M/C Partners, a Boston-based communications and IT services-focused private equity firm, has acquired the managed services division of West Monroe Partners, a Chicago-based business and technology consultancy. The acquisition closed on Dec. 30. Wayne Kiphart has been appointed CEO and will be responsible for driving the company’s growth and long-term returns for stakeholders.
“I am excited to join the talented team at West Monroe Managed Services and to lead the company in this next chapter of growth,” Kiphart said in a statement. “Our focus will continue to be on driving the highest satisfaction for our customers – some of whom have been customers for over 10 years – through additional investments in service delivery and IT capabilities. Over the next few months, I will spend considerable time with our customers to better understand their needs so that we can continue to deliver services that help them be successful. We also plan to launch a new brand, including a company name. It’s an exciting time for both myself and for our employees, who will now have a greater ability to impact the future of this organization.”
Kiphart joins West Monroe Managed Services from Gratia, a cybersecurity-focused MSP
As West Monroe Managed Services’ primary financial investor, M/C Partners plans to contribute its extensive experience in the technology and communications services markets. M/C has been an investor in this sector for more than two decades, having previously invested in Thrive Networks, Involta, Ensono, Fusepoint, Attenda, Denovo, Carbon60 and others. Legal counsel for M/C Partners was provided by Choate, Hall & Stewart LLP.