Seaport Capital Completes Acquisition of CyberlinkASP

Empowering Businesses: Seaport Capital's Acquisition of CyberlinkASP

In a bold move to strengthen its position in the managed service provider (MSP) industry, Seaport Capital, a highly regarded private equity firm based in New York, has successfully acquired CyberlinkASP from Staple Street Capital. This strategic acquisition marks Seaport's sixth investment in its $240 million private equity fund, Seaport Capital Partners VI. CyberlinkASP, headquartered in Dallas and founded in 1999, offers a comprehensive suite of IT management services to small and medium-sized businesses (SMBs) and enterprise customers. With its state-of-the-art infrastructure and expertise, CyberlinkASP specializes in providing fully-outsourced IT management services, including Desktop-as-a-Service (DaaS), application hosting, network management, disaster recovery, and cybersecurity. By acquiring CyberlinkASP, Seaport Capital aims to leverage its sector experience in tech-enabled services and propel Cyberlink's growth in the highly competitive MSP market. The acquisition is expected to fuel multiple avenues of expansion, enabling CyberlinkASP to strengthen its position as a trusted provider of IT management services. Chris Lantrip, CEO and co-Founder of CyberlinkASP, expressed confidence in Seaport Capital as the ideal strategic partner for the company's next phase of growth. Lantrip looks forward to executing key initiatives that will unlock CyberlinkASP's full potential and drive significant scalability. Scott McCormack, Partner at Seaport Capital, shared his enthusiasm for working with CyberlinkASP's experienced management team, emphasizing the company's strong focus on customer service, which has resulted in long-term customer relationships and high customer retention rates. Additionally, McCormack highlighted the fragmented nature of the MSP market, which presents attractive acquisition opportunities that align perfectly with Seaport's investment strategy. Drew Meyers, Seaport Capital Partner, emphasized the long-term success anticipated through the partnership with CyberlinkASP. Bringing together CyberlinkASP's seasoned management team and Seaport Capital's 25-year history of investing in the internet infrastructure market creates a formidable collaboration. Both CyberlinkASP and Staple Street Capital expressed appreciation for each other's support throughout their partnership. Staple Street Capital commended CyberlinkASP for its exceptional performance in delivering DaaS and MSP services, establishing itself as a trusted provider in the market. CyberlinkASP, in turn, acknowledged the invaluable contributions of Staple Street Capital in strengthening the company's leadership position, enhancing business processes, and facilitating strategic acquisitions that diversified and fortified their platform. The Bank Street Group LLC played a crucial role in the transaction, serving as the exclusive financial advisor to CyberlinkASP. About CyberlinkASP CyberlinkASP, headquartered in Dallas, Texas, is one of the nation's largest Desktop-as-a-Service (DaaS) and Application Service Providers (ASP). Recognized as Citrix's Partner of the Year, CyberlinkASP enables companies to access any app securely and cost-effectively from anywhere, on any device. Through purpose-built cloud and support services, CyberlinkASP empowers businesses to harness the full potential of IT management. For more information, please visit www.cyberlinkasp.com. About Seaport Capital Founded in 1997, Seaport Capital is a leading lower middle-market buyout firm specializing in communication infrastructure and services, business and information services, and media companies. With a solid track record in developing successful strategies and collaborating with management teams, Seaport Capital invests $10 to $40 million of equity capital in companies generating EBITDA between $3 and $15 million. Seaport Capital Partners VI, a 2020 vintage fund, is currently the main investment vehicle. For more information, visit https://www.seaportcapital.com. About Staple Street Capital Staple Street Capital is a prominent private equity firm managing approximately $900 million in capital. With a focus on market-leading businesses and transformational opportunities for value creation, Staple Street Capital helps companies build stronger and more valuable enterprises. The firm typically invests between $25 million and $125+ million of equity per transaction. For more information, please visit www.staplestreetcapital.com. This strategic acquisition positions Seaport Capital and CyberlinkASP for an exciting journey of growth and innovation in the MSP industry. With Seaport Capital's support, CyberlinkASP is poised to expand its market presence and deliver superior IT management services to businesses across various sectors.