Harvest Companions LP has introduced the sale of Service Categorical, a supplier of information middle providers, to the non-public fairness agency Warburg Pincus. Service Categorical, based mostly in Grand Rapids, Michigan, specialises in third-party, post-warranty upkeep and managed providers for information facilities, serving shoppers throughout six continents. The sale happened on August 15, although the businesses didn’t disclose the phrases of the deal.
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Service Categorical’s Progress
Service Categorical affords providers that keep and prolong the lifetime of mission-critical information middle gear. With areas throughout the USA and Europe, Service Categorical serves finish clients on six continents.
Harvest Companions stated underneath its possession since 2019, Service Categorical has considerably expanded its world attain by way of a mix of natural development 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 companion with Warburg Pincus as we glance to speed up the expansion of our enterprise and meet the rising calls for of our shopper base,” stated Service Categorical. “We wish to thank Harvest Companions for his or her partnership over the previous 5 years, serving to us considerably develop our income and footprint by way of further providers and enlargement throughout the US and into the UK.”
“Service Categorical is a perfect match inside our portfolio as a scaled, best-in-class information middle providers platform inside the rising marketplace for mission-critical aftermarket providers,” stated Warburg Pincus.
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Warburg Pincus
Warburg Pincus is an investor in business and expertise providers, with notable investments together with Encora, Endurance Worldwide, eSentire, Evolution Information Facilities, IONOS, Allied Common, Aramark, Princeton Digital Group, and Service Logic, the official launch stated.
