On December 3, 2024, OMERS Private Equity has signed a definitive agreement to acquire a majority stake in Integris, a U.S.-based provider of managed IT services, from Chicago-headquartered private equity firm Frontenac. Though the transaction value was not disclosed, this deal represents OMERS Private Equity’s strategic entry into the IT managed services provider (MSP) space—a fast-growing sector that delivers outsourced IT, cloud, and cybersecurity services to small and medium-sized businesses across various industries. Headquartered in New Jersey, Integris operates nationally through offices located on the East Coast, in the Midwest, and in the South. OMERS intends to support Integris in continuing its profitable growth trajectory, both organically and through acquisitions. The company’s proven leadership team, including Founder and CEO Rashaad Bajwa and President and COO Glenn Mathis, will remain in place to ensure operational continuity and service excellence. The deal closed on December 30, 2024.

OMERS views Integris as a world-class platform with strong customer-centric values and significant growth potential. The firm aims to leverage this investment to broaden its business services portfolio, entering a dynamic market where demand for scalable IT solutions continues to rise. The transaction is expected to close in December 2024. Legal counsel for Integris and Frontenac was provided by DLA Piper, with Baird acting as financial advisor. Cravath, Swaine & Moore LLP served as legal counsel to OMERS Private Equity.