OMERS Private Equity, the PE investment division of the $95.2bn Ontario Municipal Employees Retirement System, has agreed a deal to acquire Integris, a fast-growing IT managed service provider (MSP), from Chicago-based Frontenac Company for an undisclosed amount.
According to a press statement, the deal, which makes OMERS debut in the MSP space, will “drive Integris’ growth through acquisitions, organic expansion, and investments in its workforce”.
Founded in 2021 and headquartered in Cranbury, NJ, Integris provides managed IT services tailored to small and mid-sized companies. The company was acquired by private equity firm Frontenac four years ago and has since completed four mergers and acquired another four firms.
The existing management team will remain in place following the closing of the transaction, which is expected later this month.
