Integris joins OMERS portfolio as it plans growth in the fast-evolving managed services sector
OMERS Private Equity has signed a definitive agreement to acquire a majority stake in Integris, a provider of outsourced IT, cloud, and cybersecurity services for small and medium-sized businesses in the US.
Integris, headquartered in New Jersey, operates nationally through offices on the East Coast, Midwest, and South. The terms of the transaction, which is set to close this December, have not been disclosed.
The acquisition represents OMERS Private Equity’s entry into the managed services provider (MSP) sector, a growing industry delivering IT services to small and medium-sized businesses.
OMERS plans to support Integris in sustaining its profitable growth trajectory through organic expansion and strategic acquisitions.
Eric Haley, senior managing director and head of Buyout at OMERS Private Equity, described Integris as “a world-class platform that excels in delivering expert outsourced IT services and customer support in an industry with significant growth potential.”
Haley emphasized that the investment aligns with OMERS' strategy of enhancing its business services portfolio, leveraging Integris' strong customer-centric reputation.
Geoffrey Bird, managing director and head of Business Services at OMERS Private Equity, highlighted the importance of Integris' leadership team in maintaining continuity and delivering exceptional service.
Bird noted that OMERS is “excited to welcome Integris to our portfolio to continue building on what is already an impressive culture, platform, and strategy.”
Integris' leadership expressed confidence in the partnership with OMERS.
Founder and CEO Rashaad Bajwa stated, “With OMERS proven track record of scaling its portfolio companies, we are confident in our ability to drive continued growth and success for Integris.”
Bajwa also acknowledged Frontenac’s contribution over the past four years.
President and COO Glenn Mathis added that OMERS’ cultural alignment and shared vision will help Integris expand its national footprint and serve a larger customer base.
Legal counsel for Integris and Frontenac was provided by DLA Piper, while financial advisory services were handled by Baird. OMERS Private Equity was represented by Cravath, Swaine & Moore LLP.
