Integris Partners with OMERS Private Equity for Growth
Integris, a prominent IT Managed Service Provider, has recently announced a strategic partnership with OMERS Private Equity, a leading name in the private equity investment arena. OMERS Private Equity stands out as part of one of the largest defined benefit pension plans in Canada, serving over 620,000 municipal employees. This partnership aims to accelerate Integris's ambitious plans for expansion, which includes making new acquisitions, enhancing organic growth, and focusing on continuous investment in its workforce.
Fueling Expansion through New Opportunities
Integris, founded in 2021, has quickly gained recognition as one of the fastest-growing IT Managed Service Providers across the nation. With the support from OMERS, the company aims to expand its market footprint by offering tailored, industry-specific IT strategies and solutions. This partnership will further empower Integris’s initiatives to invest back into its most valuable resource—its employees.
Leadership Commitment to Growth
Glenn Mathis, President & Chief Operating Officer of Integris, expressed enthusiasm about this partnership. He stated, "I am honored to announce this partnership and look forward to seeing how we grow together. Integris has remained focused on growth that benefits our people and our clients. When it comes to ensuring future growth, OMERS was the clear choice. Their approach and values match ours and we are particularly impressed by their commitment and care for the people at the companies they are invested in."
Previous Partnerships and Future Goals
This new collaboration comes after a successful four-year partnership with Chicago-based Frontenac, another private equity firm. During their time together, Integris experienced remarkable growth, facilitated by a successful merger and acquisitions that enhanced the workforce and capabilities of the organization.
Continuing on the Path of Success
Rashaad Bajwa, Founder and CEO of Integris, shared his thoughts on the transition, stating, “As we embark on our next chapter, having the right partner is key to our continued success. With OMERS' proven track record of scaling its portfolio companies, we are confident in our ability to drive continued growth and success for Integris.”
Investing in the Future of IT Services
OMERS Private Equity sees this investment as a significant opportunity to enter the IT Managed Service Provider market, enhancing their business services portfolio. According to Eric Haley, Senior Managing Director and Head of Buyout at OMERS Private Equity, "Integris is a world-class platform that excels in delivering expert outsourced IT services and customer support in an industry with significant growth potential. This investment is not just strategic for today; it's a long-term commitment to transforming the services provided in the IT space."
Geoffrey Bird, Managing Director and Head of Business Services of OMERS Private Equity, echoed this sentiment, stating, "We are excited to welcome Integris to our portfolio to continue building on what is already an impressive culture, platform, and strategy. Equally critical is that Integris' proven leadership team will remain at the helm, ensuring seamless continuity and the continued delivery of outstanding customer service."
The deal is anticipated to close officially in December 2024, with financial terms remaining undisclosed. DLA Piper provided legal counsel while Baird acted as a financial advisor for Integris during this transaction.
About Integris
Integris is dedicated to empowering small and mid-sized businesses through innovative managed IT solutions. With a robust network of local service offices across the nation and strong partnerships with technology providers, Integris delivers comprehensive management services tailored to meet the unique demands of their clients. Recognized frequently on the list of fastest-growing companies, Integris boasts an impressive team of over 600 professionals dedicated to advancing client success through technology.
About OMERS
OMERS Private Equity is a significant player in the investment landscape, managing funds on behalf of OMERS, one of Canada’s premier defined benefit pension plans. With a diverse portfolio that spans various industries including Healthcare, Business Services, Industrials, and Technology, OMERS stands at the forefront of capitalizing on growth opportunities and fostering industry-leading firms.
Frequently Asked Questions
What prompted Integris's partnership with OMERS Private Equity?
The partnership aims to enhance Integris's expansion goals, focusing on new acquisitions and a commitment to employee investment.
How has Integris performed in the IT Managed Services industry?
Integris is recognized as one of the fastest-growing IT MSPs, experiencing significant growth and success since its founding in 2021.
What will be the main focus for Integris moving forward?
Integris plans to leverage the cooperation with OMERS to enhance its service offerings while continuing to invest in its workforce and clients.
What type of growth can Integris expect with OMERS?
Integris can anticipate expansive growth in both organic and acquisition fronts, benefitting from OMERS' extensive experience in scaling business operations.
Is the financial arrangement of the transaction disclosed?
No, the financial terms of the partnership between Integris and OMERS have not been made public.
