MSP Node4 changes private equity hands

MSP receives new investment from Providence Equity Partners

Derby-headquartered Node4 has a new private equity owner in the form of Providence Equity Partners.

The MSP was previously owned by PE firms Bowmark Capital and LDC, who have realised their investments with the sale. It recently ranked #79 in CRN's Top VARs 2020 with revenues of £51.8m.

Under Bowmark and LDC, Node4 underwent "significant" investment into its people, systems, skills and product portfolio which it claims has set it up to capitalise on the opportunity for cloud-led digital transformation.

Node4 last week revealed it had bought Starcom Technologies from K3 for £14.7m which was its largest acquisition by headcount in its history.

"We are excited to be working with Providence as Node4 continues to build momentum and swiftly moves on to the next stage of its ambitious growth journey," stated Andrew Gilbert, founder and CEO of Node4.

"We will continue down our well-proven path of organic growth, building on Node4's best-in-class systems and supplementing this with exciting strategic acquisitions. I am grateful for Bowmark's help and support over the last five years, which has been instrumental in supporting Node4's expansion and accelerating the company's growth."

Andrew Tisdale, senior managing director at Providence, added: "Node4 has an outstanding management team and its core focus on exceptional service has continued to deliver impressive organic growth. Recent acquisitions and an ambitious growth plan add to Node4's appeal as an investment opportunity."

Stephen Delaney, partner at Bowmark, said: "Since 2016, Bowmark has worked closely with Andrew Gilbert and his team to broaden the company's product offering, enhance the business platform and accelerate growth.

"The exceptional quality of Node4's people, infrastructure and technical expertise will ensure that the company continues its strong record of success with its new financial partner in what is a dynamic and rapidly growing market."