Lightview Capital Buys Buchanan Technologies As More MSPs See Private Equity Interest

A solution provider with more than 500 employees and offices in the U.S. and Canada was purchased by a private equity company as the wave of consolidation that has hit the MSP market rolls on.

Buchanan Technologies—No. 417 on the 2019 CRN 2019 Solution Provider 500—is based in Grapevine, Texas, and has its Canadian headquarters is in Mississauga, Ontario. It was purchased by Lightview Capital, a New Jersey company founded in 2012 that works in the midmarket space.

“We chose Lightview because of their deep MSP sector knowledge, shared values and a strong common vision for our growth,” James Buchanan, CEO and founder of Buchanan Technologies, said in a statement.

Terms of the deal were not disclosed.

The MSP was named to the Elite 150 in the 2019 CRN MSP 500 and has won Microsoft Business Productivity Innovation and HDI Pinnacle of Excellence awards.

“It’s a great company,” Seth Collins, managing director and head of martinwolf’s LMM Group, a leading M&A firm serving the midmarket IT industry that represented Buchanan in the transaction, told CRN. “It’s been in business more than 30 years. It has a long-standing customer base, global reach and just a lot of upside potential. With the right partner and the right culture, it’s a one-and-one- equals-nine type thing.”

Read the full article here.

previous post Back to Articles next post

31 Jan 2023

Rising Interest Rates Chill Private Equity Pace

After a year of strength on the private equity front, 2022 is now in the rearview mirror and industry professionals anticipate a downgrade in performance for the coming year.   Despite the fluctuations of the past few years, private equity has withstood the challenges relatively well. However, in certain areas such as exit activity and...

18 Jan 2023

IT Industry Titan John McKenna Announces Retirement 

Congratulations to John McKenna, CEO of ConvergeOne, who announced his retirement today after 14 years at the helm. John has been an integral part of the IT industry for more than 30 years, and his leadership, dedication, and hard work have set the gold standard as a titan in our industry.   John’s tenure at...

21 Dec 2022

Happy Holidays – The 2022 martinwolf Annual Letter

View a pdf of this letter here.    Dear Clients, Partners, and Friends, It’s hard to believe we are closing the books on our 25th year in business. Looking back at our extraordinary colleagues past and present, hundreds of clients, and a global network of buyers and friends, I want to start this year’s letter...