The private equity sector sees opportunity in data center maintenance. Seaport Capital, which has a long history of investing in the data center industry, said this week that it has acquired DSA Mission Critical Services (MCS), which may become a vehicle for "strategic acquisitions."
MCS provides maintenance support for data centers, was previously a subsidiary of DSA Encore, but will become an independently operated business under Seaport’s ownership. MCS provides both preventative maintenance and emergency service programs for the critical infrastructure, including uninterruptible power supplies (UPS).
Seaport Capital was previously an investor in Switch & Data, Peak 10 and Voxel. Its current investments include American Internet Services of San Diego and New Jersey provider Net Access.
"Seaport Capital has a long track record of successfully investing in businesses like MCS and its investment will allow us to access substantial capital to fund the Company’s anticipated rapid growth and strategic acquisitions," said Ron Croce, President and CEO of MCS. “In particular, the additional capital will enable us to expand our national footprint while also expanding our core product and service offerings.”
“MCS is well regarded across the industry for providing high quality, reliable and responsive service to its customers,” says Justin Choi, Vice President of Seaport Capital. “We look forward to partnering with the Company and its management team as it continues to build on that foundation of exceptional customer service.”
Steve Friedman, CEO and Co-Founder of DSA Encore, says he expects to see MCS continue to grow under Seaport's stewardship.
“We built MCS into a market leader by developing its vendor agnostic service offerings to include every model and brand of critical power equipment," said Friedman. "We also created a full-spectrum technician training program that leverages live data center infrastructure installed in MCS’ state-of-the-art training center, which increases the readiness and quality of our technicians compared to the rest of the industry."