ServicePoint Acquires High Wire's Technology Services Division to Enhance Portfolio

ServicePoint has completed the acquisition of High Wire’s Technology Services Division, expanding its customer base and technological capabilities. This move, backed by Mill Point Capital, strengthens ServicePoint's position in the technology infrastructure market and enhances its service delivery team. High Wire, founded in 2000, specializes in multi-site deployment and technical solutions for VARs, MSPs, and MSSPs. The acquisition is expected to bolster ServicePoint's services portfolio and customer outcomes, as noted by NWN Carousel's Chief Revenue Officer.

ServicePoint, a portfolio company of Mill Point Capital, has recently announced the acquisition of High Wire's Technology Services Division [1]. This strategic move strengthens ServicePoint's position in the technology infrastructure market, expands its customer base, and enhances its service delivery team.

High Wire, founded in 2000, specializes in multi-site deployment and technical solutions for VARs, MSPs, and MSSPs [1]. The company's expertise in these areas complements ServicePoint's existing service offerings, enabling the combined entity to provide a more comprehensive suite of services to its clients.

The acquisition is expected to bolster ServicePoint's services portfolio and customer outcomes. NWN Carousel's Chief Revenue Officer, for instance, noted that the acquisition would enable the company to offer more value-added services to its clients [1].

Mill Point Capital's investment in ServicePoint immediately enhances the company's operational scale and service capabilities. With a talented management team led by Co-Founders Joe Iovinelli and Tony Iovinelli, High Wire will continue to build upon its strong track record of growth and reliable execution [1].

The shared values of innovation, excellence, and commitment to customers make this partnership an excellent fit [1]. Mill Point's executive team, led by Executive Chairman Jeff Leventhal and Vice President Brandon Sarno, looks forward to combining resources and operational capabilities to further diversify the platform and execute on key tenets of its Value Creation Plan.

In conclusion, ServicePoint's acquisition of High Wire's Technology Services Division is a strategic move that strengthens the company's position in the technology infrastructure market, expands its customer base, and enhances its service delivery team. With a talented management team and a strong track record of growth, the combined entity is well-positioned to capitalize on the numerous opportunities ahead.

References:
[1] Mill Point Capital. (2024, April 3). ServicePoint Acquires SmartSource. [https://millpoint.com/servicepoint-acquires-smartsource/]