A Jacobs Private Equity-led consortium agreed to invest $1bn in SilverSun Technologies, a national provider of transformational business technology solutions and services. Upon the closing of the equity investment, JPE will become the majority stockholder of SilverSun and Brad Jacobs will become the company's chief executive officer and chairman of its board of directors. The investment agreement also provides for the spin-off of the company's existing business to SilverSun stockholders as of a record date that is expected to be one day prior to the closing of the investment. The remaining company will become a standalone platform for significant acquisitions in an industry to be announced soon, along with the company's new name.