ATSG has completed a transaction to combine with Evolve IP.
This is expected to significantly accelerate ATSG’s services and solutions capabilities.
ATSG and Evolve will have more than $230m of revenue, serving over 950,000 end-users across 1,700 global customers.
The combined expertise will enhance the ability to solve customers’ increasingly interconnected and complex technology challenges.
ATSG, who will have a controlling majority, is backed by RunTide Capital, a private equity firm focused on building tech-enabled growth companies.
Investment funds managed by Morgan Stanley Private Equity Secondaries, through a vehicle managed by RunTide Capital, provided the equity financing to complete the combination between ATSG and Evolve IP.
ATSG expects to integrate solutions from both companies into a broader and stronger managed services portfolio benefitting mid-and-enterprise customers and supporting the further development of EMEA partnerships and the global white-label business.
The new company’s market presence will expand, and create greater value by harnessing pooled assets, resources, expertise, and leveraging ATSG’s platform of rich intellectual property.
It will seek to drive organic growth and cementing its position as an end-to-end MSP and continue to win in numerous industry verticals.
Russ Reeder, CEO of ATSG and the go-forward CEO of the combined company, said: "Evolve IP offers a suite of desktop-as-a-service, cloud-communications, and contact centre solutions.
“Combined with ATSG’s infrastructure-centric managed services, we will strengthen our collective position in the market and provide better outcomes for our combined base of customers.”
Paul Harrison, EMEA Managing Director of Evolve IP, concluded: “This is great news for our partners as ATSG brings further skills, funding and leading technologies to the table. Allowing partners to grow their businesses and further develop their service offering as an Evolve IP partner.”