PE-Backed Bridgepointe Investment in Channel Partners Continues

Bridgepointe Technologies is using its $100 million-plus Charlesbank Capital Partners investment to pour money into another one its partners.

Bridgepointe has made a growth investment in California-based IT strategy firm Vinco. Vinco founder Joe Vincent now has the role of associate partner at Bridgepointe.

Vinco’s Joe Vincent

Vincent said he will use funding from Bridgepointe to expand his team.

“We will be using the investment to bring on additional engineering talent to help our clients with security and infrastructure services,” Vincent told Channel Futures.

Vincent has been partnering with Bridgepointe since 2015. He earned top agent each year from 2015-2018, reaching more than $2 million in monthly recurring revenue. He founded Vinco in 2018.

Bridgepointe’s Brian Miller

“Vinco’s success is proof of the growing demand for IT strategy services,” Bridgepointe co-founder Brian Miller said. “This strategic growth investment is part of our focus on expanding our footprint in this massive market while doubling down on our customers, IT strategists and suppliers.”

Bridgepointe in January announced the strategic investment from Charlesbank, which is a midmarket investment firm. Bridgepointe leadership said at the time that they planned on investing in or buying partners. Two weeks ago Bridgepointe announced a growth investment in Seattle-based agent Double Tap Networks.

Bridgepointe’s Scott Evars

“Our vision is to have our best and brightest IT strategists share in our success as we continue to grow,” Bridgepointe co-founder Scott Evars said. “Making these strategic investments is a key part of how we’re bringing that vision to fruition.”

Investment

Vincent said technology advisory firms are looking at a massive opportunity to help businesses move to the cloud and “modernize their infrastructure.”

“With Bridgepointe’s investment, we’ll have additional capital to enable us to leverage that opportunity to the fullest,” Vincent said.

Specifically, the funding from Bridgepointe will help Vinco supplement its customers’ IT resources.

“What we have noticed is that our clients want to take on transformation, but don’t have the resources to make it happen. Vinco now is blending staff augmentation with security and infrastructure strategy to help out clients through the process,” he said.

Vinco employs a little more than a dozen people full-time.