Netrio Expands with Agio Acquisition
Deal News | Jun 05, 2025 | L Squared Capital Partners
L Squared Capital Partners has announced that its portfolio company, Netrio, has acquired Agio, a New York City-based managed IT and cybersecurity services provider. This acquisition marks Netrio’s fourth since its establishment in 2024, symbolizing a strategic move to enhance its managed services platform with specialized capabilities. Agio’s expertise in the financial services sector and its proprietary automation platform, AgioNow, which offers GenAI capabilities, will be integral to Netrio’s growth strategy. The agreement underscores Netrio's ambitions to deliver advanced managed IT services across various industry verticals.
Sectors
- Managed IT Services
- Private Equity
- Cybersecurity
Geography
- United States – Netrio is expanding its capabilities in the United States, specifically highlighted by the acquisition of New York-based Agio.
- New York – Agio is based in New York City, which adds a geographical dimension to the acquisition strategy of Netrio.
- California – L Squared Capital Partners is based in Newport Beach, California, indicating involvement from this region.
Industry
- Managed IT Services – The article focuses on the acquisition of Agio, a firm providing managed IT and cybersecurity services, indicating the expansion of capabilities in the managed IT services industry.
- Private Equity – L Squared Capital Partners, a private equity firm, is highlighted in the article as the owner of Netrio, marking the relevance of private equity in driving strategic acquisitions.
- Cybersecurity – Agio is known for its cybersecurity services, providing key expertise in this industry, which Netrio aims to enhance through the acquisition.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| L Squared Capital Partners | Private Equity Firm | Company | L Squared Capital Partners is a private equity firm that owns Netrio. |
| Netrio | Acquirer | Company | Netrio is the acquiring company, part of L Squared Capital Partners’ portfolio, focused on managed IT services. |
| Agio | Target Company | Company | Agio is the target of the acquisition, a company specializing in managed IT and cybersecurity services. |