#USA #Cybersecurity #Magna5 #AEA Investors #Canonsburg

AEA Partners with Magna5 to Accelerate IT Managed Services Growth

In a significant move aimed at enhancing the capabilities of the IT managed services sector, AEA Investors' Small Business Private Equity team has announced a majority investment in Magna5, a notable provider of managed IT services, cybersecurity, and cloud solutions targeting small to mid-sized businesses (SMBs) across the United States. This investment marks a pivotal moment for Magna5 as it seeks to expand its national platform and enhance its service offerings in today’s rapidly evolving digital landscape.

Magna5, headquartered in Canonsburg, Pennsylvania, has established itself as a trusted ally for SMBs in various sectors, including healthcare, financial services, manufacturing, and education. The company prides itself on delivering 24/7 IT support alongside advanced cybersecurity monitoring and compliance-driven technology services. With a customer base exceeding 1,700 clients, Magna5 positions itself as a strategic partner for businesses navigating the complexities of IT management in a time of increasing cyber threats and regulatory scrutiny.

Dan Schorr, a partner on the AEA SBPE team, remarked, "Magna5 is operating at the heart of one of the fastest-growing segments of the IT services market, where heightened cybersecurity risk and increasing regulatory requirements are driving accelerating demand for trusted full-stack technology partners." He further emphasized that Magna5's successful history of delivering industry-leading outsourced security and compliance solutions positions the company perfectly to meet the growing needs of SMBs in this dynamic environment.

As Magna5 embarks on this new chapter, it will continue to be under the leadership of CEO Bob Farina and his dedicated team. Notably, Chris Claudio, the former CEO of Logically, will join the company’s Board as an Executive Partner. Claudio brings over two decades of experience within the managed IT and cybersecurity sectors, promising to inject valuable strategic insight into Magna5's operations.

Farina expressed his enthusiasm about the partnership, stating, "We are thrilled to partner with AEA as we enter the next phase of Magna5's growth. Over the past few years, we have significantly broadened our platform, integrating nine new companies, expanding our national footprint, achieving CMMC Level 2 certification, and launching our Pentaguard security framework. With AEA's support, we are well-positioned to build on this momentum, enhance our security and compliance offerings, broaden our AI-enabled capabilities, and continue delivering the reliable, high-quality support our customers expect."

This partnership underscores the relentless demand for comprehensive IT services as businesses increasingly seek to fortify their cybersecurity measures and ensure compliance within their operations. As cyber threats evolve, the necessity for trusted technology partners becomes paramount, and Magna5 appears ready to scale its services to meet these challenges head-on. With the backing of AEA Investors, the future looks promising for Magna5 as it aims to provide the exceptional technology solutions that its customer base relies on.

About AEA Investors
Founded in 1968, AEA Investors has built a vast and influential global network, managing approximately $18 billion in invested and committed capital across a wide array of industries. The firm operates with a distinct focus on strengthening the middle market and small business sectors, leveraging its rich history to foster growth and innovation.

About Magna5
Magna5 specializes in delivering managed IT services, cybersecurity solutions, cloud hosting, and compliance services tailored for SMBs and mid-market clients. Committed to addressing the unique challenges of its diverse clientele, Magna5 continues to expand its national presence through strategic acquisitions and partnerships.