Presidio, a midmarket IT solutions provider with a Top 100 MSSP business practice, has been acquired by BC Partners for $2.1 billion, ChannelE2E reports.
The MSSP focus is one piece of the overall Presidio business focus -- which includes close digital, cloud and cybersecurity relationships with Cisco Systems, Dell EMC and VMware Cloud on AWS (Amazon Web Services).
BC Partners' buyout of Presidio highlights the private equity industry's growing interest in the MSP and MSSP markets -- which also includes major investments in technology suppliers that sell to and through MSPs.
Presidio itself has been active on the M&A front ahead of this deal. The company in May 2018 acquired Red Sky Solutions, an MSSP that also offers multiple IT consulting services, for approximately $40.8 million in cash and stock.
MSSP Mergers, Acquisitions, Investments and Buyouts
Meanwhile, M&A activity involving MSSPs remains strong -- as this growing list of MSSP mergers and acquisitions shows.
Stay tuned to ChannelE2E for ongoing updates involving Presidio and private equity activity in the IT solutions provider, MSP and CSP markets.
