Global Business and Digital Transformation Advisory Firm and Private Equity Group Announce Partnership to Accelerate Organizational Growth and Elevate Customer Outcomes.
Synoptek, a leading global business and digital transformation advisory and consulting firm, announced a majority recapitalization with a leading mid-market private equity firm, Quad-C Management, Inc. Quad-C’s experience investing in high-growth service firms like Synoptek will support its growth initiatives and its ability to drive even more substantial business results and digital transformation for its valued customers.
“As customers move to cloud platforms, Synoptek has grown its capabilities to deliver more value and Quad-C’s investment will be instrumental in our continued organizational expansion,” said Tim Britt, Synoptek’s Chief Executive Officer. “This investment will enable us to grow and extend our service offerings for clients as well as create new and strategic career opportunities for our team. The partnership is a strong fit for us both.”
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“We are honored to partner with Tim Britt and his team at Synoptek who have done a remarkable job scaling the business over the past few years,” added Jack Walker, Partner at Quad-C. “This platform is ideally positioned to capitalize on the continued digital transformation of the economy, and we look forward to working closely with the team to drive outsized growth for the company and deliver even better outcomes for their clients.”
Synoptek’s former private equity partner, Sverica Capital Management (“Sverica”), invested in the company in 2015 and has plans to remain a minority stakeholder moving forward. Canaccord Genuity served as financial advisor to both Synoptek and Sverica.
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Sverica’s funding was a catalyst in the significant growth that Synoptek experienced since 2015 and the full-service business technology and digital solutions provider anticipates additional organic and M&A expansion opportunities will be supported under Quad-C’s ownership.
Synoptek, which was recently recognized as Microsoft Partner of the Year 2022, employs over 1,000 technology professionals spanning 12 offices across the globe. Increasing demand for the firm’s elite service offerings is fueled by its results-oriented approach and the growing dependence that businesses have on technology as well as the widespread adoption of cloud platforms such as Microsoft Dynamics, Microsoft Azure, Microsoft 365, ServiceNow, Salesforce, AWS, and Google G-Suite.
“We are excited for the future of what this partnership with Quad-C holds and know that it will be a driving force in helping us advance the digital transformation needs of every customer we serve,” concluded Britt.
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