Hybrid IT services Ensono has sold itself to investment giant KKR in a deal worth $1.7 billion.
Ensono claims KKR’s technology experience and resources will help it achieve “new heights” in the managed services industry for medium and large enterprises.
Under the deal will see KKR acquire the MSP business from existing investors Charlesbank Capital Partners and M/C Partners. Ensono claims the deal is expected to close within the next 60 days and will be financed through KKR’s Americas X11 fund.
KKR holds existing stakes in US based MSSP Optiv and licensing giant SoftwareOne and also invests in IT vendors including Darktrace, Exact, Epicor and Cherwell.
Ensono claims the investment follows several years of high growth, including a “robust” financial 2020 and its recent acquisition of UK-based cloud native consultancy Amido.
Jeff VonDeylen, CEO of Ensono said: “Our initial investors played an important role in helping us establish our business and brand and funding our growth. With the support of KKR, we will continue to grow and invest in our future as we drive innovation to meet the changing needs of our clients. We are fortunate to be in an industry where the need for our services has not only grown but diversified into exciting new areas of potential growth.”
