#Canada #Toronto #Private Equity #Alphi Capital #Eastbay Technologies

Alphi Capital's Strategic Partnership with Eastbay Technologies

On January 9, 2025, Alphi Capital, a private equity firm based in Toronto, announced its partnership with Eastbay Technologies Inc. This collaboration aims to bolster growth within the managed IT services sector. Founded in 1999 by Jeff Ridout, Eastbay has established its reputation as a go-to provider of project consulting and managed IT solutions, primarily targeting small and medium-sized businesses.

The headquarters of Eastbay, located in Toronto, has enabled the company to form strong ties with key vendors in the IT industry. Their impressive portfolio includes partnerships with leading hardware, software, and service suppliers, allowing them to meet clients' diverse needs effectively. Eastbay's commitment to quality manifests in their ISO certifications and their dedication to high levels of customer service, distinguishing them as a leader in the competitive managed IT services market.

Jeff Ridout expressed enthusiasm about the new chapter for Eastbay, highlighting the alignment of values and vision with Alphi Capital. He stated, "I am thrilled to have partnered with Alphi Capital, marking a significant step forward in our company's growth. Their strategic vision aligns with our commitment to delivering exceptional value to our customers, employees, and stakeholders. This partnership provides exciting opportunities, and I am confident that we will achieve even greater success together."

Thecla Sweeney, a partner at Alphi Capital, echoed Ridout’s sentiments, emphasizing Eastbay’s unique positioning in the managed IT services space. She reiterated Alphi's commitment to facilitating Eastbay's growth, both organically and through potential acquisitions. This partnership not only reflects Alphi's strategy but also their ongoing dedication to enhancing value creation through innovation and strategic investments.

Alphi Capital was founded in 2022 and is focused on the Canadian lower middle market, specifically targeting business services and value-added distribution. Their approach leverages data analytics and talent investment, executed through structured go-to-market strategies, which aligns with Eastbay's mission to provide superior technology solutions.

As businesses increasingly rely on technology, the demand for managed IT services continues to grow. Eastbay, recognized as a top 100 solutions provider in Canada, is well-equipped to expand its reach and impact. With a robust team of technical consultants and sales professionals, they are ready to address the evolving needs of private, public, and non-profit sectors.

In summary, the partnership between Alphi Capital and Eastbay Technologies heralds a new era of growth and innovation in the managed IT services market. By combining their strengths, both firms are poised to drive significant advancements and deliver value to a large clientele across Canada. With shared goals and a forward-thinking approach, this collaboration aims to set new standards in service delivery within the technology sector.

This partnership represents a culmination of strategic foresight and shared commitment to excellence, positioning both firms for successful endeavors in the times to come.