ATSG Combines with Evolve IP to Create a Scaled IT Managed Services Provider
October 31, 2024
ATSG, a RunTide Capital-backed managed services platform, has completed a combination with Evolve IP, with ATSG retaining a controlling majority. Investment funds managed by Morgan Stanley Private Equity Secondaries, through a vehicle managed by RunTide Capital, provided equity financing for the transaction; the combined company will have more than $230 million in revenue and serve approximately 1,700 customers and 950,000 end-users.
- Buyers
- ATSG, RunTide Capital, Morgan Stanley Private Equity Secondaries
- Targets
- Evolve IP
- Platforms
- ATSG
- Industry
- IT Services
- Location
- Pennsylvania, United States
- Transaction Type
- Addon
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