M/C Partners, a Boston-based Communications and IT Services focused
private equity firm, announced today that it signed an agreement to
acquire the Managed Services division of West Monroe Partners, a
national business and technology consultancy. The acquisition closed on
Dec. 30, 2019. Wayne Kiphart has been appointed Chief Executive Officer
and will be responsible for driving the company’s growth and long-term
returns for stakeholders.
“I am excited to join the talented team at West Monroe Managed Services
and to lead the company in this next chapter of growth,” said Kiphart.
“Our focus will continue to be on driving the highest satisfaction for
our customers – some of whom have been customers for over 10 years –
through additional investments in service delivery and IT capabilities.
Over the next few months, I will spend considerable time with our
customers to better understand their needs so that we can continue to
deliver services that help them be successful. We also plan to launch a
new brand, including a company name. It’s an exciting time for both
myself and for our employees, who will now have a greater ability to
impact the future of this organization.”
“West Monroe Managed Services represents an exceptional technology
services platform,” said Gillis Cashman, Managing Partner at M/C
Partners. “As a standalone, well-capitalized company with a highly
experienced leadership team and passionate, talented employees, we feel
the business will be in a stronger position to address the existing and
future needs of its customers.”
Abhishek Rampuria, Vice President at M/C Partners, added, “West Monroe
Managed Services has built a differentiated application management
expertise that is highly valued by its customers. We are excited to
begin this partnership and to provide the financial and operational
resources to facilitate future growth and continued success.”
Wayne Kiphart joins West Monroe Managed Services from Gratia, a
cybersecurity-focused MSP. Wayne was previously President of OnX Managed
Services and Vice President of Managed Services at Logicalis. He brings
nearly 20 years of experience across a range of functional areas
including sales, operations, and client services, as well as knowledge
in various vertical industries.
As West Monroe Managed Services’ primary financial investor, M/C
Partners will contribute its extensive experience in the technology and
communications services markets. M/C has been a leading investor in this
sector for more than two decades, having previously invested in Thrive
Networks, Involta, Ensono, Fusepoint, Attenda, Denovo, Carbon60 and
others. Legal counsel for M/C Partners was provided by Choate, Hall &
Stewart LLP.
About West Monroe Managed Services, LLC
West Monroe Managed Services is a Chicago-based IT managed services
provider offering technology solutions to small and medium-sized
businesses across the Midwest. The Managed Services division was started
within West Monroe Partners in 2009 by Mark Nelson in order to provide
help desk support and infrastructure management solutions for West
Monroe’s growing list of clients and their increasingly complex IT
environments. Over the last ten years, the Company has expanded its
service offering to include cybersecurity and managed application
services. West Monroe Managed Services primarily serves small and
mid-size businesses and has 50+ customers across a variety of industries
who are served by a team of ~100 employees. For more information,
visit WMP.com/WMMS.
About M/C Partners
Based in Boston, M/C Partners is a private equity firm focused
exclusively on the communications, information technology services and
media sectors. The firm has invested over $2.2 billion of capital into
over 130 companies, generally investing in companies with enterprise
values of $25 million to $250 million. Related current and prior
investments include Cavalier Telephone, Carbon60, Ensono, Everstream,
Fusepoint, Denovo, ICG Communications, Involta, Lightower, Neutral
Connect Networks, NuVox, Thrive Networks and Zayo Group. The firm has
strong institutional backing from the nation’s leading pension funds and
endowments as well as a long track record of success. For more
information, visit www.mcpartners.com.
View source version on businesswire.com: https://www.businesswire.com/news/home/20200107005142/en/