PSP Capital Acquires Ntiva

Chicago-based private investment firm PSP Capital, founded by former commerce secretary Penny Pritzker, recently announced the acquisition of Ntiva, a IT managed services company based in the United States.

With cloud adoption and digital transformations on the rise, business leaders are turning to MSPs to ensure their technological investments are secure, functional, and reaching their maximum potential. Ntiva specializes in a number of critical services, including cyber security management, strategic consulting, cloud solutions, and communications support among others.

"We are honored to partner with PSP Capital," said Steven Freidkin, CEO and Founder of Ntiva. "Not only are our core values and long-term vision aligned to build a best-in-class company, we are both deeply invested in creating meaningful jobs and opportunities throughout the country.

Currently, PSP offers services to businesses located in Washington, D.C., Maryland, Virginia, Illinois, Colorado, New York, West Virginia, and Southern California. PSP Capital executives intend to use this new relationship to expand service reach, accelerate Ntiva’s growth, and further strengthen services to increase the company’s reputation as a leader in managed services.

"We are incredibly excited to partner with Ntiva, a leading provider of managed technology services and one that fits perfectly with our digital transformation investment thesis within the business and technology services sector," said Troy Noard, Managing Director of PSP Capital. "We are very bullish on the company's future and look forward to working with Steven and the Ntiva team to build a broader platform through continued organic and inorganic growth." 

Interested in learning more about how managed services are transforming the modern business landscape? Join MSP EXPO from June 21-24, 2022 in Fort Lauderdale, Florida to gain insights from leading experts within the MSP space.