About
New Charter
Technologies

Overview

New Charter Technologies is building a Dream Team of Managed Service Providers. Through innovation, collaboration, and strategic execution, we deliver best-in-class solutions to propel our clients into the digital world.

The team is composed of industry-leading, top quartile MSPs that share a common set of cultural values and business objectives. New Charter is setting the standard of excellence in the industry by executing a business model that strengthens and elevates the performance of the entire group as a whole.

New Charter is at the high end of financial performance and operational maturity. Through collaboration, sharing of best practices, and taking advantage of scale opportunities, the businesses perform at an even higher level.

Our Mission

At New Charter, our mission is to positively influence the lives of our clients and the people they serve. We execute this mission by creating and delivering innovative technology solutions that align and elevate strategic and operational initiatives. We are passionate about digital transformation and believe that the right technology solution can make a profound impact.

How we got started

2018

The idea of New Charter Technologies was born in February of 2018. Mitch Morgan, CEO of New Charter, set out to identify the financial investment partner that would align to the vision and propel the idea into a reality. In August, Oval Partners became the identified equity firm, establishing the transactional structure of the organization. Oval proved to be the perfect partner based on their experience in the market, in particular the unique Equity Partnership Model that Oval has perfected.

Four foundational partnership discussions were in motion, setting the stage for fast-growth years to follow.

2019

PennComp, located in Houston, Texas, was the first company to come on-board in September of 2019. Scott Young, CEO of PennComp, and Mitch Morgan aligned greatly on vision and values, setting the standard for what the New Charter Partner Ecosystem represents.

Number of Employees: 19
End Points Managed: 1,425

2020

New Charter adds three additional Partners to the team, rounding out the four original Founders. ActiveCo (Vancouver, Canada), Apex (Redding, California), and DCG (Los Angeles, California) join in January and March of 2020. The original Founders signify the trust and vision of New Charter.

Following the original Founders, New Charter proudly adds The Tech Group (South Burlington, Vermont), Greystone Technology (Denver, Colorado), Olmec Systems (Denville, New Jersey), and Stronghold Data (Joplin, MO), creating a roster of 8 best in class companies.

Number of Employees: 209
End Points Managed: 23,893

2021

Braver Technology, located in Taunton, Massachusetts joins the team in January of 2021. New Charter plans on adding six additional Partners by the end of this year. The New Charter Corporate structure is growing alongside the Partner Ecosystem.

Number of Employees: 283
End Points Managed: 29,033

New Charter Leadership

At New Charter, we’re committed to building a caliber of business that the industry hasn’t yet seen through strategic partnerships, collaboration, and executive leadership.

Oval Partners is a multi-family office investment firm with proven experience leading platform-building efforts across multiple industries. Through prudent investment and operational expertise, New Charter is positioned to grow and stand apart strategically and financially from others in the market.

Mitch Morgan, CEO
CEO, New Charter Technologies

Mitch Morgan

With a career legacy that includes Commercial Banker, Entrepreneur, Corporate Executive, and Industry Consultant, Mitch’s background suits him to build New Charter Technologies as its CEO. Through his experiences he has crafted a vision for an Operating Model for New Charter. This unique equity partnership enables business owners to continue their entrepreneurial focus on a larger stage, and the companies they operate to achieve an even higher level of success together as part of New Charter.

Mitch has a long track record of successfully growing IT services businesses. Prior to founding New Charter, he ran a consultancy focused to MSP business improvement, and was also responsible for leading 21 MSP acquisitions. Previously, he was a Vice President at IKON, running a $500M division responsible for over 2,000 employees in technology services. He also founded and grew his own IT services business from startup to 75 employees before its successful acquisition. Additionally, Mitch was General Manager of Heartland Marketplace for IKON, with $100M P&L, 110 sales reps across four states. Mitch started his career as a commercial banker.

Jake Mizrahi - Managing Director & Co-founder
MANAGING DIRECTOR & CO-FOUNDER

Jake Mizrahi

Jake Mizrahi is a Managing Director and Co-Founder of Oval Partners. He has worked in the Private Equity Industry for over 20 years and has extensive experience across transaction types, including buyouts, build-ups, corporate carve-outs, take privates, equity investments and debt financings. He focuses on making investments in information services, software, tech enabled services, and business and financial services. Jake has had a significant amount of success investing in and partnering with entrepreneurs to help them scale their companies by making acquisitions, generating organic growth, and developing strategic partnerships. His approach is to work with management teams to help them develop long term strategies to dramatically grow and transform their businesses. Prior to founding Oval Partners in 2015, Jake was a Managing Director at Golden Gate Capital, which he joined in 2003. Previously Jake was a founding executive of iPhrase Technologies, which was acquired by IBM. Early in his career, he was also an investment professional at Bain Capital and a management consultant at Bain & Company.

He holds an M.B.A. from the Stanford University Graduate School of Business and a B.S. in Management Science from the Massachusetts Institute of Technology (Phi Beta Kappa).

Jake is married with three children and lives in Menlo Park, CA

John Knoll - Managing Director & Co-founder
Managing Director & Co-Founder

John Knoll

John Knoll is a Managing Director and Co-Founder of Oval Partners with over twenty years of history in Private Equity. His industry experience spans numerous end markets including software, electronics, IT, financial and business services, high mix manufacturing, and industrial technology. Within these markets, he has executed a wide range of transaction sizes and types, including founder exits and recapitalizations, take privates, corporate carve-outs, and asset purchases under bankruptcy reorganization. These toehold transactions often led to additional tuck-in acquisitions as part of a buy and build strategy to consolidate niche, fragmented end markets. Prior to Oval’s formation, John spent fourteen years at Golden Gate Capital (GGC) starting with the firm’s formation in 2000. At GGC, John invested in a variety of end markets across the GDP before leading the tech hardware and electronics vertical. His career started as a management consultant for four years with Bain & Company in the San Francisco and Stockholm offices.

He holds an M.B.A from the Stanford University Graduate School of Business and a B.S. and M.S. in Industrial Engineering from Stanford University.

John is married with three children and lives in Atherton, CA

Kyle Robertson - Principal
Principal

Kyle Robertson

Kyle Robertson is a Principal at Oval Partners. Prior to joining Oval Partners in 2016, Kyle spent three years at TSG Consumer Partners, a San Francisco-based private equity firm specializing in branded consumer and retail investments. Prior to TSG, Kyle worked in the investment banking division of J.P. Morgan in New York City. He holds an M.B.A. from the Stanford University Graduate School of Business and a B.B.A. in Finance from The University of Texas at Austin.
Dan Ruhl - Partner
Partner

Dan Ruhl

Dan Ruhl is a Partner at Oval Partners. He has worked in the Private Equity Industry for over 20 years and has extensive experience across transaction types, including buyouts, build-ups, corporate carve-outs, equity investments and debt financings. In his private equity and investment banking career Dan has specialized in working on transactions directly with business owners.

Prior to joining Oval Partners in 2016, Dan was the President of Clover Technologies, Inc. During Dan’s tenure at Clover, the company grew more than 20 fold and acquired over 30 companies. That experience in building and consolidating global businesses will be used to help Oval complete and integrate portfolio add-on acquisitions. Dan is actively engaged in executing on add-on acquisitions for FlexPrint, an Oval Partners portfolio company.

He holds an M.B.A. from the University of Chicago Booth School of Business and a B.S. in Finance from Northern Illinois University.

Dan has three children and lives in Chicago, IL

bryan bodhaine new charter technologies
CFO, New Charter Technologies

Bryan Bodhaine

Bryan Bodhaine, joined New Charter in 2021. He began his career in public accounting with Deloitte & Touche, and has since held executive-level finance and operational roles with public and private companies in a variety of industries.

He has a proven track record of building and managing successful accounting teams, and has been on the buy and sell side of more than 20 acquisitions with strategic and private equity buyers, ranging from $1M to $320M.

Bryan holds a degree in Business Economics and Accounting from UC Santa Barbara, and is a CPA (inactive) in the State of Colorado.

Dan Escovitz - Director, Business Development
Director, Business Development

Dan Escovitz

Dan Escovitz is the Director of Business Development at Oval Partners, where he leads the origination and evaluation of new investment partnerships. He also supports Oval Partners companies in sourcing and executing add-on acquisitions. Dan has over a decade of experience working with entrepreneurs to support growth financings, strategic acquisitions and owner liquidity, and he has furthered these efforts at various investment firms, including Vector Capital, AMD Ventures and ABS Capital Partners.

He holds an M.B.A. from the University of Chicago Booth School of Business, a B.S. in Finance & Accounting and a B.A. in Molecular Biology, both from the University of Colorado at Boulder.

Our Core Values

We believe the most effective way to march forward is to do it together. Our team is built on a set of shared core values that allows for synergy and alignment on both business and cultural objectives.

We believe results matter.

We believe that through trust, transparency, sharing, and execution, we all grow. By investing in people and relationships, we will create the standard in the industry. It all starts with our clients and we work passionately to serve their evolving needs through technology innovation and strategy.

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What Sets Us Apart

There is a reason why our clients rely on us to manage their full technology lifecycle and execute their business vision 24*7.

Exceptional Expertise

We understand the unique needs and challenges of various markets and why IT is not a “one-size fits all” approach. Our team has years of experience working with organizational leaders to consult, develop, deploy, and monitor technology programs that align both strategic and operational goals. We pride ourselves on our knowledge and certifications, allowing us to deliver the best solutions and services to our clients.

Strategic Guidance

Having a technology infrastructure that is backed by a team of strategic vCIOs propels our clients forward with confidence and trust. Our team of industry experts build IT roadmaps with the long-term in mind.

IT Consulting
Relationship Driven

When we partner with our clients, we are building a long-term relationship. We believe that IT is founded on understanding how people and organizations operate. We set out to uncover that and create a lasting partnership that is founded on trust, support, and human interaction.

Digital Transformation

We deeply understand the increasing role technology is playing in the world. Our clients partner with us because they’re seeking guidance in how to effectively align their strategic and operational initiatives with evolving innovation. We’re more than just a service provider, we’re a strategic lever that supports long-term organizational growth.

Responsive

We believe in proactive and responsive IT. Get visibility into your network, appliciations, and infrastructure performance 24/7/365 so there’s no surprise downtime. Our team of technical experts are standing by to assist you in real-time.