Gridiron Capital invests in Centroid
The Michigan IT services company helps enterprise and middle-market clients migrate to and manage Oracle Cloud Infrastructure.
Takeaways
- Centroid is a Oracle Cloud Infrastructure consulting and managed-services provider serving enterprise and middle-market customers.
- Gridiron Capital and Centroid are classified as a platform transaction.
Gridiron Capital invested in Centroid, a Troy, Michigan-based provider of consulting and managed services for Oracle Cloud Infrastructure.
Founded in 1997, Centroid serves enterprise and middle-market customers with cloud migration, managed services, support renewals, capacity management and engineered systems.
The company is the final platform investment from Gridiron's Fund V.
Gridiron said it plans to support Centroid's organic growth and acquisition strategy while broadening its services and sales organization.
Financial terms were not disclosed.
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