Edafio Technology Partners Seeks Next Stage Of Growth With Private Equity Investment

Based in Arkansas Edafio technology partners, the state’s largest managed service provider (MSP), announced on Monday (January 3) a private equity investment from M / C Partners, a Boston-based private equity firm.

Edafio did not disclose the amount in a press release or in response to a question from Talk Business & Politics.

Kenny Kinley, President and CEO of Edafio, said the injection of capital will lead to additional growth opportunities, improved service capabilities and regional expansion.

“We are extremely pleased to welcome M / C Partners as an investor in our business,” Kinley said in a press release. “This partnership will accelerate the expansion of Edafio’s services and enable our continued growth throughout the region.

Edafio was formed in 1999 by the partners of the Little Rock-based accounting firm JPMS Cox. The company was so successful in delivering results for JPMS that it became a full-service IT vendor and started taking on its own clients. When local IT companies couldn’t meet their needs, partners created their solution and Edafio Technology Partners was born.

“They are successful business partners who have successfully developed both an accounting firm and a technology company,” said Kinley, who joined Edafio in 2011. “Edafio has enjoyed 22 years of success with a large group of owners, and we are looking forward to the next chapter of growth in partnership with M / C.

Edafio is headquartered in North Little Rock. A second office opened at Rogers in 2014, and another at Conway in 2016. The company also has a growing client presence in Tennessee and Oklahoma.

M / C Partners focuses on companies in the digital infrastructure and technology services sectors and has invested $ 2.4 billion in more than 140 companies.

Edafio offers public and private cloud offers (Microsoft Azure and Edafio Private Cloud). For most of its history Edafio has offered managed services, but over the past five years the company has made significant investments in private cloud and cybersecurity offerings, which are expected to be its main growth areas.

“Edafio has established an impressive track record of providing high quality services to a wide range of clients across the region, in addition to specific vertical expertise in sectors such as healthcare which have more IT needs. more complex and scalable, ”Abhishek Rampuria, a partner at M / C Partners, said in a statement. “We look forward to partnering with the talented team at Edafio to accelerate their efforts and continue their success in building a leading regional MSP through organic growth initiatives and strategic acquisitions. “

Edafio has 116 employees and the largest group of Certified Engineers of any MSP based in Arkansas.

Little Rock-based law firm Mitchell Williams and Citizens M&A Advisory advised Edafio on the investment partnership. Choate, Hall & Stewart LLP served as legal counsel to M / C Partners.

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