Summit Partners Invests in Systems Maintenance Services (SMS)

October 30, 2013

Summit Partners has made a significant minority equity investment in Systems Maintenance Services, Inc. (SMS), joining existing majority shareholder Thomas H. Lee Partners. The investment will support SMS's organic and strategic growth—expanding its multivendor IT asset lifecycle, datacenter and managed services globally—and Summit Partners representatives will join the SMS board.

Buyers
Summit Partners, Thomas H. Lee Partners
Targets
Systems Maintenance Services, Inc.
Industry
IT Services
Location
North Carolina, United States
Transaction Type
Growth capital

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