Nexus IT Secures $60M Investment to Accelerate Founder-Led, Values-Driven MSP/MSSP Expansion

New investment from Metropolitan Partners Group positions Nexus IT to lead a values-aligned M&A model reshaping the managed services landscape.

SALT LAKE CITY, June 10, 2025 /PRNewswire/ -- Nexus IT, a nationally recognized Managed Services and Cybersecurity provider, in partnership with Diatonic Healthcare, today announced a $60 million capital commitment from Metropolitan Partners Group. The investment will accelerate Nexus IT's nationwide growth strategy, fueling its acquisition of culturally aligned managed service providers (MSPs) that share its vision of exceptional client service and operational excellence— specifically in highly regulated industries such as healthcare, finance, and legal.

This capital commitment marks a pivotal milestone in Nexus IT's journey to build a next-generation M&A platform—one that stands apart from conventional investor rollups. Rather than pursuing scale at all costs, Nexus IT is expanding through a founder-led, mission-aligned approach focused on long-term value creation, cultural fit, and client-centric innovation.

"The capital from Metropolitan Partners Group enables us to grow with intention — not just faster, but better," said Earl Foote, Founder and CEO of Nexus IT. "We're not chasing volume. We're building a platform rooted in shared values, leadership continuity, and a belief in our Mission that the IT experience should be as exceptional as the technology itself."

Metropolitan Partners Group brings not only capital but deep operational expertise. The firm's commitment to strategic alignment and values-based growth makes it a natural partner as Nexus IT scales its M&A efforts while preserving the leadership integrity and cultural DNA of the companies it acquires.

Richard Lin, Managing Director at Metropolitan Partners Group remarked: "We are excited to partner with Earl and his team at Nexus to grow a market leading MSP. Nexus has created a scalable platform for multiple acquisitions, and we are impressed with the company's focus on purposeful growth and track record of success. It is exactly the type of founder owned and operated business that Metropolitan seeks to fund."

"Together, we're creating a new model for sustainable growth in the IT services industry—one where people, performance, and purpose drive every decision," said Foote.

Nexus IT will use the investment to continue acquiring and integrating MSPs that exemplify strong client & employee relationships, industry expertise, and a commitment to service excellence. With several deals already in the pipeline, the company anticipates a significant expansion of its U.S. footprint over the next three years.

About Nexus IT
Nexus IT is a national Managed Services and Cybersecurity provider delivering world-class IT support, strategy, and security solutions to clients in regulated and compliance-driven industries. Founded in 1998, Nexus IT is recognized for its exceptional service, people-first culture, and commitment to delivering secure and resilient technology environments for its clients.

About Metropolitan Partners Group
Founded in 2008, Metropolitan Partners Group is a private investment firm that provides growth capital to non-sponsored businesses in the domestic lower middle market space, unconstrained by industry or asset class. The firm works directly with business owners and management teams to grow their balance sheets and build lasting value while aiming to provide downside protection to its investors. Metropolitan has deployed more than $3.1 billion and completed more than 160 transactions with companies across multiple business sectors. Visit www.metpg.com for more information.

About Diatonic Healthcare
Diatonic Healthcare, LLC ("Diatonic") is a Miami-based business builder focused on healthcare technology and tech-enabled services. Diatonic invests capital and time in a founder-friendly approach along with deeply thematic M&A and operational support. Since inception, Diatonic has carved out a niche in healthcare and regulated IT & Cyber. Visit www.diatonichealthcare.com.

MEDIA CONTACT: Taher Hamid - 863-812-4155 - [email protected]

SOURCE Diatonic Healthcare; Nexus IT