Stone-Goff Partners Invests in Adar, with Five Points Capital Financing
January 9, 2020
Stone-Goff Partners has made an investment in Adar (Adar Inc./Adar Holdings), a Skokie, Illinois‑based provider of outsourced IT-as-a-Service (ITaaS) for SMBs. Five Points Capital provided unitranche financing and an equity co-investment to support the transaction; proceeds will fund Adar's growth initiatives including expansion of sales and marketing and rollout of a new Azure-based offering.
- Targets
- Adar (Adar Inc./Adar Holdings, Inc.)
- Industry
- IT Services
- Location
- Illinois, United States
- Transaction Type
- Growth capital
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