Ntiva Acquires Lore Systems’ Commercial Business
IT service company Ntiva, backed by middle market private equity firm Southfield Capital, purchased a commercial division of Lore Systems.
GREENWICH, Conn., Dec. 13, 2018 /PRNewswire/ — Southfield Capital, a premier lower middle market private equity firm, announced today that Ntiva (the “Company”), a full-service provider of managed IT services for small and medium-sized businesses, has completed the acquisition of the commercial managed services and hosting division of Lore Systems, Inc., a technology services firm specializing in high-level strategic IT consulting. The acquisition further strengthens Ntiva’s leadership in the Washington DC metro area and increases Ntiva’s client base to over 500 organizations.
“We are honored to integrate the Lore clients into our growing portfolio of commercial and non-profit clients,” said Steven Freidkin, CEO of Ntiva. “We’re looking forward to helping them grow their business with the right technology strategy, keeping up with emerging tech trends while ensuring their systems are stable and secure.”
“Partnering with Ntiva was an easy decision,” said Tien Wong, Chairman of Lore Systems, Inc. “As we move our focus to growing our strategic consulting business, we wanted to ensure that our commercial clients would be in great hands with Ntiva who, like us, take a strategic, client-centric approach to their service business.”
Southfield Capital acquired Ntiva in 2016 in partnership with Company ownership. The acquisition solidifies Ntiva’s commitment to execute on its acquisition growth strategy.
About Ntiva
Headquartered in McLean, Virginia, Ntiva provides a full suite of outsourced IT services, including onsite support, remote monitoring, cloud services, backup & disaster recovery, and strategic consulting. The Company enables its customers to outsource their IT infrastructure, allowing them to improve their performance, reduce costs and enhance security.
About Southfield Capital
Southfield Capital is a private equity firm that invests in high-growth, lower middle market companies in the outsourced business services sector. The firm targets companies with $4 – 12 million in EBITDA and partners with management to scale the business through a combination of organic and acquisition growth strategies.
For more information, please visit www.southfieldcapital.com.
