Transaction Represents SSC’s First Platform Investment from SSC Partners Fund III
Sole Source Capital LLC, an industrial and business services-focused private equity firm, announced that it has acquired Brite, a leading cybersecurity and managed services provider serving customers across the U.S. This transaction marks Sole Source’s first platform investment in its third fund, SSC Partners Fund III.
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Founded in 1983 and based in Victor, New York, Brite delivers a comprehensive suite of cybersecurity, IT managed services and technology solutions to customers operating in finance, healthcare, insurance, education, and other end markets. The company has built strong, longstanding customer relationships by providing reliable, mission-critical cybersecurity solutions to organizations in highly regulated sectors. Brite’s broad and diversified customer base spans multiple industries and vertical markets, supporting consistent, recurring revenue and a resilient business model. Following the transaction, CEO Justin Smith and President Trevor Smith, along with the rest of the Brite management team, will remain in their roles.
“We are excited to make Brite our first platform investment in Fund III,” said David Fredston, Founder and CEO of SSC. “Consistent with our track record of partnering with management teams to build market-leading buy-and-build platforms, we believe Brite represents a compelling opportunity as we enter the cybersecurity and managed services sector. The company’s experienced leadership team and longstanding customer relationships provide a strong foundation to scale the business and expand its capabilities over time.”
“We are attracted to the cybersecurity and managed service verticals, which possess strong secular tailwinds driven by the increasingly complex cyber threat environment, increased outsourcing, evolving digital transformation, and the growth of artificial intelligence,” said Scott Sussman, Chief Investment Officer of SSC. “As organizations continue to outsource critical IT and security functions, we see significant opportunity to grow in this highly fragmented market and believe Brite’s capabilities and strong customer base create a differentiated platform to support strategic expansion.”
“We are incredibly excited to be partnering with David, Scott, and the entire Sole Source Capital team,” said Justin Smith, CEO of Brite. “For the past 26 years, Brite has been focused on providing best-in-class IT solutions, including managed services and cybersecurity, to a diverse set of clientele across the United States. We look forward to working closely with SSC to rapidly scale the business and provide even greater value to our precious customers.”
Stifel acted as financial advisor, Woods Oviatt Gilman LLP acted as legal advisor to Brite and Sidley Austin LLP acted as legal advisor to Sole Source.
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