SNH Capital Partners Completes Strategic Investment in Five Nines
AUSTIN, Texas, December 1, 2022 (Newswire.com) - SNH Capital Partners ("SNH") announces a strategic investment in Five Nines, a market-leading managed information technology (IT) service provider supporting clients throughout the Midwest.
"We are thrilled to partner with SNH and their incredible and diverse team of business experts. This gives us access to resources and expertise much sooner than we could have achieved on our own," said James Bowen, founder of Five Nines. "The timing couldn't be better as the Managed Services industry is rapidly maturing. Businesses are requiring more answers to everyday tech-driven operational needs and more solutions for dealing with the ever-changing security and compliance landscape," said Joel Friesen, CEO of Five Nines. "Together, we will scale Five Nines into the Managed IT Services provider of tomorrow in order to better serve our clients in the future."
Since being founded in 2006, Five Nines quickly became one of the largest and fastest-growing Managed IT Service providers in the Midwest. Five Nines provides end-to-end solutions for its clients' current and future information technology needs. "Tech Operations," as Five Nines refers to it, includes people support, infrastructure management, cyber security, compliance, and strategic planning. This new partnership will further enable Five Nines' ability to scale to meet the demand and future needs of businesses in the greater Midwest regions. The landscape of technology driving the operations of business is changing rapidly and Five Nines is positioned to stay at the forefront.
"Five Nines' white glove service and its highly scalable and secure platform create a differentiated end-to-end solution that is crucial for its clients' daily operations," said Jevin Sackett, CEO at SNH. "We look forward to working with the management team, supporting the rapid adoption of new products, and accelerating the company's growth within existing and new end markets."
"SNH remains active in evaluating and partnering with industry-leading managed IT and security service providers, and we are excited for the Five Nines team to join the portfolio. We believe Five Nines represents a differentiated platform serving customers in highly regulated industries like healthcare, where its specialization and deep domain industry knowledge will continue to help the company expand its client base," Aditya Dabas, a Principal at SNH, added.
About SNH Capital Partners
SNH Capital Partners is a U.S.-based, private investment firm focused on investing in the middle market. SNH's long-dated hold strategy allows the firm to support leadership teams over time, develop active strategic presence in each of its key industries, and grow platforms across target sectors. By generating annual earnings growth through operational excellence and optimal capital redeployment, SNH's portfolio companies continue to scale, both organically and strategically, supported by top-tier performance of SNH as benchmarked against private equity returns. For more information, please visit www.snhcapitalpartners.com.
Source: SNH Capital Partners