Californian private equity firm ClearLight Partners has made an investment into it managed services provider ICS.
The value of the deal was not disclosed, but it was made in partnership with ICS owner Kevin Blake.
Founded in 1986, ICS offers a variety of including IT managed services, cybersecurity, cloud migration & other project-based services, and hardware and software reselling.
ICS CEO Kevin Blake said, “ClearLight had a well-articulated thesis for the MSP industry, and it was clear very early on that ICS and ClearLight were a great match.
“I’m confident that, together, we’ll build the leading Northeastern MSP whose brand is synonymous with keeping our clients ahead of technological change and cybersecurity so that they can compete more effectively within their respective industries.”
The private equity firm invests into private middle-market companies. Since it was founded, It has raised $900m through three funds from a single limited partner.
ClearLight Partners acquired a majority stake in Moore Landscape back in 2017 for an undisclosed amount. The company provides landscape installation, maintenance, snow, and interior services in and around the Chicago area.
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