|By PR Newswire||
|November 30, 2016 10:00 AM EST|
GREENWICH, Conn., Nov. 30, 2016 /PRNewswire/ -- Southfield Capital, a leading lower middle market private equity firm, announced today its partnership with Ntiva Inc., a full-service provider of managed IT services for small and medium-sized businesses. Ntiva's founder and CEO, Steven Freidkin, along with the Ntiva management team will be continuing in their current roles.
Headquartered in McLean, Virginia, Ntiva provides a full suite of outsourced IT services, including onsite support, remote monitoring, cloud services, backup and 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.
Ntiva CEO, Steven Freidkin, commented, "Ntiva today is recognized as one of the fastest growing MSPs in the nation mostly due to our continued focus on customer satisfaction and success. As the industry grows, we want to remain one of the top players and we believe this requires a continued commitment to growing people. In order to achieve our goal, we needed to partner with a firm that can assist us with appropriately scaling our organization and executing complementary acquisition opportunities. The partner also needed to share our organizational values and focus on growing people. After an exhaustive search, we are excited to partner with Southfield Capital, a firm that has experience in guiding companies like Ntiva through the next phase of growth and shares our people first approach."
Southfield Partner, Heb James, commented, "The managed IT services industry should benefit from the continued transition of small and medium-sized businesses to outsourced IT management and cloud-based services and from the growing focus on improving data security. Significant opportunity exists for a mid-market focused MSP that understands the sector specific needs of its clients and has the infrastructure to deliver. Ntiva is an exemplary outsourced IT provider with its talented team, deep sector and functional expertise and vast referral network of satisfied clients. Steven, the founder, has clearly built a very impressive business and we are excited to have the opportunity to work with such a successful entrepreneur to continue to expand the company's footprint."
Crestline Investors provided debt financing. Finn Dixon & Herling provided legal counsel to Southfield Capital.
About Southfield Capital
Southfield Capital is a private equity firm that invests in high-growth, lower middle market companies in the outsourced business services and specialty finance sectors. 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.
Andy Levison, Managing Partner
Andy Cook, Partner
Heb James, Partner
Tim Lewis, Partner
Brandon Pinderhughes, Vice President
Marko Nikolic, Vice President
Jon Goldstein, Chief Financial Officer
Kathie Greco, Office Manager
Alexandra Schechtman, Admin. Assistant
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/southfield-capital-partners-with-ntiva-300369959.html
SOURCE Southfield Capital
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