Corporate Technologies Acquires Cenetric

Tonka Bay Equity Partners Acquires Corporate Technologies

July 19, 2023

IT Services

Tonka Bay Equity Partners led a majority buyout of Corporate Technologies, a Minneapolis-based managed IT services provider, partnering with CEO Jim Griffith and junior capital provider Northstar Capital. The seller was North Central Equity; Northstar provided debt and an equity co-investment to support the transaction as Corporate Technologies becomes a platform for add-on growth across multiple U.S. markets.

Corporate Technologies Acquires NuMSP

January 30, 2024

IT Services

Corporate Technologies, a national managed service provider based in Eden Prairie, Minnesota, has acquired NuMSP, an MSP serving small and mid-sized businesses, expanding Corporate Technologies' national footprint to 16 markets across eleven states. The deal, facilitated by IT ExchangeNet, enhances service capabilities (including 24x7 NOC and SOC) for NuMSP clients and is Corporate Technologies' first acquisition since being acquired by Tonka Bay Equity Partners in July 2023.

Cerberus Affiliate Acquires NetCentrics Corporation

October 12, 2021

Cybersecurity

An affiliate of Cerberus Capital Management, L.P. has acquired NetCentrics Corporation, a Herndon, Virginia-based provider of cybersecurity, enterprise IT, and telecommunications services to the U.S. government and private sector. The Cerberus investment provides NetCentrics with additional capital to strengthen financial flexibility and support capability investments and long-term growth; Kenny Cushing was named CEO in connection with the transaction.

Medicus IT Acquires MDcentric Technologies

November 1, 2022

IT Services

Medicus IT, a national healthcare-focused managed services provider headquartered in Alpharetta, Georgia, has acquired MDcentric Technologies, a Charlotte-based healthcare-focused managed service provider. The deal expands Medicus' East Coast footprint, adds a North Carolina office and strengthens its managed IT, cloud and cybersecurity capabilities for healthcare and other regulated end markets.

Corporate Technologies Acquires RSPN

October 16, 2024

IT Services

Corporate Technologies, a Tonka Bay Equity Partners portfolio company, has acquired RSPN, an MSP based in Cedar Falls, Iowa. The deal expands Corporate Technologies' national footprint to 17 markets and is the firm's second acquisition since partnering with Tonka Bay in 2023.

Centre Technologies Acquires Commercial IT Solutions (CIT)

June 8, 2022

IT Services

Centre Technologies, a Texas-based managed IT and cybersecurity provider, has acquired San Antonio-based Commercial IT Solutions (CIT), an outsourced cloud and virtual desktop services partner. The acquisition expands Centre's footprint into South-Central Texas and gives CIT customers access to Centre’s broader enterprise-grade cloud, cybersecurity, and help-desk resources.