July 12, 2021
LNC Partners Invests in Cantey Tech Consulting
Charleston, SC – July 12, 2021. Cantey Tech Consulting (“Cantey Tech”) and its subsidiary Cantey EDU are thrilled to announce that they have received a significant investment from LNC Partners, a private equity firm focused on growing mid-market business services companies. Cantey Tech is a leading IT managed service provider (“MSP”) for small and mid-sized businesses in the southeast United States. Cantey EDU is a national provider of IT support services to the education market. President and CEO Willis Cantey will continue to lead Cantey Tech, which he founded in 2007.
Cantey Tech provides a broad offering of IT managed services, including IT consulting services, help desk support, data security, cloud management, backup and disaster recovery, hosting, application support and vendor management. The company is based in Charleston, South Carolina with team members across the United States and leverages its local focus and presence to provide a high level of responsive support to small and mid-sized businesses across a wide range of industries. Cantey Tech’s team, including its Virtual CIOs, takes the time to carefully understand each client’s business goals and objectives, then develops a customized technology plan and budget to maximize their success. Cantey Tech is one of the few companies to make the Inc. 5000 list of the fastest-growing private companies in America for nine straight years, was recognized as a Best Places To Work In South Carolina, is listed in the Next Gen 250 MSP by CRN Magazine, and recently was recognized as the #54 MSP by Channel Futures Magazine.
The investment from LNC Partners provides Cantey Tech with significant resources to accelerate its growth strategy, which includes the acquisition of other managed service providers throughout the southeast. LNC’s commitment of both additional capital and its expertise and strategic resources will allow Cantey Tech to efficiently pursue acquisitions.
Willis Cantey, President and CEO of Cantey Tech, noted, “We founded Cantey Tech fourteen years ago with a focus on providing clients with the most responsive and highest level of IT support and employees with an exciting career path alongside amazing colleagues who love helping people with technology. We are thrilled to have found a partner in LNC that shares those goals and fully supports our existing team and strategy. LNC’s flexible capital and strategic support will fuel our next stage of growth and allow us to continue to improve our client and employee experiences.”
Kevin Cunningham, Managing Director of LNC Partners, noted, “We have been very impressed with Willis Cantey and the Cantey team, and are excited to partner with them toward the company’s continued growth. Cantey Tech has clearly distinguished itself through the depth of its management team, positive company culture, and world-class systems and operating practices, which are attributes that have contributed to its strong customer relationships and long-history of success.”
FOCUS Investment Banking, a national middle market investment banking firm, represented Cantey Tech in this transaction.
About LNC Partners
LNC Partners is a private equity firm focused on assisting middle market companies achieve their potential by offering strategic support and flexible capital in the form of equity (majority or minority positions) and debt. The firm is based in Northern Virginia and has over $500 million of capital under management. LNC Partners invests across a broad range of service industries and typically provides between $5 million to $35 million of capital to companies that generate at least $2 million of EBITDA. More information on LNC Partners can be found at www.LNC-Partners.com.
About Cantey Technology Consulting
Cantey Tech is a leading IT managed service provider (“MSP”) for small and mid-sized businesses in the southeast United States. Cantey Tech’s broad service offering includes cloud server management and backup, help desk support, hosting, data security and IT consulting services. Cantey Tech is one of the few companies to make the Inc. 5000 list of the fastest-growing private companies in America for nine straight years, was recognized as a Best Places To Work In South Carolina, is listed in the Next Gen 250 MSP by CRN Magazine, and recently was recognized as the #54 MSP by Channel Futures Magazine. More information can be found at www.canteytech.com.
About Cantey EDU
Cantey EDU provides a broad range of IT support services primarily for the K12 education market, including providing planning, training, testing, logistics, hardware and other services to support both standardized assessment testing and the management of student information systems with extensive expertise in PowerSchool.
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