**FOR IMMEDIATE RELEASE**
October 7, 2024
Syosset, New York – Sea Pine Equity Partners (“Sea Pine”), a lower middle market private equity firm focused on the service sector, is pleased to announce the acquisition of Hi-Tek Data Holdings, LLC (“Hi-Tek Data”), a premier managed service provider (MSP) that delivers Managed IT Support, Managed IT Security, Cloud Solutions, and other services to businesses in the New York tri-state area. The acquisition was completed in partnership with Preserving Trust and CEO Adam Hartley and further supported by investment from Harbert Credit Solutions, Route 2 Capital Partners and SharpVue Capital.
Bill Hobbs, Mike Williams, and Chris Claudio, the Sea Pine team supporting the acquisition, stated, “Hi-Tek Data has demonstrated remarkable growth and innovation in the managed services space and we are thrilled to be partnering with Adam Hartley and his talented team to build a best-in-class platform.”
“We have been actively seeking the right company for the foundation of our platform and Hi-Tek Data aligns perfectly with our vision,” added Mike Williams. “Our mission to build trust and uphold a lasting legacy resonated with Hi-Tek Data. From day one, they have leveraged our decades of experience and industry connections in the MSP sector.”
Hi-Tek Data has built a strong reputation for providing top-tier co-managed services and exceptional customer service to its diverse client base which includes industries such as Healthcare, Manufacturing, Distribution, Legal, Accounting and many other B2B categories. Post-acquisition, Hi-Tek Data will continue to operate under its established brand while benefiting from the strategic guidance and resources provided by Sea Pine and its partners. The company will be focused on accelerating organic growth and pursuing acquisitions to expand Hi-Tek Data’s footprint, enhance its service portfolio, and continue building on the strong culture that has led to its current success.
“We are excited to be taking this next step in the evolution of Hi-Tek Data,” said Adam Hartley. “This investment will allow us to enhance our service capabilities, pursue acquisitions, and ultimately deliver even greater value to our clients.”
About Sea Pine Equity Partners
Sea Pine Equity Partners is a private equity firm that invests in lower middle market companies in the service sector. The firm takes controlling positions in its investments and partners with founders and existing management teams. This transaction represents Sea Pine’s second platform investment since its founding in 2022. For more information, please visit https://seapineequity.com/.
About Hi-Tek Data
Hi-Tek Data is a leading managed IT services firm that offers tailored solutions to help companies meet their business needs and goals. The company’s primary managed services expertise revolves around 24×7 IT support, cybersecurity, cloud computing, Microsoft 365, application development, as well as a variety of other services. For more information, please visit http://hitek.local/.
Media Contact
Vivian Sayward
vsayward@hitekdata.com
858-353-2390
