Tower Arch Capital Buys Intelligent Technical Solutions

Private equity firm Tower Arch Capital acquired MSP Intelligent Technical Solutions (ITS), which provides managed IT, cloud, cybersecurity, VoIP phone and fiber internet services to SMBs throughout the United States. Tower Arch didn’t say how much it’s paying for ITS; however, the investment completes a recapitalization with ITS’ founding management team.

This is the first MSP acquisition for Utah-based Tower Arch, whose portfolio includes everything from industrial services to consumer services. The deal will not be its last foray into the MSP market, the company said.

“We’ve had other kinds of IT services-related investments, but this is our first pure-play MSP investment. Our goal would be to expand our footprint in the MSP space through ITS. We want to put more capital work here by investing more money into ITS for them to go and buy other companies and build their service offerings. But, yes, the goal is to expand to other MSPs.”