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.

Warburg Pincus and Macquarie Capital Principal Finance Acquire Majority Stake in Premier Technical Services Group (PTSG)

May 17, 2021

Industrial Services

Warburg Pincus has entered an agreement with Macquarie Capital Principal Finance to jointly acquire a majority stake in Premier Technical Services Group Ltd (PTSG), a UK leader in building compliance services. The investment will support PTSG's next phase of growth and its consolidation strategy across the UK's compliance services market; financial terms were not disclosed and the transaction remains subject to antitrust approval.

Park Place Technologies Acquires Hardware Maintenance and Data Migration Assets from Congruity360

September 15, 2021

IT Services

Park Place Technologies has acquired the third-party hardware maintenance, data migration services and new hardware sales assets from Congruity360. The asset purchase expands Park Place’s professional services and data migration capabilities for enterprise customers while Congruity360 retains its information governance and software business.

Park Place Technologies Acquires SDV Solutions

March 26, 2024

IT Services

Park Place Technologies has acquired SDV Solutions, a Virginia-based, Service-Disabled Veteran–owned provider of data center hardware maintenance, managed services and professional services to U.S. Federal Government agencies. The founding owners Mike and Erin McMahan will remain involved to ensure continuity; Agile Equity provided exclusive investment banking services to SDV Solutions. The acquisition expands Park Place's federal capabilities and depth of security-cleared field engineers while leveraging Park Place's broader service and supply-chain platforms.