Private equity firm M/C Partners has acquired Edafio Technology Partners, an MSP that also offers private cloud, Microsoft 365 and cybersecurity services. Financial terms were not disclosed.
This is technology M&A deal number two that ChannelE2E has covered in 2022. See more than 1,000 technology M&A deals & MSP acquisitions listed here.
Edafio, founded in 1999, is an IT management provider and technology consulting firm serving medium to enterprise-sized clients across Arkansas, Tennessee and Oklahoma. The MSP has 116 employees and offices in Central and Northwest Arkansas.
Abhishek Rampuria, a partner at M/C Partners, confirmed that this is a majority investment. Moreover, Edafio and M/C Partners will now pursue tuck-in acquisitions for the MSP, Rampuria told ChannelE2E.
Edafio Technology and Security Partners
Key Edafio technology partners, according to the MSP's website, include:
- Arctic Wolf, a SOC as a Service (SOCaaS) provider
- Cisco Systems
- Fortinet
- Hewlett Packard Enterprise (HPE)
- Ingram Micro
- KnowBe4 for security awareness training
- Microsoft
- Recon Infosec
- Symantec Enterprise, now part of Broadcom
- Veeam
- VMware
In recent years, M/C Partners has also reduced and/or exited its positions in some of those MSPs -- such as Ensono and Thrive.
M/C Partners Invests In Edafio: Executive Perspectives
In a prepared statement about the private equity backing, Edafio CEO Kenny Kinley said:
“We are extremely excited to welcome M/C Partners as an investor in our business. This partnership will speed the expansion of Edafio’s services as well as enable our continued growth across the region.”
Added Abhishek Rampuria, a partner at M/C Partners:
“Edafio has established an impressive track record of providing high-quality services to a broad range of customers across the region in addition to vertical-specific expertise in industries such as healthcare that have increasingly complex and evolving IT needs. We look forward to partnering with the talented team at Edafio to accelerate their efforts and continued success in building a leading regional MSP through both organic growth initiatives and strategic acquisitions.”
