CHICAGO, ILL. – Prospect Partners, a leading private equity firm investing in pre-middle market companies, announced its recapitalization, with management, of Entech Computer Services (“Entech”), based in Fort Myers, FL.
Entech is a leading managed technology and cybersecurity services provider offering a full suite of IT solutions to small and medium-sized companies in the Southwest Florida region. The company’s technology solutions deliver best-in-class customer service, rapid response times and advanced security protection to customers in a diverse array of industries and verticals where IT reliability and security are mission critical. Entech, headquartered in Fort Myers with branches in Bradenton, Naples and Bonita Springs, is dedicated to being growth-oriented, customer-centric, civic-minded, and committed to doing what matters—a motto that Entech employees live by every day. Entech’s experienced management team, led by Jake Spanberger, Buddy Martin, David Spire and Jeremy Stakely, will continue to direct the company.
“Entech is a highly respected organization with an unmatched reputation and market-leading position in the Southwest Florida market. The company has built an industry-leading and scalable model based on superior customer service and providing advanced technology and security solutions to its customers,” said Brad O’Dell, a Partner at Prospect Partners. “We believe Entech is uniquely positioned for growth and look forward to supporting management as they continue to scale the company and expand its regional presence,” added Mike McInerney, a Director at Prospect Partners.
Said Entech CEO Jake Spanberger: “This is an exciting time for Entech as we continue to grow our business in Southwest Florida and beyond. When considering our next phase of growth, Prospect Partners’ long history of supporting growing, entrepreneurial services businesses and commitment to true partnership stood out to us. We believe our new partnership will prove valuable as we go forward and pursue our growth initiatives.”
Entech becomes Prospect Partners’ 55th portfolio company. FOCUS Investment Banking, a Vienna, Virginia-based mergers and acquisitions firm, advised in this transaction. Freeport Financial Partners provided senior debt financing; its third financing of a Prospect Partners’ portfolio company.
Leading the investment from Prospect Partners are Brad O’Dell, as Chairman, and Mike McInerney as a Director. The company is actively seeking managed services add-on acquisitions, so please reach out to Mr. O’Dell (bodell@prospect-partners.com) or Mr. McInerney (mmcinerney@prospect-partners.com) with opportunities.
About Prospect Partners
Founded in 1998, Prospect Partners is an active investor and builder of pre-middle market companies. Prospect focuses on partnering with management teams to complete recapitalizations, build-ups, carve-outs and generational transitions. The Prospect team brings deep domain expertise building high potential companies through both operational improvements and acquisitions. For more information, please visit www.prospect-partners.com.