GREENWICH, Conn., Jan. 31, 2019 /PRNewswire/ -- Southfield Capital, a premier lower middle market private equity firm, announced today that Ntiva (the "Company"), a growing IT services company offering managed IT, cloud and cyber-security solutions, completed the acquisition of Network Alliance, Inc. ("NAI"), a managed service provider ("MSP") that provides customized IT solutions to small and medium-sized businesses.
With this acquisition, Ntiva continues to expand and strengthen its client base, broaden its product and service portfolio, and augment its presence in the accounting and finance vertical.
"We are delighted to welcome the Network Alliance team to the Ntiva family," said Steven Freidkin, CEO of Ntiva. "This acquisition brings together two organizations whose values are firmly rooted in a client-first approach and who share a similar culture of innovation and growth. We see enormous opportunity for both our clients and our employees by combining our skills and abilities, including the deep industry expertise in the accounting and finance field that Network Alliance brings to the table."
"Since our launch in 1997, Network Alliance has striven to build our business on award-winning customer service," added Don Britton, CEO of Network Alliance. "Our goal has always been to empower our clients to grow and succeed with our fully managed hosted technology services, taking the burden completely off their shoulders and squarely putting it on ours. This is the right time for us to join forces with Ntiva, to offer an even larger portfolio of solutions that can serve and protect our client base. This deal also gives our employees a way to cross-train and provides solid opportunities for career growth, which was an important part of our decision."
Southfield Capital acquired Ntiva in 2016 in partnership with Ntiva's founder, Steven Freidkin. Southfield Partner, Heb James, commented on the transaction, "Network Alliance represents a great partnership for Ntiva, adding critical tools to our toolkit, expanding our presence in the DC metro area and adding strong leadership and technical talent."
Crestline Investors provided debt financing. Finn, Dixon & Herling provided legal counsel to Ntiva and Southfield Capital.
Headquartered in McLean, Virginia, Ntiva provides a full suite of outsourced IT services, including onsite support, remote monitoring, cloud services, backup & disaster recovery, cyber-security, strategic consulting, and telecom solutions. The Company enables its customers to outsource their IT infrastructure, allowing them to improve their performance, reduce costs and enhance security.
For more information, please visit https://www.ntiva.com.
About Southfield Capital
Southfield Capital is a private equity firm that invests in high-growth, lower middle market companies in the outsourced business services sector. 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
Chris Grambling, Vice President
Josh Sylvan, Associate
Jon Goldstein, Chief Financial Officer
SOURCE Southfield Capital