Integris Partners with Private Equity Firm to Advance Strategic Growth

On Dec 3, 2024

Cranbury-based  IT managed service provider Integris has partnered with OMERS Private Equity, a leading institutional investor. OMERS Private Equity is the private equity investment arm of OMERS, one of Canada’s largest defined benefit pension plans serving over 620,000 municipal employees. The partnership will fuel Integris’ expansion goals through new acquisitions, organic growth, and continued investment in its employee base.

Since its founding in 2021, Integris has been regularly recognized as one of the fastest growing IT MSPs in the country. OMERS investment in Integris will allow the company to further expand its footprint and differentiate itself by providing tailored, industry-specific IT strategies and solutions. At the same time, Integris plans to utilize this new partnership to reinvest in the growth of the company’s biggest asset: its people.

“I am honored to announce this partnership and look forward to seeing how we grow together. Integris has remained focused on growth that benefits our people and our clients. When it comes to ensuring future growth, OMERS was the clear choice. Their approach and values match ours and we are particularly impressed by their commitment and care for the people at the companies they are invested in,” says Glenn Mathis, president and COO of Integris.

This recapitalization comes following Integris’ four-year partnership with Chicago-based private equity firm, Frontenac. In their four years together, Integris saw exceptional growth. Frontenac helped establish Integris’ employee base through a successful four-company merger and went on to help the company acquire an additional four companies in the past two years.

“As we embark on our next chapter, having the right partner is key to our continued success. With OMERS’ proven track record of scaling its portfolio companies, we are confident in our ability to drive continued growth and success for Integris,” said Rashaad Bajwa, founder and CEO of Integris. “At the same time, we extend our sincere gratitude to Frontenac for its investment, leadership, and collaboration over the past four years.”

“Integris is a world-class platform that excels in delivering expert outsourced IT services and customer support in an industry with significant growth potential,” said Eric Haley, senior managing director and head of buyout, OMERS Private Equity. “This investment serves as OMERS’ entry into the IT Managed Service Provider space and enhances our business services portfolio, backed by a team with deep industry expertise and a strong, customer-centric reputation.”

The transaction is expected to close in December 2024. DLA Piper acted as legal counsel and Baird served as financial advisor for Integris and Frontenac. Cravath, Swaine & Moore LLP acted as legal counsel for OMERS Private Equity. Financial terms of this transaction were not disclosed.

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