Court Square Capital Partners Leads Majority Recapitalization of Thrive
January 28, 2021
Thrive, a Foxboro-based provider of NextGen managed IT services, completed a majority recapitalization led by Court Square Capital Partners with existing sponsor M/C Partners continuing as an investor and Thrive senior management retaining a significant stake. The investment will fund expansion of Thrive's ServiceNow, automation and AI capabilities, broaden cybersecurity and cloud offerings, grow sales and technical teams, and support geographic expansion and M&A.
- Targets
- Thrive
- Industry
- IT Services
- Location
- Massachusetts, United States
- Transaction Type
- Recapitalization
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