Renovus Capital Partners, a private equity firm based in the Philadelphia area, is excited to announce its majority investment in Performive, a leading provider of managed IT services for mid-market enterprises. The investment will enable Performive to accelerate its growth across product innovation, customer experience enhancement, partner enablement, and other strategic initiatives.
Founded in 2005, Performive is a managed services provider focused on cloud services, infrastructure services, and cybersecurity. The Company prides itself on offering mission critical services to its thousands of customers, helping them scale, secure their environments, and optimize their operations, and is well-recognized in the industry for its technical expertise and exceptional service.
The strategic investment from Renovus will enable Performive to continue to build out its solution offerings, grow its best-in-class team, and pursue acquisitions that align with its commitment to delivering high value, customer-focused services.
Also Read: Siemens Boosts Industrial Software and AI Leadership with Altair Acquisition
“We’re incredibly proud of the foundation we’ve built at Performive and excited for what’s ahead,” said Gary Simat, Co-Founder and CEO of Performive. “This partnership with Renovus is a pivotal moment that will fuel our continued innovation and allow us to enhance the customer experience and drive greater value for our clients. With this investment, we’re ready to accelerate our goal of becoming a leading MSP serving mid-market enterprises across the U.S.”
“We built a thesis on investing in differentiated MSPs with highly recurring revenue, critical service offerings, and a relentless focus on customers, and Performive fits this profile perfectly,” said Jason Tanker, Managing Director at Renovus. “We see tremendous growth potential in Performive’s platform and are excited to partner with the team to accelerate the company’s expansion, both organically and inorganically.”
Performive is Renovus‘ first platform out of Renovus IV, which launched in October 2024 with $875 million of total commitments.
Layer 7 Capital served as exclusive financial advisor and McDermott Will & Emery served as legal counsel for Performive. DLA Piper served as legal counsel for Renovus.
SOURCE: PRNewswire