NuMSP has acquired Salient IT, a managed services provider (MSP) supporting SMB customers in Sacramento, California. This is NuMSP's seventh acquisition. Financial terms were not disclosed.
Salient IT was founded in 2012 by David and Roman Hanjiev. The company, like many MSPs, offers help desk, data backup, email security, cloud and VoIP services.
Referring to the latest deal, NuMSP CEO Jim Griffith said:
"We are excited to bring Salient to NuMSP's national platform. This acquisition adds significant experience and talent to our organization under the leadership of David and Roman , along with a high-quality customer base that will continue to receive the best level of service."
Added David Hanjiev:
"Salient began serving the Sacramento market in 2012 and has rapidly grown to become the MSP of choice to a range of growing businesses. This is a key inflection point for us to take Salient IT to the next level of customer care."
Concluded Roman Hanjiev:
"Recognizing the unique growth opportunity that NuMSP presents, we'll be able to take our partnership with our customers to a degree of care that no one else is able to deliver.
NuMSP, like several other investment and IT firms, is striving to build a nationwide MSP. Earlier NuMSP acquisitions include Ultimate Technical Solutions Inc (UTSI) of New Orleans, Louisiana and Network Medics of Minneapolis-St. Paul, Minnesota, among others.
We're in touch with NuMSP and pursuing perspectives on how the company is funding acquisitions, and how it plans to build and scale the acquired MSP assets.
MSP Acquisitions: Nationwide And Regional Platforms Emerge
Private equity firms and investors are acquiring multiple MSPs nationwide. Some of the deals involve "platform" MSPs -- companies that are large enough to consume smaller MSPs. Other deals involve "tuck-in" MSPs, which are small enough to be absorbed by the larger platform MSPs.
Key private equity firms in and around the MSP industry include:
- Abry Partners, owner of NexusTek;
- Alpine Investors, owner of Evergreen Services Group;
- Madison Dearborn Partners, owner of Remote DBA Experts; and
- M/C Partners, owner of Thrive Networks.
Despite the hype, the private equity feeding frenzy has raised some concerns in the market — with some pundits wondering what happens if/when the industry music stops. Track all private equity news here on ChannelE2E.
