LightBay Capital backs Centre Technologies
The investment aims to accelerate organic growth, targeted acquisitions, and expanded AI, cloud, and cybersecurity capabilities within the fragmented IT managed services market.
Takeaways
- Centre Technologies is a Texas-based IT managed services provider specializing in outsourced IT, AI, cloud, and cybersecurity.
- LightBay Capital is acquiring Centre Technologies.
- The target serves regulated end markets across Texas.
LightBay Capital has invested in Centre Technologies, a Houston-based IT managed services provider that delivers outsourced IT, AI, cloud, and cybersecurity services, creating a new platform in the MSP sector.
Centre provides critical IT support to businesses in regulated end markets and has been built over nearly two decades by founder and CEO Chris Pace.
The investment will fund organic growth, targeted acquisitions, and broader AI, cloud, and cybersecurity offerings.
“Chris and his team have built something special, anchored by a culture of service and an unwavering commitment to their clients,” said David Burcham, Partner at LightBay.
Guggenheim Securities served as financial advisor to Centre, with Troutman Pepper Locke as legal counsel.
Houlihan Lokey advised LightBay, and Ropes & Gray provided legal counsel.
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