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 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.
The owners are the Leadership team and are collaborating and strategizing in a way that has never been seen in the industry.
A team of business owners to partner with for the sharing of new ideas and industry best practices to accelerate their business forward.
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.
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 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.
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.
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.
New Charter Technologies
Growth Since 2020
New Charter Technologies Partner Business Growth By Numbers
There is a reason why Fortune 100 companies rely on us to manage their full technology lifecycle and execute their business vision 24*7.