Warburg Pincus and Temasek Invest in Park Place Technologies; Park Place and Service Express Merger Completes

Warburg Pincus Acquires Service Express from Harvest Partners

August 15, 2024

IT Services

Warburg Pincus has completed a growth investment/acquisition of Service Express from Harvest Partners. Service Express, a Grand Rapids-based provider of third-party data center maintenance and managed infrastructure services, will continue to be led by CEO Ron Alvesteffer and use the investment to support geographic expansion, go-to-market initiatives and strategic acquisitions.

Park Place Technologies Acquires Xuper Limited

October 17, 2023

IT Services

Park Place Technologies has acquired Xuper Limited, a nearly 40-year-old UK-based IT solutions and third-party maintenance provider headquartered in Derby. The deal expands Park Place’s UK and international engineering footprint and services capabilities; Xuper’s chairman Peter Grogan announced his retirement and will support the transition.

Park Place Technologies Acquires CentricsIT Professional Services and TPM Assets

December 6, 2022

IT Services

Park Place Technologies has acquired the TPM and Professional Services assets (global services division) of CentricsIT, strengthening Park Place’s professional services, project management and IT lifecycle capabilities. CentricsIT will retain its server, storage and networking resale business following the asset sale; the deal enhances Park Place’s IMAC, ITAD, remote-hands and deployment service offerings and adds a professional services portal and experienced PMO staff.

Park Place Technologies Acquires Curvature, Inc.

November 11, 2020

IT Services

Park Place Technologies has acquired Curvature, Inc., combining the two largest third-party data center maintenance providers to create the largest global TPM provider. The deal (Park Place is a portfolio company of Charlesbank Capital Partners and GTCR) increases field-service capacity and parts inventory, expands Park Place into four international markets, and strengthens its managed services offering.

Charlesbank and GTCR Recapitalize Park Place Technologies; WestView Exits Minority Stake

July 23, 2019

IT Services

Boston-based Charlesbank Capital Partners is acquiring WestView Capital Partners' minority stake in Park Place Technologies in a transaction that will occur alongside a recapitalization led by GTCR. The deal provides WestView liquidity while positioning Park Place—an Ohio-headquartered third-party maintenance provider with ~1,200 employees—for continued growth under GTCR and Charlesbank; terms were not disclosed.

Park Place Technologies Acquires Prestige Data Centre Solutions

May 15, 2017

IT Services

Park Place Technologies has acquired Prestige Data Centre Solutions (Prestige Systems), a UK-based IT infrastructure and data center services provider located near Birmingham, England. The purchase expands Park Place's engineering and service footprint across the UK and EMEA to support data centers; terms were not disclosed. Prestige co-founders John and Elaine Dawson, James Coyle and Mark Jones will be leaving the business following the transaction.