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OceanSound Partners portfolio company Netrix acquires BTB Security

Netrix, a provider of managed and professional IT services, and a portfolio company of OceanSound Partners, has acquired BTB Security, a cybersecurity and digital forensics solutions specialist.

The acquisition strategically expands Netrix’s managed security portfolio and its ability to deliver sophisticated cybersecurity consulting services to small and mid-sized enterprise clients. Financial terms of the transaction have not been disclosed.
BTB Security’s three Managing Partners, Ron Schlecht Jr, Brian Bailey and Chris McGinley, have taken key roles in the Netrix organisation. Over the near term, they will be assisting with integration initiatives while continuing to drive value for key existing clients and supporting the growth of the cybersecurity solutions business.
Falcon Capital Partners, LLC served as financial advisor to BTB Security. Cozen O’Connor P.C. served as legal counsel to BTB Security. Womble Bond Dickinson (US) and Skadden, Arps, Slate, Meagher & Flom LLP served as legal counsel to Netrix.

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