Entech Gets Private Equity Funding to Hasten Expansion Efforts
Entech completed a recapitalization partnership with Prospect Partners. The goal of this funding is to accelerate Entech’s growth and expansion efforts, priming them for a focused acquisition strategy.
In its 25th year in business, Entech, a 2022 MSP 501 winner, aims to build the most recognizable managed IT service-focused organization in Florida. How does a company do this? Entech realized early on that it needed to attract and acquire like-minded IT companies focused on growth and customers. The company has kept to that.
“We always knew that identifying the right capital partner with a willingness to allow Entech the autonomy to continue running the business in the same manner we are known for, would be imperative,” said Entech CEO Jake Spanberger. “We found that in Prospect Partners who has a long history of supporting growing, entrepreneurial services businesses like ours. Their experience in scaling midmarket service organizations, coupled with strong financial relationships and a true commitment to partnership, provides nearly unlimited ability for us to meet or exceed our goals, and do it in less time initially anticipated.”