Omega Systems Forms Strategic Alliance with Revelstoke Capital
Omega Systems, well-known for its excellence in managed IT and security services, has made a significant leap by partnering with Revelstoke Capital Partners. This collaboration aims to accelerate Omega's growth trajectory and expand its service offerings to address the increasing demands within the IT landscape.
Enhancing IT Solutions and Market Reach
With this new strategic investment from Revelstoke, Omega plans to broaden its geographic footprint and bolster its security and compliance portfolio. This is particularly vital as the company aims to cater more effectively to regulated industries such as financial services and healthcare. Omega Systems has already established itself as a respected player, being recognized as a two-time CRN Triple Crown Award winner and ranked as the #25 fastest growing IT service provider across North America.
Building on Previous Successes
This new partnership follows a successful four-year collaboration between Omega and Pfingsten Partners, a Chicago-based private equity firm. During this period, Omega not only improved its service capabilities but also successfully executed four acquisitions that have contributed to its elevated status in the Northeast as a premier managed service provider (MSP) and managed security service provider (MSSP).
Executive Insights on Future Growth
Mike Fuhrman, CEO of Omega Systems, expressed enthusiasm about the partnership, stating, "This partnership with Revelstoke positions Omega Systems for an exciting new phase of growth. Our customers operate in increasingly regulated sectors that require advanced cybersecurity solutions, multi-faceted connectivity, and trusted IT advisory services. With Revelstoke’s expertise, we look forward to enhancing these capabilities further, ensuring our clients continue to receive top-notch service from our award-winning team."
Revelstoke’s Commitment to IT Services
Revelstoke, based in Denver, has a history of partnering with dynamic companies to foster sustainable growth, particularly in healthcare and now the IT services sector. This collaboration signifies Revelstoke's confidence in Omega’s growth potential and the company's ability to navigate the complexities of the IT landscape.
Driving Innovation and Meeting Challenges
Andrew Welch, a partner at Revelstoke, highlighted their strategic focus, saying, "We have been targeting the IT MSP/MSSP sector and were drawn to Omega's unique capabilities and strong client retention, which support its recurring revenue growth. We are eager to partner with Omega at a time when various industries face significant IT and cybersecurity challenges."
Professional Advisors in the Transaction
The transaction has seen involvement from several advisory firms to ensure a smooth process. Harris Williams acted as the financial advisor for Omega Systems, while Paul Hastings provided legal counsel. On the other side, Revelstoke sought advice from Q Advisors, a leading global investment bank, and McGuireWoods LLP for legal matters.
About Omega Systems
As a multi-award-winning MSP and MSSP, Omega Systems is committed to providing top-tier security and compliance expertise that businesses require today. Their comprehensive range of managed IT solutions includes 24/7 support, cybersecurity risk management, managed detection and response (MDR), and backup and disaster recovery, among others. Omega serves a diverse array of clients in various critical sectors including financial services and healthcare.
About Revelstoke Capital Partners
Revelstoke is a prominent private equity firm focused on building industry-leading companies, particularly in healthcare and technology. Their strategy revolves around partnering with management teams to pursue disciplined growth through organic methods and acquisitions. Founded in 2013, Revelstoke has executed numerous acquisitions, demonstrating its dedication to fostering exceptional companies in evolving markets.
Frequently Asked Questions
What is the primary goal of the partnership between Omega Systems and Revelstoke Capital?
The partnership aims to accelerate Omega's growth, broaden its service offerings, and expand its presence in regulated industries such as financial services and healthcare.
How has Omega Systems demonstrated growth before this partnership?
Prior to teaming up with Revelstoke, Omega experienced significant growth under its partnership with Pfingsten Partners, completing four acquisitions and enhancing its service capabilities.
What types of services does Omega Systems provide?
Omega specializes in managed IT solutions, offering services including managed support, cybersecurity, compliance management, and disaster recovery.
How does Revelstoke plan to contribute to Omega's growth?
Revelstoke intends to leverage its expertise and resources to support Omega in navigating the IT landscape, particularly focusing on meeting the security and compliance needs of regulated sectors.
Who were the advisors for Omega Systems during this transaction?
Harris Williams acted as the financial advisor, and Paul Hastings served as legal counsel for Omega Systems during the investment transaction with Revelstoke.
