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For MSP's 37+
vCIO's
35,400+
Endpoints Managed
1,150+
Clients

Equity Partnerships

New Charter Technologies is the largest and most respected Pure-Play MSP in North America. We propel our clients into the digital world by harnessing the power of emerging technologies to effectively align strategic and operational initiatives. 215+
Engineers
330+
Employees
PARTNER WITH US

Mitch Morgan, CEO and Bryan Bodhaine, CFO

Our Vision

Our vision is to create a caliber of business that the IT industry hasn’t yet seen. We execute this vision by providing best-in-class client experiences and by providing the most valuable services in the market. We exist because of our clients and work passionately to positively impact their operational and strategic initiatives through technology innovation. At New Charter, we believe results matter and strive to create an environment that fosters trust, transparency, and growth. By marching ahead together, we are creating the standard in the industry and leading the digital transformation movement.

The 5 Pillars of the Equity Partnership

The Oval Partners and New Charter Technologies business model is focused on building a caliber of business that the IT industry hasn’t yet seen. The strategy is revolutionary and changing the standard in which the industry operates.

Opportunistic

The platform partners with business owners who are not sellers but rather looking for an opportunity to continue what they’re doing and having a financial partner for further investment.

Collaborative

The owners are the Leadership team and are collaborating and strategizing in a way that has never been seen in the industry.

Ambitious

A team of business owners to partner with for the sharing of new ideas and industry best practices to accelerate their business forward.

Inclusive

The foundation of the model is centered around the idea that the Managed IT industry is a “people-business” requiring a local touch and should not be consolidated in order to build upon success and reach new growth and service delivery levels.

Growth

The partners who make up the New Charter banner are high growth and high margin businesses who share a common set of cultural and business objectives.

We are focused on building a caliber of business that the IT industry hasn’t yet seen. At New Charter, we seek growth oriented MSPs, with engaged owners that want to run their business while helping create a business the industry has not yet seen. We seek companies with $5M to $20M in Revenue, 50%+ recurring, EBITDA @ 15%+ or a clear path to get there.

CEO, New Charter Technologies, LLC

Our Approach

Our business model is revolutionary and changing the standard in which the IT industry operates. We partner with business owners who are not sellers but rather looking for an opportunity to continue what they’re doing with a financial partner for further investment, and a team to join in leading the industry through the next round.

Ownership Model

The structure allows Partners the unique opportunity to take cash off the table and reinvest up to 30% of the transaction proceeds into the New Charter Holding Company in the same class of stock owned by Oval Partners. The benefits of leverage, synergies, and selling at a higher rate are fully shared with the business owner. This results in higher returns than any individual business could achieve on its own. This unlocks the potential to scale business to the next level through prudent growth strategies and operational investments. Autonomy and culture are maintained while executive leadership and resources are provided to bring businesses to the next level.

Operating Model

The partners are best-in-class managed service providers that make up the Leadership team that actively develops and executes the strategy. Our supportive culture and decentralized, coordinated structure bring scale benefits, financial depth, shared knowledge/resources, and accelerated growth. This is achieved while maintaining autonomy, culture, leadership, financial upside, and other benefits of running your own business.

Partner Ecosystem

At New Charter, we’re building a Dream Team of Managed Service Providers that are high growth and high margin businesses. Our unique business model is centered around building a top-level alliance with strategic partners that are not sellers, but rather looking for a long-term strategic partnership. We share a comprehensive, all-inclusive relationship and our holistic developmental approach is providing unmatched value to our clients.

Both New Charter Technologies and the partners share a common set of cultural values and business objectives. Each addition to the New Charter banner complements and strengthens the group as a whole. In return, the Partner Ecosystem offers mutual growth opportunities, joint value, executive commitment, and thought leadership around technology innovation.

PE Firms in our space have a reputation of screwing things up! They often force companies into an unfamiliar service delivery model, causing the owner to leave, then the employees leave, and ultimately the clients leave. New Charter is the only platform where ALL the founders stay.

Brent WhitfieldFounding Partner, New Charter Technologies, LLC

A team of ’Go-givers' surrounds us. I can say without a shadow of a doubt, everyone at PennComp is glad to be a part of the greater New Charter team.

Scott YoungFounding Partner, New Charter Technologies, LLC

I really see that the investment in New Charter is going to be the best investment that I could have. It was a wise decision, and I am very, very happy with it! Your business is always growing but, New Charter is probably growing faster.

Scott PutnamFounding Partner, New Charter Technologies, LLC

New Charter Technologies
Partner Growth

75
Annual run rate
40
Recurring sales annually

Why Partner with
New Charter Technologies?

  • Continue running your business, and take it to the next level
  • New ownership model brings unprecedented returns
  • Participate on leadership team that achieves industry prominence
  • Get Marketing, Recruiting, HR, and Security help that will unleash your potential

New Charter’s approach to VCIO Blue Sky Sessions differentiate us, and helps NCT companies provide the most value to our clients in each of our markets.

Sam GohFounding Partner, New Charter Technologies, LLC

Our interaction with the Oval Partners and New Charter has been AWESOME! We couldn't be more blessed having all of this come together in one opportunity.

Steve LoyerPartner, New Charter Technologies, LLC

We immediately recognized the New Charter operating model as uniquely supportive of the balance between people and fiscal performance. They recognize that our ability to focus on our clients and employees is what truly drives financial performance and they increase the breadth of capabilities we have to offer our team and market.

Jesse Armstrong & Peter MelbyPartner, New Charter Technologies, LLC

Our Investors

Proven Experience

Oval Partners is a streamlined team of senior investors and operators with proven experience leading platform-building efforts across multiple industries.Oval Partners offers the operational capabilities and capital of a private equity firm, but the long-term mentality, partner orientation, and time frame of a private holding company.

Build Platforms

The Oval team of entrepreneurs partner with management to scale businesses through prudent investment and operational expertise. Together they build valuable platforms that stand apart strategically and financially from many of the smaller players in our industries.

Successful Record

The Oval Partners team has a successful track record of growing businesses from $20 million of revenue to $500 million and beyond.

New Charter Leadership

Oval Partners is a streamlined team of senior investors and operators with proven experience leading platform-building efforts across multiple industries, and we would be excited to learn more about your business.

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.

Growth Since 2020

New Charter Technologies Partner Business Growth By Numbers

New Charter Technologies is the first name that pops into mind when people think of IT support for small business anywhere in the US and with good reason. We are the IT Support Specialists of choice for Small & Medium size businesses and have maintained thriving relationships with 1150+ clients over 28+ years of our existence.

40
Increase In Revenue
20
Line of Credit
30
New Client Signup

MARKET WATCH

Press Release

There is a reason why Fortune 100 companies rely on us to manage their full technology lifecycle and execute their business vision 24*7.