DENVER–New Charter Technologies LLC, a portfolio company of Palo Alto, Calif.-based private equity firm Oval Partners, recently announced a partnership with DS Tech, a managed IT provider based in Escanaba.
DS Tech has been serving the Michigan and Wisconsin area since 1976, providing services including IT support, cybersecurity, disaster recovery, voice services, and cloud hosting, to small and medium-sized businesses.
For Eric Wakkuri, president at DS Tech, the recently formed partnership with New Charter represents a significant step forward for the company.
“This strategic alliance will drive growth, further improve the customer experience, and enhance the capabilities of the organization,” Wakkuri said. “Our commitment to continuous improvement and service delivery is unwavering. The partnership with New Charter provides us access to a larger, more skill-diversified team and their innovative ideas, and enables us to achieve even greater success. Our shared values are a key component of this collaboration, ensuring a harmonious and productive partnership.”
Wakkuri said the partnership will give DS customers access to a larger team delivering a wider range of services, along with New Charter’s cybersecurity offerings through another New Charter partner, Redding, Calif.-based Cyber74, as well as web development and marketing services.
New Charter Technologies CEO Mitch Morgan said DS “definitely fits the New Charter profile of best-in-class managed services providers in so many ways. They have a very strong commitment to client satisfaction and a focus on excellence in all that they do. We believe that New Charter represents a great home and offers a growth path to their outstanding group of tenured employees.”
DS Tech, founded in 1976 as Delcomp, will remain headquartered in Escanaba and will continue to be led by the same leadership team. It provides managed IT services, cloud technology, business phone systems, network security, video surveillance, and disaster recovery. More at www.dstech.net or call (906) 786-3583.
New Charter Technologies serves small-to-medium sized businesses in more than 10 industries across North America. More at newchartertech.com.
Oval Partners is a multi-family office investment firm designed to provide liquidity, growth, capital and acquisition funding to founders of growing businesses across North America. Oval’s capital base is permanent—it is committed, unencumbered and unconstrained in terms of holding period. Oval offers the capabilities and capital of a private equity fund, but the mentality, partner orientation and investment time frame of a private holding company. Oval’s principals have completed more than 100 transactions involving platform investments, acquisitions, exits, and refinancings. Oval focuses on making investments in the tech-enabled services, information services, internet, software and software-as-a-service, and industrial technology markets. More at ovalpartners.com.