North Carolina-based private equity firm Kian Capital Partners has sold its stake in The Purple Guys, a managed IT services provider to small- and mid-sized businesses, to Ntiva, a portfolio company of asset manager PSP Capital.
Kian and co-investor ParkSouth Ventures initially acquired The Purple Guys as well as Network Technologies in 2020, with a majority recapitalisation and merger of Enterprise Computing Services and My IT. Following a rebranding, the company completed and integrated seven additional acquisitions, according to a press release.
The Purple Guys was advised by Harris Williams, Robinson Bradshaw and FORVIS.
