Nexus IT Secures $60M Investment to Accelerate Founder-Led, Values-Driven MSP/MSSP Expansion
The Floridant/10307245

~ Nexus IT, a leading Managed Services and Cybersecurity provider, has announced a major capital commitment of $60 million from Metropolitan Partners Group in partnership with Diatonic Healthcare. This investment will support Nexus IT's growth strategy on a national level and facilitate the acquisition of culturally aligned managed service providers (MSPs) that share their vision of exceptional client service and operational excellence. The focus will be on industries such as healthcare, finance, and legal that require high levels of regulation.

This significant capital commitment marks a crucial milestone in Nexus IT's journey to establish a next-generation M&A platform that sets it apart from traditional investor rollups. Instead of solely pursuing growth at any cost, Nexus IT is taking a founder-led and mission-aligned approach to expand its operations. This approach prioritizes long-term value creation, cultural fit, and client-centric innovation.

Founder and CEO of Nexus IT, Earl Foote, expressed his excitement about the partnership with Metropolitan Partners Group stating, "The capital from Metropolitan Partners Group enables us to grow with intention – not just faster but better. We're not chasing volume; we're building a platform rooted in shared values, leadership continuity, and a belief in our mission that the IT experience should be as exceptional as the technology itself."

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In addition to providing financial support, Metropolitan Partners Group brings deep operational expertise to the table. The firm's commitment to strategic alignment and values-based growth makes it an ideal partner for Nexus IT as it scales its M&A efforts while preserving the leadership integrity and cultural DNA of the companies it acquires.

Richard Lin, Managing Director at Metropolitan Partners Group also expressed his enthusiasm for this partnership saying, "We are excited to partner with Earl and his team at Nexus to grow a market-leading MSP. Nexus has created a scalable platform for multiple acquisitions, and we are impressed with the company's focus on purposeful growth and track record of success. It is exactly the type of founder-owned and operated business that Metropolitan seeks to fund."

Foote added, "Together, we're creating a new model for sustainable growth in the IT services industry – one where people, performance, and purpose drive every decision." The investment from Metropolitan Partners Group will be used by Nexus IT to continue acquiring and integrating MSPs that exemplify strong client and employee relationships, industry expertise, and a commitment to service excellence. With several deals already in the pipeline, the company anticipates a significant expansion of its U.S. footprint over the next three years.

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