Pfingsten Sells Omega Systems to Revelstoke
Deal News | Jan 16, 2025 | Pfingsten Partners LLC
Pfingsten Partners LLC has announced the sale of Omega Systems, a Reading, Pennsylvania-based provider of managed IT solutions, to Denver's private equity firm, Revelstoke Capital Partners. Serving regulated industries like financial services and healthcare, Omega provides comprehensive IT support services. Since Pfingsten's initial 2021 investment, the company has grown significantly through organic expansion and strategic acquisitions, increasing its size over threefold. Both Pfingsten and Omega's leadership highlight the successful growth and transformation initiatives taken during their partnership, noting the company's enhancement of service offerings and customer base expansion. The transaction was finalized on January 15, 2025, with financial advisory from Harris Williams and legal counsel from Paul Hastings. Pfingsten, headquartered in Chicago, focuses on operational improvements and has raised over $1.8 billion across six funds, investing in 171 companies over its history.
Sectors
- Private Equity
- Information Technology Services
- Mergers and Acquisitions
Geography
- United States – The companies involved in the transaction are primarily based in the United States, with Omega Systems headquartered in Reading, Pennsylvania, and Revelstoke Capital Partners based in Denver, Colorado. Pfingsten Partners is headquartered in Chicago.
Industry
- Private Equity – This sector is relevant because the transaction involves the sale of a company, Omega Systems, by private equity firm Pfingsten Partners to another private equity firm, Revelstoke Capital Partners.
- Information Technology Services – Omega Systems, the target company in the transaction, operates as a managed IT solutions provider.
- Mergers and Acquisitions – This is pertinent because the article discusses the sale of Omega Systems by Pfingsten Partners, indicating a significant M&A transaction.
Financials
- $1.8 billion – Total commitments raised by Pfingsten across six investment funds.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Pfingsten Partners LLC | Selling Company | Company | A private equity firm focused on operational improvements and professional management practices. |
| Omega Systems | Target Company | Company | A provider of managed IT solutions including cybersecurity, cloud services, and network monitoring. |
| Revelstoke Capital Partners | Bidding Company | Company | A Denver-based private equity firm acquiring Omega Systems. |
| Harris Williams | Financial Advisor | Company | Acted as financial advisor to Omega Systems during the transaction. |
| Paul Hastings | Legal Advisor | Company | Provided legal counsel for Omega Systems in the transaction. |