Edafio Technology Partners of North Little Rock on Monday announced that it had closed on a strategic investment from the private equity firm M/C Partners of Boston.
Edafio said in a news release that the partnership will enable additional growth opportunities, including enhanced service capabilities and regional expansion.
Financial details of the arrangement were not provided in the release.
M/C Partners is focused on small and mid-size businesses in the digital infrastructure and technology services sectors. Over three decades, it has invested $2.4 billion of capital in over 140 companies including Metro PCS, Zayo Bandwidth of Boulder, Colorado, and Ascend Technologies of Chicago.
“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,” said Abhishek Rampuria, one of the firm’s partners.
Edafio was founded in 1999 as an outgrowth of the previous JPMS-Cox accounting firm. It provides IT services including managed services, public and private cloud solutions, and cybersecurity services to mid-market and SMB customers.
Edafio in 2014 merged with Coleman Technologies, an IT services company for medical clinics, to become the largest IT managed services provider in Arkansas.
Arkansas Business will update this story.