A national record of lower middle market ownership transitions, the verified independent sponsors that have bought companies like them, and the capital observed financing those deals. Facts, inferences and estimates are labelled as such, with the source and the date, on every row.

Sector

Tech-enabled services

64 confirmed transactions read in this sector, 7 of them in the last twelve months, from 25 named buyers. 9 capital providers are named on those deals. The company universe behind it is 6,049 privately held employers.

Latest deal Jun 25, 2026
5 verified independent sponsors · 6 deals with the capital named
Who is consolidating this sector
  1. 9Thriveoperating company or platform2021 to 2023
  2. 7Dataprise, LLCoperating company or platform2022 to 2024
  3. 6New Charter Technologiesoperating company or platform2024 to 2026 · 2 in 12 months
  4. 4HiGroverified independent sponsor2018 to 2021

Deals DFX has read in this sector only. A buyer active in several sectors counts once here per sector, and its own page carries the whole chronology with the announcement behind each row.

What closed here, and who paid for it
  1. Jun 25, 2026Platform acquisitionconfidence 70%
    Achieve Partners acquired Celito Tech, Inc. (Palo Alto, CA)
    Abacus Finance Group, LLC · Lender
    Abacus Finance Group provided senior debt financing to support Achieve Partners' investment in Celito Tech, Inc.
    DFX analyst research (General-assisted, every claim URL-cited) abacusfinance.com
  2. May 27, 2026Unknownconfidence 90%
    MaxWave Capital Inc. acquired Arken Innovations Inc.
    MaxWave Capital Inc. ("MaxWave") today announced a strategic investment in Arken Innovations Inc. ("ARKEN"), a Canadian deep-tech company building industrial decision intelligence through its proprietary Knowledge Fusion Engine.
    DFX analyst research (General-assisted, every claim URL-cited) prnewswire.com
  3. Apr 16, 2026Add onconfidence 90%
    New Charter Technologies acquired GraVoc (MA)
    New Charter Technologies adds Massachusetts-based GraVoc, a technology solutions provider with approximately 80 employees and about 1,000 clients.
    DFX analyst research (General-assisted, every claim URL-cited) prnewswire.com
  4. Jan 13, 2026Add onconfidence 90%
    New Charter Technologies acquired Netsource One, Inc. (Saginaw, MI)
    NetSource One, a Michigan-based technology solutions provider serving regulated and security-conscious organizations, has joined the New Charter platform.
    DFX analyst research (General-assisted, every claim URL-cited) prnewswire.com
  5. Nov 4, 2025Platform acquisitionconfidence 45%
    Catchment Capital, L.P. acquired Fidus Systems
    Stellus Capital Management · Equity providerStellus Capital Management · Lender
    Stellus Capital Management, LLC ("Stellus") announced today that its affiliates participated in providing senior debt financing and an equity co-investment in support of Catchment Capital's ("Catchment") investment in Fidus Systems.
    DFX analyst research (General-assisted, every claim URL-cited) stelluscapital.com
  6. Oct 16, 2025Strategic acquisitionconfidence 70%
    Technical Doctor acquired MD Technology Services LLC (Oak Park, IL)
    Sun Acquisitions announces successful sale of MD Technology Services LLC to Technical Doctor of Palatine, IL.
    DFX analyst research (General-assisted, every claim URL-cited) sunacquisitions.com
  7. Oct 9, 2025Strategic acquisitionconfidence 85%
    Forterra (named in the announcement; no firm record yet) acquired Gotenna (Jersey City, NJ)
    Lowenstein Sandler represented goTenna, a pioneer in tactical mesh networking solutions, in its acquisition by Forterra, a leader in autonomous mission systems. (buyer: Forterra)
    DFX analyst research (General-assisted, every claim URL-cited) lowenstein.com
  8. Aug 11, 2025Add onconfidence 85%
    P2G Capital acquired Solution Sources Programming (SSP) (San Jose, CA)
    P2G Capital Announces the Add-On Acquisition of SSP as First Expansion of Circuit Check Platform
    DFX analyst research (General-assisted, every claim URL-cited) p2gcapital.com
  9. Jul 1, 2025Strategic acquisitionconfidence 85%
    Gravitee (named in the announcement; no firm record yet) acquired Datawire, Inc. (Boston, MA)
    Ambassador Labs (Insight Partners-backed); the record departure (2024) precedes the July 2025 acquisition, a fourth pre-transaction plan end in the sample (buyer: Gravitee)
    DFX analyst research (General-assisted, every claim URL-cited) gravitee.io
  10. Jun 24, 2025Platform acquisitionconfidence 70%
    Clarion Capital Partners, LLC acquired International Cybernetics Company (Largo, FL)
    Stellus provided senior debt financing and an equity co-investment in support of Clarion Capital Partners' investment in International Cybernetics (ICC).
    DFX analyst research (General-assisted, every claim URL-cited) stelluscapital.com
  11. Jun 10, 2025Add onconfidence 90%
    EqualizeRCM acquired Management Resource Group, LLC (Atlanta, GA)
    EqualizeRCM acquires Management Resource Group, LLC to strengthen multispecialty RCM capabilities and expand its regional footprint.
    DFX analyst research (General-assisted, every claim URL-cited) prnewswire.com
  12. Apr 10, 2025Add onconfidence 90%
    Magna5 acquired Shock IT (Bristol, PA)
    Magna5 acquires Shock IT, expanding its managed IT and cybersecurity capabilities in the Mid-Atlantic region.
    DFX analyst research (General-assisted, every claim URL-cited) prnewswire.com
  13. Apr 1, 2025Platform acquisitionconfidence 90%
    Kingswood Capital Management, L.P. acquired Identity Theft Guard Solutions, Inc. (Beaverton, OR)
    Stellus provided unitranche financing in support of Kingswood Capital Management's acquisition of Portland, Oregon-based IDX.
    DFX analyst research (General-assisted, every claim URL-cited) stelluscapital.com
  14. Dec 3, 2024Add onconfidence 90%
    Magna5 acquired Threatadvice, LLC (Birmingham, AL)
    Magna5 expands its managed security services and geographic footprint with the strategic acquisition of ThreatAdvice.
    DFX analyst research (General-assisted, every claim URL-cited) prnewswire.com
  15. Oct 16, 2024Platform acquisitionconfidence 90%
    Achieve Partners acquired Ascend Partners (Philadelphia, PA)
    Abacus Finance Group, LLC · Equity providerAbacus Finance Group, LLC · Lender
    Abacus Finance provided senior debt financing to support Achieve Partners' leveraged buyout of Ascend Partners.
    DFX analyst research (General-assisted, every claim URL-cited) abacusfinance.com
  16. Oct 2, 2024Add onconfidence 90%
    Dataprise, LLC acquired 360IT Partners (Virginia Beach, VA)
    Dataprise, a portfolio company of Trinity Hunt Partners, expands its East Coast footprint with the acquisition of Virginia Beach-based 360IT Partners, a managed IT services provider serving approximately 130 clients.
    DFX analyst research (General-assisted, every claim URL-cited) prnewswire.com
  17. Oct 1, 2024Add onconfidence 90%
    New Charter Technologies acquired Netropole, Inc. (Portland, OR)
    New Charter Technologies welcomes Portland, Oregon-based Netropole as its latest partner, expanding its national footprint.
    DFX analyst research (General-assisted, every claim URL-cited) prnewswire.com
  18. Sep 10, 2024Platform acquisitionconfidence 90%
    DFW Capital Partners acquired B&a (McLean, VA)
    Stellus provided unitranche financing and an equity co-investment in support of DFW Capital Partners' investment in McLean, Virginia-based B&A.
    DFX analyst research (General-assisted, every claim URL-cited) stelluscapital.com
  19. Aug 13, 2024Add onconfidence 90%
    New Charter Technologies acquired Dynamic Edge, Inc. (Ann Arbor, MI)
    New Charter Technologies, a portfolio company of Oval Partners, welcomes Ann Arbor-based Dynamic Edge to its platform.
    DFX analyst research (General-assisted, every claim URL-cited) prnewswire.com
  20. Aug 1, 2024Add onconfidence 90%
    Dataprise, LLC acquired Phoenix IT (Phoenix, AZ)
    Dataprise acquires Phoenix IT, adding cyber incident response and remediation services and an Arizona regional MSP office.
    DFX analyst research (General-assisted, every claim URL-cited) prnewswire.com
  21. Jun 15, 2024Platform acquisitionconfidence 70%
    Amit Jain (independent sponsor) acquired Industrial Quick Search (Grand Rapids, MI)
    Industrial Quick Search of Grand Rapids, MI was acquired by Amit Jain, an independent sponsor based in Richmond, VA, with Calder Capital as sell-side advisor.
    DFX analyst research (General-assisted, every claim URL-cited) caldergr.com
  22. Jun 13, 2024Minority investmentconfidence 90%
    Borgman Capital acquired Continuus Technologies, LLC (Grafton, WI)
    Godfrey & Kahn s.c. · Counsel
    Private equity firm Borgman Capital announced it has made a growth equity investment in Continuus Technologies, a data engineering and cloud consulting company based in Milwaukee.
    DFX analyst research (General-assisted, every claim URL-cited) borgmancapital.com
  23. May 2, 2024Add onconfidence 90%
    Dataprise, LLC acquired Hooks Systems (Wilmington, NC)
    Dataprise expands its East Coast footprint with the acquisition of North Carolina-based Hooks Systems, an IT services provider serving 165 clients.
    DFX analyst research (General-assisted, every claim URL-cited) prnewswire.com
  24. May 2, 2024Add onconfidence 90%
    New Charter Technologies acquired Bnmc (Woburn, MA)
    New Charter Technologies brings Massachusetts-based BNMC into the fold.
    DFX analyst research (General-assisted, every claim URL-cited) prnewswire.com
  25. Jan 23, 2024Add onconfidence 90%
    New Charter Technologies acquired Computer Transition Services, Inc. (Lubbock, TX)
    New Charter Technologies brings on Lubbock-based managed IT provider CTSI.
    DFX analyst research (General-assisted, every claim URL-cited) prnewswire.com

The names under each deal are the parties the announcement itself printed, in the role it gave them. Most announcements name the buyer and not the lenders, which is why 6 of 64 deals here carry capital.

Independent sponsors buying here

Firms that cleared the verified-sponsor evidence and bought a company in this sector, most recent first.

Other buyers on these deals

Funds, strategics, holding companies and firms DFX has not verified as independent sponsors. They are named because an announcement named them as the buyer.

The capital that shows up here

Lenders and equity providers named beside a sponsor on a deal in this sector, by deals read.

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