significant businesses in the investment sector.
Positive
Ntiva's acquisition by PSP Partners enables potential for accelerated technology investments.
Growing demand for outsourced managed IT services presents a favorable market opportunity.
Negative
None.
RICHMOND, Va.--(BUSINESS WIRE)--
Harris Williams, a global investment bank specializing in M&A advisory services, announces it advised Ntiva, a portfolio company of Southfield Capital, on its sale to PSP Partners (PSP). Ntiva is a leading provider of managed IT services, strategic consulting, cybersecurity services, cloud services and telecom solutions. The transaction was led by the Harris Williams Business Services Group and Technology Group, including Derek Lewis, Anthony Basmajian, Priyanka Naithani, Jenson Dunnand Phil Ashkenaz.
“Ntiva has established itself as an industry leading provider of managed IT services offering a broad range of critical cyber, cloud and IT consulting solutions,” said Anthony Basmajian, a managing director at Harris Williams. “As the industry continues to evolve, small- and medium-sized businesses lacking the required internal resources and expertise are turning to professional outsourced managed IT providers to help navigate today’s technology complexities and increased cybersecurity threats. Ntiva, with its broad suite of IT services, is well positioned to help customers address those challenges.”
“The company thrived in partnership with Southfield Capital, and we are excited to watch Ntiva’s next chapter unfold with PSP,” said Derek Lewis, a managing director at Harris Williams. “PSP’s strategic investment will enable Ntiva to further accelerate its technology investments, expand into new verticals and further execute its robust M&A strategy.”
Ntiva is a leading IT services company that provides businesses across the U.S. with advanced technology expertise and support, including managed IT services, strategic consulting, cybersecurity services, cloud services, and telecom solutions. Ntiva’s ultimate objective is to help clients leverage their technology investments to improve business performance.
Southfield Capital is a private equity firm that invests in high-growth, lower-middle market companies in the outsourced business services sector. The firm targets companies with $4 million to $12 million in EBITDA and partners with management to scale the business through a combination of organic and acquisition growth strategies.
PSP Partners is a Chicago-based private investment firm founded by its Chairman Penny Pritzker, an entrepreneur, civic leader, philanthropist, and former U.S. Secretary of Commerce. The firm is comprised of a highly experienced team of investment professionals and business builders focused on partnering with entrepreneurs, business owners, and management teams to build market-leading businesses and develop valuable assets.
Harris Williams, an investment bank specializing in M&A advisory services, advocates for sellers and buyers of companies worldwide through critical milestones and provides thoughtful advice during the lives of their businesses. By collaborating as one firm across Industry Groups and geographies, the firm helps its clients achieve outcomes that support their objectives and strategically create value. Harris Williams is committed to execution excellence and to building enduring, valued relationships that are based on mutual trust. Harris Williams is a subsidiary of the PNC Financial Services Group, Inc. (NYSE: PNC).
The Harris Williams Business Services Group has experience advising companies that provide a range of commercial, industrial and professional services. For more information on the firm’s Business Services Group and other recent transactions, visit the Business Services Group’s section of the Harris Williams website.
The Harris Williams Technology Group advises leading private and public companies, founders, and private equity, growth equity, and venture capital firms on mergers and acquisitions and capital-raising transactions worldwide. The Technology Group has deep domain expertise in software and technology-enabled services and dedicated focus areas across a variety of vertical software applications and end markets. For more information on the Technology Group and its recent transactions, visit the Technology Group’s section of the Harris Williams website.
Harris Williams LLC is a registered broker-dealer and member of FINRA and SIPC. Harris Williams & Co. Ltd is a private limited company incorporated under English law with its registered office at 8th Floor, 20 Farringdon Street, London EC4A 4AB, UK, registered with the Registrar of Companies for England and Wales (registration number 07078852). Harris Williams & Co. Ltd is authorized and regulated by the Financial Conduct Authority. Harris Williams & Co.Corporate Finance Advisors GmbH is registered in the commercial register of the local court of Frankfurt am Main, Germany, under HRB 107540. The registered address is Bockenheimer Landstrasse 33-35, 60325 Frankfurt am Main, Germany (email address: hwgermany@harriswilliams.com). Geschäftsführer/Directors: Jeffery H. Perkins, Paul Poggi. (VAT No. DE321666994). Harris Williams is a trade name under which Harris Williams LLC, Harris Williams & Co. Ltd and Harris Williams & Co.Corporate Finance Advisors GmbH conduct business.
