VSS Capital Partners, a private investment firm investing in the healthcare, information, business services and education industries, recently announced that it has completed the sale of Coretelligent to Norwest Equity Partners. Terms of the transaction were not disclosed.
Headquartered in Westwood, USA, Coretelligent was founded by Kevin J. Routhier in 2006 and provides comprehensive managed and co-managed white glove IT support, cybersecurity, backup and Risaster Recovery, and cloud services.
“We would like to thank VSS for being an incredibly supportive partner who helped us build a uniquely scalable platform providing best-in-class managed and co-managed IT services (MSP), seamless cybersecurity and private cloud services in the fragmented MSP market,” said Routhier. “VSS helped to accelerate Coretelligent’s growth trajectory beyond our expectations and positioned us to succeed in the highly competitive MSP market. We’re excited about the opportunities that lay ahead for our talented professionals as we transition ownership.”
Trent Hickman, Managing Director, VSS, who also served as Chairman of Coretelligent, said: “We are proud of what we have accomplished during our partnership with CEO Kevin Routhier and his team at Coretelligent, which speaks to VSS’s ability to maximise the long-term value and success of our portfolio companies by working closely with management.”Click below to share this article