Harvest Companions LP has introduced the sale of Service Specific, a supplier of information middle providers, to the non-public fairness agency Warburg Pincus. Service Specific, primarily based in Grand Rapids, Michigan, specialises in third-party, post-warranty upkeep and managed providers for information facilities, serving purchasers throughout six continents. The sale passed off on August 15, although the businesses didn’t disclose the phrases of the deal.
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Service Specific’s Progress
Service Specific presents providers that preserve and lengthen the lifetime of mission-critical information middle tools. With areas throughout the US and Europe, Service Specific serves finish prospects on six continents.
Harvest Companions mentioned below its possession since 2019, Service Specific has considerably expanded its international attain by a mixture of natural progress and acquisitions, together with a serious enlargement into Europe. The corporate has additionally broadened its service choices to incorporate hybrid cloud options.
Strategic Transfer
“We’re excited to associate with Warburg Pincus as we glance to speed up the expansion of our enterprise and meet the growing calls for of our shopper base,” mentioned Service Specific. “We want to thank Harvest Companions for his or her partnership over the previous 5 years, serving to us considerably develop our income and footprint by further providers and enlargement throughout the US and into the UK.”
“Service Specific is a perfect match inside our portfolio as a scaled, best-in-class information middle providers platform throughout the rising marketplace for mission-critical aftermarket providers,” mentioned Warburg Pincus.
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Warburg Pincus
Warburg Pincus is an investor in industrial and know-how providers, with notable investments together with Encora, Endurance Worldwide, eSentire, Evolution Knowledge Facilities, IONOS, Allied Common, Aramark, Princeton Digital Group, and Service Logic, the official launch mentioned.
