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Recapitalization • Information Technology

Nautic Partners Acquires ITS

On May 11, 2022, private equity firm Nautic Partners acquired information technology company ITS

Acquisition Context
  • This is Nautic Partners’ 5th transaction in the Information Technology sector.
  • This is Nautic Partners’ 73rd transaction in the United States.
  • This is Nautic Partners’ 5th transaction in Pennsylvania.

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M&A Deal Summary
Date May 11, 2022
Target ITS
Sector Information Technology
Buyer(s) Nautic Partners
Deal Type Recapitalization
Advisor(s) Charlson Braber McCabe & Denmark (Legal)

Target Company

ITS

Fort Washington, Pennsylvania, United States
ITS is a managed services provider with a focus on proactive and strategic support for small and mid-market businesses. ITS partners with clients to align technology with business goals, secure data, and networks, and improve processes through tailored, innovative solutions. In addition to providing comprehensive managed IT services, it offers cybersecurity, cloud, custom application development, and business intelligence services. ITS was founded in 1994 and is based in Fort Washington, Pennsylvania.
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Buyer Overview 1

Buyer

Nautic Partners

Providence, Rhode Island, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1986
PE ASSETS 9.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Nautic Partners is a private equity firm focused on middle-market company investments based in the US. Nautic looks to invest $50 to $400 million of equity in businesses valued between $100 million and $1 billion. Nautic's industry focus is business services, manufacturing, healthcare, and communications. Prospective investment structures include buyouts, recapitalizations, consolidations, and growth financings. Nautic prefers majority investment positions. Nautic Partners was formed in 1986 and is based in Providence, Rhode Island.

Deal Context for Buyer #
Overall 74 of 83
Sector: Information Technology 5 of 6
Type: Recapitalization 6 of 6
State: Pennsylvania 5 of 6
Country: United States 73 of 82
Year: 2022 6 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-05-05 Pantherx

Pittsburgh, Pennsylvania, United States

Pantherx is a rare disease pharmacy, comprehensively serving patients afflicted with rare and devastating conditions through the delivery of medical breakthroughs, clinical excellence, and access solutions. Pantherx offers a suite of synchronized compliance, logistics, and analytics solutions to help streamline the process of delivering orphan medications and care to people living with complicated rare diseases. Pantherx was founded in 2011 and is based in Pittsburgh, Pennsylvania.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-08-08 Canada Cartage

Mississauga, Ontario, Canada

Canada Cartage is a provider of customer-located, dedicated trucking services and warehouse solutions to specific customers and reside at their locations. Canada Cartage was founded in 1914 and is based in Mississauga, Ontario.

Sell -

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