This is not another long-form piece that exists to loftily inform you that “ha…
West Texas-based Solutions and Services Company Joins New Charter Fold
(Denver, CO) January 23, 2024 – New Charter Technologies, a portfolio company of Palo Alto-based private equity firm Oval Partners, recently announced a partnership with Computer Transition Services Inc. (CTSI), a managed IT provider based in Lubbock, Texas, that services businesses throughout West Texas and Eastern New Mexico.
Established as a prominent force in business computing solutions, CTSI boasts an impressive 39-year legacy of providing exceptional support and service. With a comprehensive understanding of the region’s unique business landscape, CTSI stands as a reliable source for a wide array of technology services.
According to CTSI president Andrew Fleming, the partnership with New Charter was a natural progression, and solid joining of forces.
“New Charter Technologies has a reputation for attracting mature, well-run businesses, so joining them was most certainly a strategic move for CTSI,” said Fleming. “The ability to preserve our authenticity and company culture while leveraging the collective expertise of New Charter’s partner companies was a decisive factor. Our focus isn’t solely on growth, but on providing additional value to our clients, tapping into and enhancing shared resources, and strengthening our competitive advantage in the market. This partnership empowers us with the means to offer elevated solution options and support services, and we’re excited about the opportunities that brings.”
The emphasis on preserving culture and autonomy underscores CTSI’s trust and confidence in its ability to keep their current team and culture within the New Charter framework. Additionally, the alignment with New Charter is emphasized by the previous companies that have successfully integrated into the platform of companies, showcasing a track record of mature and well-run entities.
“At New Charter, we prioritize fostering collaborative environments where well-run companies seamlessly continue their operations, adapting to evolving trends and industry shifts,” said Mitch Morgan, CEO of New Charter Technologies. “Our model respects each partner’s strengths, enabling them to thrive within our framework. CTSI joining us confirms the success of this approach. The CTSI team is a great addition to New Charter, allowing us to make a more significant impact in the industry.”
While growth is a natural outcome, the partnership is driven by CTSI’s laser-focused commitment to acquiring additional resources and maintaining an unwavering client-centric approach. The collaboration empowers CTSI to explore innovative offerings, scale operations, and fortify their commitment to delivering exceptional value to their clientele.
Here are the five pillars that make up the foundation of New Charter:
- 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.
- 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 businesses who share a common set of cultural and business objectives.
The owners are the Leadership team and are collaborating and strategizing in a way that has never been seen in the industry.
About Computer Transition Services, Inc.
CTSI is a security focused Managed Services Provider that delivers technology and security solutions to businesses all around West Texas and Eastern New Mexico. We collaborate with various industry-leading vendors to provide integrated solutions and professional services to meet the technological and organizational needs of businesses. We offer an array of services including Managed IT Services, Cyber Security Services, HIPAA Compliance Support, Technical Support Services, Backup and Disaster Recovery Solutions, Technology Consulting, and Strategic IT Planning.
We have been in business for over thirty-nine years, and have built a culture around people who care – people who care about you, your business, and the communities we serve. We strive every day to improve the lives and business success of those around us.
About New Charter Technologies
New Charter Technologies is building a caliber of business the IT industry hasn’t yet seen. Serving small-to-medium sized businesses in 10+ industries across North America, we deliver best-in-class technology solutions to propel our clients into the digital world. Learn more at newchartertech.com.
About Oval Partners
Oval Partners is a multi-family office investment firm designed to provide liquidity, growth, capital and acquisition funding to founders of growing businesses across North America. Oval’s capital base is permanent—it is committed, unencumbered and unconstrained in terms of holding period. Oval offers the capabilities and capital of a private equity fund, but the mentality, partner orientation and investment time frame of a private holding company. Oval’s principals have completed more than 100 transactions involving platform investments, acquisitions, exits, and re-financings. Oval focuses on making investments in the tech-enabled services, information services, internet, software/SAAS, and industrial technology markets. New Charter embodies the essence of Oval’s targeted “buy and build” strategy in attractive, service-oriented, niche end markets. For additional information, please visit ovalpartners.com or contact Dan Escovitz at [email protected] .