Edafio Technology Partners Announces Strategic Investment from M|C Partners

Share

Share on facebook
Share on twitter
Share on linkedin
Share on email

January 4, 2022

LITTLE ROCK, Arkansas

Edafio Technology Partners, Arkansas’ largest IT Managed Services Provider, has closed on a strategic investment from M|C Partners, a Boston-based private equity firm focused on businesses in the digital infrastructure and technology services sectors. The investment partnership will enable additional growth opportunities for Edafio, including enhanced service capabilities and regional expansion. 

“We are extremely excited to welcome M|C Partners as an investor in our business,” said Kenny Kinley, Edafio’s President & CEO. “This partnership will speed the expansion of Edafio’s services as well as enable our continued growth across the region.” 

Edafio, founded in 1999 as an outgrowth of the previous JPMS-Cox accounting firm, provides IT services including managed services, public and private cloud solutions, and cybersecurity services to mid-market and SMB customers. The Company primarily operates across Arkansas with offices in Little Rock, Conway and Rogers with expanding customer presence in Tennessee and Oklahoma. Edafio’s founding group of owners have been involved in the business since its inception and the Company has benefited from their leadership. “These are successful business partners who were able to grow both an accounting firm as well as a technology company,” said Kinley. “Edafio has enjoyed 22 years of success with a great group of owners, and we look forward to the next chapter of growth in partnership with M|C.” 

Abhishek Rampuria, Partner at M|C Partners, said, “Edafio has established an impressive track record of providing high-quality services to a broad range of customers across the region in addition to vertical-specific expertise in industries such as healthcare that have increasingly complex and evolving IT needs. We look forward to partnering with the talented team at Edafio to accelerate their efforts and continued success in building a leading regional MSP through both organic growth initiatives and strategic acquisitions.”

“The MSP market opportunity remains a key focus area for M/C and this investment in Edafio is consistent with our strategy of partnering with strong businesses and teams that have a relentless focus on customer success,” added Gillis Cashman, Managing Partner at M|C Partners.

Citizens M&A Advisory acted as financial advisor and Mitchell, Williams, Selig, Gates & Woodyard, PLLC served as legal counsel to the Company. Choate, Hall & Stewart LLP served as legal counsel for M/C Partners.

About Edafio Technology Partners

With offices in Central and Northwest Arkansas, Edafio Technology Partners is a leading provider of technology and consulting services to businesses across multiple industries.  Since 1999, Edafio has helped clients build and protect their businesses through information technology, cloud services, and cybersecurity.   Edafio’s success begins with its core values: a commitment to client success, unquestionable integrity, and operating as one team with humility and respect. For more information, visit https://edafio.com.

About M|C Partners

M|C Partners is a private equity firm focused on small and mid-size businesses in the digital infrastructure and technology services sectors. For more than three decades M|C Partners has invested $2.4 billion of capital in over 140 companies, leveraging its deep industry expertise to understand long-term secular trends and identify growth opportunities. The firm is currently investing its eighth fund, partnering with promising companies and leadership teams to support, scale, and improve operations and maximize value. For more information, visit https://mcpartners.com.

ORIGINAL SOURCE: https://www.prnewswire.com/news-releases/edafio-technology-partners-announces-strategic-investment-from-mc-partners-301453199.html

Cuba Burch Berner

Cuba Burch Berner is an Associate at M|C Partners, where he focuses on investment opportunities in digital infrastructure and technology services. Prior to joining the firm in 2022, Cuba was an Equity Research Associate at Citi covering infrastructure companies within the telecommunications industry, including data centers and wireless towers. He holds a B.S. in Mathematics with a specialization in Economics from the University of Chicago. Cuba currently lives in Boston’s West End and enjoys  a myriad of outdoor activities including running, swimming, hiking, and skiing.

Joined

2022

AFFILIATED PORTFOLIO

Contact

BOARD POSITIONS

AccentHealth

AccentHealth operates an out-of-home advertising network that reaches over 12,000 physician office waiting areas in the U.S. – JOHN WATKINS

TEAM MEMBERS

SECTOR

IT SERVICES

James F. Wade

Jim Wade co-founded M/C Partners in 1986 with Dave Croll. He has been investing in communications and technology services since the advent of wireless and broadband, cornerstones of the firm’s sector focus. As a founding managing partner, he manages the firm’s investment process, and continuously seeks out management teams, company prospects and financial resources to grow the portfolio. Jim’s successful track record includes MetroPCS (IPO), Lightower Holdings (acquired by Berkshire Partners), Triad Communications (acquired by T-Mobile), Brooks Fiber Properties (IPO and sale to AT&T Wireless), Cavalier Telephone (acquired by PAETEC), NuVox Communications (acquired by WindStream), Attenda (acquired by Darwin Private Equity), Melita (acquired by Apax Partners), PR Wireless (joint venture with Sprint affiliate in Puerto Rico), Thrive Networks (acquired/recapitalized by Court Square) and Involta (acquired by Carlyle Group). Today he serves as a director on the Board of Connectivity Wireless and has responsibility for Omega Wireless. Jim graduated from the University of Notre Dame a B.B.A in Finance and received an MBA from Harvard Business School. He lives outside Boston with his wife and four children. Jim was an avid boater and is now an average golfer.

JOINED

1986

Contact

BOARD POSITIONS
Connectivity Wireless

 

Connectivity
Wireless
Involta

Abhishek Rampuria

Abhishek (A.B.) is a Partner at M/C Partners, where he leads origination, deal diligence and portfolio company support for investments in a variety of communications and technology services segments. He currently serves on the Board of Ascend Technologies, Connectivity Wireless, Edafio Technology Partners, TowerCom and serves as a Board Observer for Thrive Networks. A.B. previously served as a Board Observer for Ensono (acquired by KKR) and QOS Networks (acquired by Zayo). Prior to joining M/C Partners in 2015, A.B. worked at Altman Solon (formerly Altman Vilandrie), a technology, media & telecommunications focused strategy consulting firm, where he completed projects for both operating companies and private equity investors. A.B. received a B.S. in Materials Science & Engineering from the Massachusetts Institute of Technology. He lives in Boston’s South End and outside of work, enjoys skiing, cycling, traveling and cheering on his home-town Patriots and Celtics.

Joined

2015

AFFILIATED PORTFOLIO

Thrive Networks

Contact

BOARD POSITIONS

Ascend Technologies
Connectivity Wireless
Edafio Technology Partners
TowerCom