Announced
Completed
Financials
Sources
Tags
Acquisition
United States
cloud consulting
Domestic
Private Equity
managed services
Single Bidder
Minority
Completed
Private
Digital Services
Friendly
Synopsis
424 Capital, a capital partner that invests in lower middle market companies in the tech enabled services space, completed the investment in PTP, a cloud consulting and managed services firm. Financial terms were not disclosed. "We are excited to close this investment with 424 Capital. The power of PTP’s cloud and managed services portfolio combined with the additional business-growth expertise of 424 Capital will enable PTP to provide valuable services and cloud solutions to a greater number of life sciences clients and net-new markets," Ethan Simmons, PTP Managing Partner.
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