M&A Deal Summary

Crest Rock Partners Acquires Opti9

On January 12, 2022, private equity firm Crest Rock Partners acquired information technology company Opti9

Acquisition Highlights
  • This is Crest Rock Partners’ 2nd transaction in the Information Technology sector.
  • This is Crest Rock Partners’ 6th transaction in the United States.
  • This is Crest Rock Partners’ 2nd transaction in New York.

M&A Deal Summary
Date 2022-01-12
Target Opti9
Sector Information Technology
Buyer(s) Crest Rock Partners
Deal Type Consolidation

Target

Opti9

Garden City, New York, United States
Opti9 is a hybrid cloud solutions provider specializing in cloud services, application development and modernization, backup and disaster recovery, and managed security and compliance. Opti9 is based in Garden City, New York.

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Buyer(S) 1

Buyer

Crest Rock Partners

Investor Investor Investor Investor

Category Private Equity Firm
Founded 2019
Size Small
Type Sector Agnostic
DESCRIPTION

Crest Rock Partners is a private equity firm that looks to acquire and invest in businesses that can benefit from an operationally focused investor. The Firm will consider a variety of investment situations including corporate divestitures, companies in transition, buyouts, recapitalizations, and growth capital financings. Crest Rock can invest across the capital structure and seeks to commit $15 to $60 million per investment. Sectors of interest include software, technology, business services, manufacturing, and industrial. Crest Rock Partners was formed in 2019 and is headquartered in Denver, Colorado.

DEAL STATS #
Overall 7 of 9
Sector (Information Technology) 2 of 3
Type (Consolidation) 2 of 2
State (New York) 2 of 2
Country (United States) 6 of 7
Year (2022) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-12 Webair Internet Development

Garden City, New York, United States

Webair Internet Development Co. specializes in the management of complex managed private and hybrid cloud solutions and data protection. The Company provides a full suite of turnkey solutions to its customers, including managed cloud, Disaster-Recovery-as-a-Service (“DRaaS”), Backups-as-a-Service (“BaaS”), infrastructure management, colocation, and other ancillary network services. Webair’s comprehensive, customizable service offerings provide enterprises with tailored solutions that are optimized for their bespoke workload needs. Webair Internet Development Co. was founded in 1998 and based in Garden City, New York.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-05-23 Pitcher

Zurich, Switzerland

Pitcher provides innovative software solution to revolutionize how sales teams manage their day-to-day customer engagements with data driven insights. Pitcher’s patented Super App, an omnichannel end-to-end unified sales enablement platform for enterprises, revolutionizes the sales process by reducing complexity and increasing ROI while empowering sales and marketing teams with the industry’s most robust suite of fully integrated features and functionality. Pitcher was founded in 2011 and is based in Zurich, Switzerland.

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