Integris Forms Strategic Alliance with OMERS Private Equity for Expansion and Growth

Integris Partners with OMERS Private Equity for Strategic Growth

In a significant move to enhance its market reach and operational capacity, Integris, a rising IT Managed Service Provider, has announced a pivotal partnership with OMERS Private Equity, a prominent name in institutional investment. Integris, which has rapidly established itself as a player in the IT industry since its inception in 2021, is poised to leverage OMERS' financial backing to further its strategic growth initiatives.

Integris has garnered attention for its swift development and recognition among the fastest-growing IT MSPs in the United States. With a focus on creating tailored, industry-specific IT strategies, this collaboration aims to not only bolster Integris' acquisition strategy but also enhance its existing services through organic growth and investment in its workforce — the core of its operational success.

Glenn Mathis, the President and Chief Operating Officer of Integris, expressed his enthusiasm for this alliance, stating, "I am honored to announce this partnership and look forward to seeing how we grow together. Integris has remained focused on growth that benefits our people and our clients." Mathis noted the alignment of values between Integris and OMERS, particularly regarding their mutual commitment to nurturing the workforce at the companies they invest in.

Prior to joining forces with OMERS, Integris had a fruitful four-year relationship with Frontenac, a Chicago-based private equity firm. This earlier partnership facilitated remarkable growth, highlighted by a strategic merger of four companies and additional acquisitions that have fortified Integris' position in the market.

"As we embark on our next chapter, having the right partner is key to our continued success. With OMERS' proven track record of scaling its portfolio companies, we are confident in our ability to drive continued growth for Integris," said Rashaad Bajwa, Founder and Chief Executive Officer of Integris, emphasizing the importance of this partnership.

The strategic investment from OMERS signifies their first foray into the IT Managed Service Provider sector. Eric Haley, Senior Managing Director and Head of Buyout at OMERS Private Equity, praised Integris, noting its capability to deliver high-quality outsourced IT services while positioning itself in a sector poised for significant growth.

OMERS' investment will not only support Integris in scaling its operations, but it will also further enhance its reputation as a customer-centric service provider in the industry. Geoffrey Bird, Managing Director and Head of Business Services for OMERS Private Equity, reiterated the organization's commitment to sustaining Integris' established culture and robust operational strategy.

The transaction is anticipated to finalize in December 2024, with DLA Piper serving as legal counsel and Baird acting as financial advisor for Integris. OMERS has brought in Cravath, Swaine & Moore LLP as its legal advisor for this agreement. The financial specifics, however, remain undisclosed.

Integris is dedicated to providing small and mid-sized businesses with comprehensive IT solutions tailored to their specific needs. Leveraging a network of service offices across the nation, they ensure responsiveness, security, and regulation compliance, all while maintaining the personal touch of local service. Their ongoing commitment to excellence is evident in their frequent appearances on the Inc. 5000 list of fastest-growing companies.

In parallel, OMERS, managing C$128.6 billion in net assets as of the end of 2023, aims to capitalize on this partnership to enhance their portfolio in the business services and technology domains. The collaboration is not just about financial investment; it is about cultivating a robust framework for operational excellence that can propel both parties to new heights in an evolving marketplace.