LightBay Capital, a Los Angeles-based private equity firm, has partnered with Centre Technologies, a Texas-based managed services provider.
The investment will provide Centre with additional capital and strategic resources to expand its go-to-market efforts, enter new geographies and service lines, deepen its AI, cloud, and cybersecurity capabilities and accelerate acquisitions in the MSP market. Centre Technologies delivers managed IT, AI, cloud, cybersecurity, business intelligence and IT consulting services to more than 750 active clients across Texas and Oklahoma. The company primarily serves regulated end markets. Centre was founded by CEO Chris Pace, who will continue to lead the business alongside the existing management team.
Guggenheim Securities served as financial advisor to Centre, while Troutman Pepper Locke acted as legal counsel. Houlihan Lokey Capital advised LightBay on the transaction, and Ropes & Gray provided legal counsel to the private equity firm.