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New Deal


Announced

Completed

CIVC Partners completed the acquisition of Highstreet IT Solutions from Transition Capital Partners.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Majority

it services

Domestic

Private

Single Bidder

United States

IT Services: Other

digital transformation

Private Equity

Friendly

Completed

Acquisition

Synopsis

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CIVC Partners, a private equity firm investing in middle-market companies in the business services sector, completed the acquisition of Highstreet IT Solutions, an IT services company that provides digital transformation services to state and local governments as well as the education market, from Transition Capital Partners, a private equity firm. Financial terms were not disclosed. “Highstreet is a rapidly growing implementation and managed services provider with an exceptional track record of exceeding client expectations driven by deep technical expertise and end user focus. We are excited to partner with Nick and Ben to support the Company in accelerating organic growth and pursuing strategic acquisitions,” Marc McManus, Partner at CIVC.

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