PSP Capital to Buy Ntiva, Deal Said to Spur Job Growth

Private investment firm PSP Capital has acquired managed IT services company Ntiva. Founded in 2004, Ntiva (No. 228 on the 2021 MSP 501) is one of the largest nationwide MSPs.

Also, Ntiva provides managed security services, strategic consulting, cloud solutions, unified communications and other technology services. Inc. 5000 named the firm one of its fastest growing companies in the United States.

Employment Opportunities

PSP Partners’ Penny Pritzker

Penny Pritzker is chairman of PSP Partners and former U.S. Commerce Secretary. Pritzker said Ntiva is an innovative company with a management team of executives with deep domain expertise.

“Our DNA for years has been to build durable, enduring businesses,” Pritzker said. “Ntiva’s is a perfect match for our firm. The company creates a strong culture and value while providing world-class technology and client service while developing jobs and economic opportunity.”

Steven Freidkin, CEO and founder of Ntiva, said the company is deeply invested in creating meaningful employment opportunities. He said the deal reflected Ntiva’s core values and long-term vision.

Ntiva’s Steven Freidkin

“We are honored to partner with PSP Capital,” Freidkin said. “Our mutual commitment to innovation, job creation, education and philanthropy is game-changing.”

Moreover, the focus of the Ntiva platform is on accelerating growth through technology. The firms will also emphasize a commitment to social good, they said.

Strategic Technology Partnerships

Ntiva has grown rapidly in the U.S., offering strategic technology partnerships to thousands of organizations. In addition, Ntiva serves clients across a variety of sectors, the company said. These include government contractors, nonprofits/associations, legal services, manufacturing, financial services, health care, private equity/M&A, construction, and professional services.

PSP Capital’s Troy Noard

Troy Noard is managing director of PSP Capital. Noard said Ntiva’s services fit perfectly with the firm’s digital transformation investment “thesis.”

“We are very bullish on [Ntiva’s] future and look forward to working with Steven and the Ntiva team to build a broader platform through continued organic and inorganic growth,” he said.